Sports Card Insurance

[G1911]

For $3,500, I wouldn't bother.

A safe is a general good idea, at least for the stuff of value. A fireproof gun safe is a few hundred dollars though. Honestly, I'm not sure it makes sense to spend ~$500 to secure $3,500 in values. Are the odds that you will avoid a robbery or under ~45 minute fire by using a safe to store your cards 1 in 7? If not, then it just doesn't make mathematical sense unless you have other things of value you would also like to secure.

A cheap and hidden lockbox might be the way to go for this exact, specific situation.

[StraightRaceCards]

Originally Posted by G1911

For $3,500, I wouldn't bother.

A safe is a general good idea, at least for the stuff of value. A fireproof gun safe is a few hundred dollars though. Honestly, I'm not sure it makes sense to spend ~$500 to secure $3,500 in values. Are the odds that you will avoid a robbery or under ~45 minute fire by using a safe to store your cards 1 in 7? If not, then it just doesn't make mathematical sense unless you have other things of value you would also like to secure.

A cheap and hidden lockbox might be the way to go for this exact, specific situation.

I should have clarified

I bought a house last year and was actually able to negotiate the fireproof safe that was already there to stay with us. So I’ve got one already!

[G1911]

Originally Posted by LarsHoneyToast

I should have clarified

I bought a house last year and was actually able to negotiate the fireproof safe that was already there to stay with us. So I’ve got one already!

Man, I wish my place came with the safes included! You are probably good to go with just the safe then at that cost/value for insurance. My state has a lot of theft crime so I've had to rethink my security options, but the odds thieves or a fire or other disaster gets through a proper safe are very low.

[nwobhm]

The only insurance you need is a 100lb German Sheppard…there won’t be an issue with your cards or anything else for that matter. Thieves will move along to easier pickings once they hear him. Two are double the fun. :wink:

[Fred]

Matt,

Keep on collecting and grow your cardboard (ok and plastic slabs) collection.

If you have the safe available to you, then use it if it makes you feel more protected. Use the $68/year on more cardboard.

Enjoy the hobby. It can be a lifetime journey that can be a lot of fun.

[Texxxx]

When my collection grew to the point that I was thinking the same thing. I decided to go with a safe over insurance. A couple reasons. One is if you get a data safe they will be fine in a fire. Two is I can put other things not collecting related in it. The one I went with was not cheap but it holds a lot plus it weighs about 1700 lbs so no one is going to carry it off very easy.

[Gorditadogg]

Originally Posted by nwobhm

The only insurance you need is a 100lb German Sheppard…there won’t be an issue with your cards or anything else for that matter. Thieves will move along to easier pickings once they hear him. Two are double the fun. :wink:

Yep, hopefully your dog knows how to use a fire hose too.

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[Directly]

Not sure about renters insurance--I have a private policy that cover shipping, loss, etc. for comfort of mind-- although I always ship high dollar items registered and insured (insurance is cheaper) --You might check those insurance fees--

[samosa4u]

Originally Posted by nwobhm

The only insurance you need is a 100lb German Sheppard…there won’t be an issue with your cards or anything else for that matter. Thieves will move along to easier pickings once they hear him. Two are double the fun. :wink:

The 100 lb German Sheppard could always end up eating the cards, no?

[tlhss]

Have you spoken with your agent that provides your homeowners policy to determine what’s covered under that policy when it comes to collectables?