Collectable insurance

[Bicem]

https://collectinsure.com/

[ncinin]

As a dealer I use https://www.thefia.com/

[Harliduck]

Originally Posted by Bicem

https://collectinsure.com/

Thanks Jeff. Clicked your link and done something I should have for quite some time. Took all of 10 minutes. Appreciate that.

[pawpawdiv9]

Wondering about pricing on this and how it works.
Let say what would a 50K policy cost versus a 100K policy and such.
How does the calculation work? You send them a spreadsheet of your list and values??
I myself, list my cards on the PSA registry, even the Non-PSA cards.
Just curious myself here on pricing, or just keep them in a safe/or bank will suffice.

[BeanTown]

Thanks for the post so far. The premium would be based on insured value (along with other factors) and like most, I think we all tend to over value our stuff. I know when I ask for opinions on value from people, I asked for both a low and high amount.

[Harliduck]

Chris...I just completed it today as mentioned. Took what I thought was a fair value...anyone can look at my signature and considering my sets are all VG/EX to EX estimate my value pretty easily...and followed the process. I do scan all my sets and apparently that was sufficient (they ask for proof of what you have and I checked that I have scans, but they did not require me to send anything in...I am sure I would need it to pay a claim). I also have lots of doubles and such that aren't scanned (now my homework) but my valuation must have been fair as it went right thru (all they know is I have X amount of value that I have claimed and that it is Sportscards). There must be a dollar amount barometer of what one claims to where you would have to get a 3rd party estimate. My collection is small potatoes I imagine to most of you. Anyhow, followed along and it was just under $150 a year. I was surprised as that is more than fair and signed right up. As said, done in 10 minutes, policy in hand. I know home owners insurance would have been a joke if something were to happened...this is something I wanted to do for quite some time.

Reminds me of my Hagerty policy, same principle. I collect vintage cards and their process is very similar. Great company, great process.

[Bicem]

Originally Posted by pawpawdiv9

Wondering about pricing on this and how it works.
Let say what would a 50K policy cost versus a 100K policy and such.
How does the calculation work? You send them a spreadsheet of your list and values??
I myself, list my cards on the PSA registry, even the Non-PSA cards.
Just curious myself here on pricing, or just keep them in a safe/or bank will suffice.

Your agent will go over exact pricing options, for 100k of coverage I'm guessing around $500-600 in annual premiums, but that's just a rough guess.

You don't need to provide scans or proof of ownership or a list or anything like that, just the total amount of coverage you want. You only need to itemize and let them know about individual items of $25k or more. I've never had to make a claim, but have heard from others that it's a very easy process (unlike trying to file a claim with the Post Office).

Speaking of, that's really where your policy will start paying for itself if you sell/ship items. Just use signature confirmation (Registered for higher value items) and your policy will cover items through the mail, no need to purchase insurance from the Post Office. You agent will cover all the details on this too.

[Leon]

Personally, when I had my first collection, I used a bank safe deposit box. Never bought collectibles insurance. When I helped run an auction of course we had it. We used Collectibles Insurance or whatever they are called today.
And to the original question, I wonder if most folks insure what is inside the bank safe deposit box? I never felt the need. And I have heard of the horror stories about bank vaults but those are few and far between.

[Georj]

I'd be interested in knowing if anyone has ever made a claim and how it worked out. What if only part of the collection needs to be made a claim on?

[bobbyw8469]

This would be a must. I would hate to own a Mantle rookie card and see someone just walk off with it.