Question about Collectibles Insurance Services

[CMIZ5290]

I am sending some high end T206s to a Dealer for an upcoming event. Does anyone know if my insurance covers the exposure of his travel, and for the 3 days at the show? I have heard about several thefts that have happened in recent events.....Thanks for any input.....

[4815162342]

I don't think so. I believe they would only be covered during shipping; once they are in the dealer's hands, they would be his (and his insurance's) responsibility.

[Tony Gordon]

I'm of the opinion that this company is a scam. Check out the "Exclusions." They pretty much exclude everything that could go wrong.

http://www.collectinsure.com/exclusions.aspx

[rainier2004]

Originally Posted by Tony Gordon

I'm of the opinion that this company is a scam. Check out the "Exclusions." They pretty much exclude everything that could go wrong.

http://www.collectinsure.com/exclusions.aspx

This company protects you from theft, fire and flooding...I guess I'm not too worried about my cards in the event a nuclear bomb goes off. I'm curious what part of that list you think a company should cover? They would also cover cards, shipped via registered mail or other approved method stated in their guidelines, and I believe they would even cover them while at the show as long as they are declared.

[ibuysportsephemera]

Originally Posted by Tony Gordon

I'm of the opinion that this company is a scam. Check out the "Exclusions." They pretty much exclude everything that could go wrong.

http://www.collectinsure.com/exclusions.aspx

I have used them for years. They cover the most important things for me...fire, flood and theft.

Jeff

[brob28]

•Voluntary parting with covered property

I would hazard a guess that this would apply to your situation Kevin.

[rainier2004]

Originally Posted by brob28

•Voluntary parting with covered property

I would hazard a guess that this would apply to your situation Kevin.

I guess I didn't interpret it that way. When I talked to a rep at the company, he informed me that it would be covered in the mail and say on display at a museum, not that I have anything like that. It seems like at a show may be covered, but that may pushing it.

[Tony Gordon]

I'd be interested to hear from someone who has made a claim. Theft is clearly excluded because it is a "criminal act" or "mysterious disappearance" and fire and flooding may be excluded from their catch-all phrase at the end that states "This is not a complete list of exclusions and exclusions can vary by policy."

[queencitysportscards]

Most traditional insurance companies will not cover sports cards & memorabilia...they won't touch it. IMO, they are one of the best "shots" at covering your cards & memorabilia at all...

[ibuysportsephemera]

Originally Posted by Tony Gordon

I'd be interested to hear from someone who has made a claim. Theft is clearly excluded because it is a "criminal act" or "mysterious disappearance" and fire and flooding may be excluded from their catch-all phrase at the end that states "This is not a complete list of exclusions and exclusions can vary by policy."

You have to read the whole policy..and I spoke to them about the exclusions. Fortunately I have never had a claim, but I am very comfortable with the coverage of the policy.

Jeff

[PhilNap]

Originally Posted by Tony Gordon

I'd be interested to hear from someone who has made a claim. Theft is clearly excluded because it is a "criminal act" or "mysterious disappearance" and fire and flooding may be excluded from their catch-all phrase at the end that states "This is not a complete list of exclusions and exclusions can vary by policy."

You are reading from a punch list of exclusions. If you read the policy it states "Dishonest or criminal acts . . . by you, your employees, your agents, your family, and household members, or any person or persons to whom the Covered Property may be entrusted."

[dabigyankeeman]

Originally Posted by ibuysportsephemera

I have used them for years. They cover the most important things for me...fire, flood and theft.

Jeff

Me too, thats exactly how I feel. Fire, flood, theft, thats what I am worried about. I have heard good stories about them dealing with these problems.

[the 'stache]

Can anybody with this insurance, or knowledge of their policy, comment if cards in a storage facility, or a bank, would be covered? Or do they all have to be in your domicile if not being shipped? My high value cards are going to be stored in a safe deposit box at my bank. I would like to put a safe full of my pre-war and vintage cards of lesser value in my locked storage unit as it's climate controlled, and has a sprinkler system. It also has a video surveillance system, and access to the facility is restricted to people who store with them. That seems to trump any kind of protection I could have at home.

I know that Uhaul offers insurance on things in storage, but I would prefer to have one policy covering the totality of my collection.

Thanks!

[4815162342]

Tony I'm just curious, do you have cash and gold buried in your backyard?