bldrhouse Posted December 11, 2019 Share #1 Posted December 11, 2019 Don't know where to post this, so please move if another forum better. Where and how do you insure your collection? Through your regular insurance agent? A specialized insurance company? thank you. z Link to comment Share on other sites More sharing options...
CNY Militaria Posted December 11, 2019 Share #2 Posted December 11, 2019 Best in the business, lots of militaria collectors use them and they set up at the SOS to talk directly. https://collectinsure.com Link to comment Share on other sites More sharing options...
Bluehawk Posted December 11, 2019 Share #3 Posted December 11, 2019 Having spent decades in the museum profession, dealing with insurance for multi-millions in artifact monetary value, and having served as an expert witness in court regarding loss claims, the following is respectfully offered: 1. Only insure what you cannot afford to lose. 2. There are 2 kinds of policies - i.e. "Scheduled" (inventoried) and "Blanket" (bundled). Blanket policies tend to cost more or cover less.3. Premiums are based upon "risk exposure" and "appraised value" 4. There are 3 values for every artifact, each of which can be the same or different: > Appraised (i.e. an estimate of value based upon comparable artifacts) > Purchase price (i.e. equates with what is called "cash basis" the amount actually spent to acquire the object) > Fair market (i.e. the price an equivalent object has sold for within the most recent 3 year period) 5. Brokers and insurers are motivated to set premiums as high as possible. 6. "Dedicated policy" coverage, i.e. designed solely to cover artifacts, is usually more expensive than coverage under a homeowner's policy, whether scheduled or blanket in form. 7. Self-insurance is normally far less expensive and ultimately just as effective.For what it may be worth... Link to comment Share on other sites More sharing options...
bldrhouse Posted December 11, 2019 Author Share #4 Posted December 11, 2019 Thank you; have yet to contact my own insurance broker, but will do. z Link to comment Share on other sites More sharing options...
bldrhouse Posted January 3, 2020 Author Share #5 Posted January 3, 2020 My advice: go with Collectibles Insurance Agency. They don't require an appraisal and the prices are reasonable. I have had their insurance for about 13 years now, and they are MUCH better than trying to work with my standard insurance carrier. Their website: http://www.collectinsure.com/ First, thanks to Dave, above, for his professional experience and advice. My Homeowner's insurance also suggested Collectibles Insurance Agency Who has any experience with claims to them? Seems they are quite relaxed about valuation; while I have absolutely clear documentation of all my items, including photos, I am always skeptical about insurance companies' policies on claims settlements, and even more so on things like ephemera. Thanks again. z Link to comment Share on other sites More sharing options...
CNY Militaria Posted January 3, 2020 Share #6 Posted January 3, 2020 I have made two claims with Collectibles Insurance, both related to their postal coverage on lost/damaged items. Easiest and fastest insurance claims I have ever had to make. No hassles whatsoever. Link to comment Share on other sites More sharing options...
bldrhouse Posted January 3, 2020 Author Share #7 Posted January 3, 2020 Two questions more: has anyone used this broker: https://www.artinsurancenow.com/ to find coverage? have you been denied coverage because of other types of claims (auto accident, house damage claims)? z Link to comment Share on other sites More sharing options...
dskjl Posted January 4, 2020 Share #8 Posted January 4, 2020 I guess I got lucky, my homeowners allowed me to cover my collection under our umbrella policy, we have replacement value, and very reasonable premium. Link to comment Share on other sites More sharing options...
Navybean Posted January 4, 2020 Share #9 Posted January 4, 2020 I use Chubb Group insurance. Specialize in insurance on collections Link to comment Share on other sites More sharing options...
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