OT - Insurance question

[Leon]

Originally Posted by conor912

Hey guys,
Since getting into prewar a few years ago I have spent a small fortune. I'm pulling together scans, lists, etc just to have on hand in case anything should happen. I'm also pulling together all of my invoices, but I was wondering if anyone knows if the invoices themselves are enough, or would I also need to include proof that the invoices were actually paid? I can see how they could argue that showing someone a bill for something is not proof that you actually PAID that bill.

Thanks for the time.

From past audits, and one for baseball cards with the IRS, it's always better to have as much info as possible. I think you are correct in your assumption too. Though my guess is each auditor has their own style, more information is always better.

[vintagetoppsguy]

VCP or CardTarget is great for that. It lists the card, date of purchase, purchase price, shows a scan, etc. Then all you have to do is reference the purchase to your bank account or credit card (or even your PayPal account) which should be pretty easy to do with the date and purchase price. That's all the proof you need to show it was paid for.

If an insurance company is going to refuse to pay a claim, it doesn't matter how much paperwork and "proof" you have. All they have to say is "Ok, you proved you purchased it, now prove you owned it at the time of your reported loss." Just stick with a reputable insurance company.