Insurance for your collection?

[rjdgonebats]

Re: Insurance for your collection?

I use Collectibles Insurancy Agency in Maryland. They are not cheap but you dont need to list every item you own unless its over $5,000.Thank God I havnt had to file a claim so I cant say how good they are in settling a claim. Hope this helps.

[worldchamps]

Re: Insurance for your collection?

This has been discussed on here before....someone recommended Chubb Insurance....I did a internet search, and got some for a "dealer/broker" that carries that.

I was impressed with pricing, not as expensive as I thought.....@$30 a month. Did not have to do an itemized list either.

[hblakewolf]

Re: Insurance for your collection?

$30. a month? I'd read the policy extremely carefully. If an item is lost/stolen, how are you paid and based on what criteria?

I ask because I'm aware of policies that pay you for a "worn jersey". According to one broker I spoke with, this is so broad that if your game worn Lebron James jersey was stolen, the insurance company could offer you a Foot Locker retail version worn by some kid and offered on Ebay as a replacement. Don't laugh-the policy is poorly written.

You need to make sure it's REPLACEMENT VALUE for a genuine GAME WORN JERSEY and there are no loop holes.

Good luck,
Howard Wolf
hblakewolf@patmedia.net

[CollectGU]

Re: Insurance for your collection?

To all,

Chubb offers replacement value on their items. Also, the rate for collectibles with Chubb is aproximately .50 per $100 of coverage so a $50,000 collection will cost approx. $250 annually to insure. Chubb also offers the option to blanket the coverage as opposed to itemizing for those that move items in and out of their collection, and can't be bothered notifying the insurance company. I belive that when you ask for blanket coverage, the most that is paid on a single item is $5,000 so if you have items of more than $5,000 it's best to itemize them. You can add the coverage as a floater to your homeowners policy.

http://www.chubb.com/personal/collectors.jsp

Regards,

Dave

[RobSteinmetz]

Re: Insurance for your collection?

I use Collectors Insurance Agency for my personal collection and for my dealer inventory. They are very expensive, but they specialize in this area...which makes me feel more comfortable with them. I have heard that some homeowners policies DO NOT cover theft. Given the nature of this stuff and the fact that most people recognize it's value, I would make darn sure your policy covers theft.

[kneerat]

Insuring your collectibles

Hey guys,
If any of you who are thinking about insuring your sports memorabilia collection would like to talk to me for an article I am writing, please email me your phone number and the best time to call you.
I would appreciate your help.
Thanks,
chris

chris.nerat@fwpubs.com

[HENMICK44]

Re: Insuring your collectibles

I Just Got New Home Owners Insurance Through State Farm.the State Farm Agent Asked Me If I Had Any Collectibles Like Stamp Collection, Etc. I Told Her That I Had Baseball Cards,and Gamers.long Story Short I Was Able To Add My Collection Into My Home Owners Insurance And Insuring My Collection For Ten Thousand Dollars(even Though Its Worth Alot More). She Told Me If I Wanted To Insure It For A Higher Amount I Would Have To Itemize My Whole Collection Which Would Take For Ever.so Insurance Companies Do Have This Option.hope I Helped.

[justinwc80]

Insuring your collection, suggestions?

Now that my sports card, autographs, and game used items has grown I want to look into getting a policy for them. My insurance company USAA says they don't offer policies for sports collections (however they do stamps, guns, jewelry etc). Does anyone have a company they like, or suggestions? Thanks

[mvandor]

Re: Insuring your collection, suggestions?

Ask your home insurer about adding your collection to your policy, or an articles policy.

[xpress34]

Re: Insuring your collection, suggestions?

I'm actually working with my agent right now to do exactly that - Insure my collection.

I live in Colorado and different states have different Insurance rules, so check with you agent...

What I have to do is purchase a seperate policy with a declarations rider and the cost will depend on the Estimated Value of my Collection. Because I have been Incorporated in my State as a Memorabilia Company and with letters of recommendation from local shop owners and such, AmFam will accept my appraisals on my stuff - I don't have to go and pay someone to appraise it.

You can also use the Internet to verify your appraisals and such.

That said, I have been working for a while on an extensive Excel Spreadsheet with each item (Jersey, Bat, Hat, Card, etc) listed along with descriptions and identifiers and with PHOTOS imbeded in the spreadsheeet.

I have a great Homeowner's Policy and an Umbrella Policy, but in the Great State of Colorado, Collectibles have to be covered seperately.

All the best -

Chris

[mvandor]

Re: Insuring your collection, suggestions?

Ask your home insurer about adding your collection to your policy, or an articles policy.

Sorry, I rushed through your post. My insurer is State Farm via a separate Articles Policy, however, my home insurance is with them, not sure they'd cut just an Articles Policy.

[corsairs22]

Re: Insuring your collection, suggestions?

My collection is insured by CIA. Since I have never made a claim, I'm not sure how to rate their service, especially I am not a dealer but am but a collector. I would be interested to learn if anyone has any experience with them.

http://www.collectinsure.com/

[justinwc80]

Re: Insuring your collection, suggestions?

Wanted to bring this back and see if anyone else has had any experience with different companies.

[WadeInBmore]

Re: Insuring your collection, suggestions?

My collection is insured by CIA (collectibles insurance agency) as well. They are a pleasure to deal with and their price IMO is right...i believe its something like 220 for a they year for a $45000 policy or in that neighborhood. The people are really friendly and this is probably the easiest insurance policy I've ever obtained in my life (process that is). They cover theft, damage, etc. Highly recommend them.

HOWEVER, I've never had to file a claim (knock knock knock) so I guess I am only speaking on oneside of their service. I supplied them with a spread sheet of all my items in the house; that came recommended over time but was not needed immediately.

They understand collectibles and their values. Check em out

http://www.collectinsure.com/

wade

[jayt1234]

Try Chubb Insurance

You can get a quote for a valuable articles policy without any underlying coverage. Will be most likely the most expensive option (if they will write sports collections) but most home insurance policies limit scheduled items to jewelry, guns, silver, golf equipment, stamps, cameras, musical instruments and art work. If not Quaker Special Risk is also an option as they are a surplus lines company that will insure homes and risks standard carriers will not touch.

Jay