Insurance for your collection?

[justinwc80]

Re: Insurance for your collection?

Doug,
What is Chubb, collectinsure is the only collection company i've seen, does anyone use another company? I have USAA and they don't have a collectibles policy, but they cover coins and I think stamps so I'm not sure what the difference is.

[stitzerfse]

Re: Insurance for your collection?

Again, collectinsure is NOT an insurance company. They are a broker that finds an insurance company to write a policy for the coverage you're requesting. They are holding zero risk here. Collectinsure is playing to the niche crowd needing memorabilia insurance as they know how difficult it is to find. They may very well have sound insurance providers underwriting the policies, but its a red flag to not advertise who or give clients the option to select from choices (back to not all companies being created equal).

Chubb is a very large insurance company here in the US and can be reviewed at www.chubb.com . They're one of the largest 400 companies in the US and hold the highest insurance ratings. With such a huge capital base, they can afford to take on all types of risks at competitive prices.

On Chubb's web site if you to to Personal and then Products you'll see that they have an option for valuable articles. Sports memorabilia is included with this. Find an agent close to you and you're off and running.

Sorry for the long winded response, but hopefully this info is helpful. Whether you go with Chubb or one of their competitors, its important to know who exactly you're paying to protect your investment.

Doug

[jgoldstein2000]

Re: Insurance for your collection?

Thanks Doug!

[bradleysupplies]

Re: Insurance for your collection?

Again, collectinsure is NOT an insurance company. They are a broker that finds an insurance company to write a policy for the coverage you're requesting. They are holding zero risk here. Collectinsure is playing to the niche crowd needing memorabilia insurance as they know how difficult it is to find. They may very well have sound insurance providers underwriting the policies, but its a red flag to not advertise who or give clients the option to select from choices (back to not all companies being created equal).

Doug

Doug -

I have been a customer of the Collectible Insurance Agency for about 10 years now. Thankfully I have never had to file a claim, so I cannot speak to how good I am really covered, but I did a lot of research on them back before purchasing my policy. They had a perfect rating with the BBB and many positive reviews and referrals.

At that time, they did advertise that their policy was through Hartford, and it was for many years. I believe about 3 years ago, they changed their master policy, and now they go through Lloyds of London. I don't think this is any secret, as I got a letter when I renewed specifically stating reasons why they made the switch.

Joel

[justinwc80]

Re: Insurance for your collection?

Wanted to revive this thread and see if anyone has made a claim with collectinsure, also how do they value your collection, do you submit your values yourself? Any other reputable companies anyone uses?

[gnishiyama]

Re: Insurance for your collection?

Funny how this topic happen to come up again today.
My wife spoke with collectinsure yesterday and they told us
they were backed by United National which is a very reputable company.

I too am seriously considering insuring my collection and business
inventory but my quote was quite costly but then again I have
not inquired elsewhere. I have been looking for a company that
specializes in this stuff because as someone mentioned I don't
need to get into it with an adjuster over the difference between
a game used jersey and an authentic retail jersey where pricing
is very subjective. God forbid something happens I would just be
looking for a full refund of my purchase price backed by insurance
rather than a replacement cost.

Any input would be appreciated as well.

Goh

[paul457]

Re: Insurance for your collection?

Reviving an old thread...

I see a lot of talk about which insurance agency to use, but I work for and have insurance through my company. Any collectibles have to be scheduled with an appraisal.

Does any have a recommendation on shops / dealers who can give an appraisal on GU / GI / autographed items without having to send stuff to them?

Seems like a lot of hassle to get insurance, but my company will not take pictures and a reciept for coverage.

[vonbrandingo]

Re: Insurance for your collection?

Reviving an old thread...

I see a lot of talk about which insurance agency to use, but I work for and have insurance through my company. Any collectibles have to be scheduled with an appraisal.

Does any have a recommendation on shops / dealers who can give an appraisal on GU / GI / autographed items without having to send stuff to them?

Seems like a lot of hassle to get insurance, but my company will not take pictures and a reciept for coverage.

Check with John Taube of JT Sports (info @ gameusedbats.com). He is definately knowledgeable enough to appraise bats and would likely know others who can fairly appraise items outside of his expertise.