Do any of you have your Collection Insured?

[gadsden86]

Sorry if this has been posted didnt see it anywhere so figured i'd ask.

I was wondering if any of you have your collection insured under your homeowners insurance. If so did you need an appraisal? If you did who did you go threw?

Just looking to get some kind of something to cover me if something were to happen.

Thanks for any help.

[Mulligans]

Re: Do any of you have your Collection Insured?

https://www.collectinsure.com

I have been using them for years....no appraisal necessary.

[Shipp_96]

Re: Do any of you have your Collection Insured?

I do, I had Farmers Insurance then switched upon moving out west to a local company. No appraisal needed either time, they asked me an estimate and what my collection contained (very vague description of game worn helmets, jerseys and autos...no specifics).

[icollectDCsports]

Re: Do any of you have your Collection Insured?

It may be that an insurance company will say they'll cover you for your collection and will accept your initial overall valuation, but when it comes time (God forbid) to file a claim, I wonder how readily they'll accept valuations for individual pieces that you say were stolen or ruined?

[baseballfan0721]

Re: Do any of you have your Collection Insured?

www.collectinsure.com

I have been using them for years....no appraisal necessary.

are they expensive

[Mulligans]

Re: Do any of you have your Collection Insured?

Not crazy.....you can go to their website and try a couple values of your collection and you can get an instant quote. In other words you get to pick the value of your policy. I save huge money on fedex and ups insurance as I no longer need to purchase it. It is covered in the policy and the savings probably pays for my policy.

[gadsden86]

Re: Do any of you have your Collection Insured?

cool thanks guys

[stitzerfse]

Re: Do any of you have your Collection Insured?

It is extremely important to note that there is a huge difference between an insurance agent/agency and an insurance carrier. Agencies take on zero risk and are middle men paid commission by the carrier to service the customer. The original collectinsure entity (an agency) was purchased by another agency several years ago. They are NOT the ones covering the risk. Long story short, if you are going to contact them, ask what carrier options they provide and ask if you have a choice. If you do, do your homework on the carriers provided. Big red flag if they won't share that info.