Insurance

[PWeso81]

I really need some advice on putting my collection on our home owners insurance. 90% of my collection is complete sets from '74 - current. The other 10% is vintage cards (singles) that steal the show...as far as value. Our agent says to itemize everything...which would take forever. So, I am looking for the easiest and safest my to do this. Any POSITIVE advice will help.

Thanks

Pat

[triwak]

I wanna hear people's advice on this too! So... bump!

[Peter_Spaeth]

Without a rider which can be expensive not sure collectibles are insured under your homeowners' policy. Consider a separate policy from someone like Association Insurance Administrators in Davidson, NC which will only require you to list individual items over a certain threshold.

[PWeso81]

Originally Posted by Peter_Spaeth

Without a rider which can be expensive not sure collectibles are insured under your homeowners' policy. Consider a separate policy from someone like Association Insurance Administrators in Davidson, NC which will only require you to list individual items over a certain threshold.

Not sure about collectibles...my wife's jewlery is covered. Is that along the same lines?

[Peter_Spaeth]

Well you would have to read your policy and ask your agent, I am just saying generally, as I understand it, collectibles are only covered with a rider and it may be less expensive and more convenient to buy a separate policy than to purchase a rider.

[PWeso81]

Thanks. We have talked about it. He says give him a list and then shoots a price. What do I ask for? I know that my value won't be the same as his.

[JamesGallo]

I think this has been covered many times in the past. The best place is

Collectibles Insurance Agency

http://www.collectinsure.com/cost.ht...FeJN5QodpxUjhw

Reasonable rates and you don't need to itemize anything under $5,000.

James G

[PWeso81]

Thanks James

I know the topic has been brought up before...and I know it is usually followed by a website to check out. What I don't know is the best way to approach placing a value. Do you add everything up and insure one lump sum...or do insure different lots for different amounts? I would just like to hear how some of the other forum members handle this.

I use USAA for my homeowners insurance and they have gave me 100000 to cover my collection. They value it on Published guide prices. This is the only time I can say a beckett is worth it's weight in paper. Also it was easy to get it because of my registry and had most of my card scanned and documented.

[forazzurri2axz]

GOOD NEWS FOR EVERYONE(like me!!)LOOKING FOR INSURANCE

One of our fellow net 54 vintage collectors (t206, t205, caramels etc) is one of the principal owners in a financial planning/investment/insurance company. Over the last few months, after researching the ciollectibles insurance market, he has been meeting with The Hartford Co. (Hartford, Ct) proposing that they open a new division insuring baseball cards etc.......the last meeting they gave a tutorial to Hartford on PSA,( SMR, the registry, explanation of pop reports etc) ebay, VCP to show how there can be a up to date price guide , Net 54(primary purpose was to show interest in pre-war cards, number of people participating and viewing threads etc) SGC for obvious reasons etc.......my understanding is that Hartford is VERY INTERESTED in insuring collectibles, but probably only graded cards to begin with.....I will probably be the second customer (he will be #1)

I will try and get some further information as to when this will be available, cost etc but I believe they will be tying this in with VCP/PSA in some ways(at least that is in their plans from what I have heard. I imagine many people may be pleased with their present insurance but I imagine is as reputable as they come( no, I don't own stock in Hartford)

bill latzko

[JamesGallo]

Originally Posted by forazzurri2axz

GOOD NEWS FOR EVERYONE(like me!!)LOOKING FOR INSURANCE

One of our fellow net 54 vintage collectors (t206, t205, caramels etc) is one of the principal owners in a financial planning/investment/insurance company. Over the last few months, after researching the ciollectibles insurance market, he has been meeting with The Hartford Co. (Hartford, Ct) proposing that they open a new division insuring baseball cards etc.......the last meeting they gave a tutorial to Hartford on PSA,( SMR, the registry, explanation of pop reports etc) ebay, VCP to show how there can be a up to date price guide , Net 54(primary purpose was to show interest in pre-war cards, number of people participating and viewing threads etc) SGC for obvious reasons etc.......my understanding is that Hartford is VERY INTERESTED in insuring collectibles, but probably only graded cards to begin with.....I will probably be the second customer (he will be #1)

I will try and get some further information as to when this will be available, cost etc but I believe they will be tying this in with VCP/PSA in some ways(at least that is in their plans from what I have heard. I imagine many people may be pleased with their present insurance but I imagine is as reputable as they come( no, I don't own stock in Hartford)

bill latzko

Just to add to this that Collectibles insurance agency has been around for 50 years. There coverage is with Loyd's of London so it doesn't get much better then this. Plus you won't have any restrictions like only grade cards, not sure that would be too useful as I am sure many of us have some raw cards as well and it would not make sense to have one insurance for the graded and one for the raw.

Also as mentioned above I would not trust my typical home owners even with a rider I think they will give you a hard time if you have to file a large claim.

James G