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Looking for info on ANA collection insurance

BarryBarry Posts: 10,100 ✭✭✭
in U.S. Coin Forum
I recently joined the ANA and received a letter from Hugh Wood Inc. about their collection insurance.

I reviewed the archives and from what I can tell, this company is relatively new to the ANA. Two things I notice right off the bat is they don't provide any premium info until you submit an application, and they don't provide a business reply envelope (I know, it's petty, but it seems unusual that they wouldn't supply one when soliciting business).

Can anybody comment on their experiences with Hugh Wood?
What are the premiums?

Should I even bother considering insurance? I've never insured my collection in the past.

Comments

  • SteveSteve Posts: 3,312 ✭✭✭
    Barry,
    I had the same concern about Hugh Woods initially. This is their first year replacing Marsh Seabury & Smith, Their rates are less expensive and the policy is very clear. I have the GOLD coverage of $25,000 for $213 per year. You can call them at 1-888-277-6494 or do what I did. Send them an EMAIL at ANA@hughwood.com. They will respond with all the details you want.
    Steveimage
    My True View Album

    My Complete PROOF Lincoln Cent with Major Varieties(1909-2015)Set Registry
  • hyperizerhyperizer Posts: 130
    I just joined too and mine had a reply envelope.
  • BarryBarry Posts: 10,100 ✭✭✭
    ttt
  • 291fifth291fifth Posts: 24,717 ✭✭✭✭✭
    Has anyone out there ever filed a claim while this new company was handling the ANA insurance? What happened?

    In all the years I have been collecting I don't personally know of a single person who has ever filed a claim under the ANA insurance with this company or any other.

    All glory is fleeting.
  • merz2merz2 Posts: 2,474 ✭
    Do you have to be an ANA member to get coverage ?
    Don
    Registry 1909-1958 Proof Lincolns
  • airplanenutairplanenut Posts: 22,417 ✭✭✭✭✭


    << <i>Do you have to be an ANA member to get coverage ? >>

    yeah
    JK Coin Photography - eBay Consignments | High Quality Photos | LOW Prices | 20% of Consignment Proceeds Go to Pancreatic Cancer Research
  • BubbleheadBubblehead Posts: 1,621 ✭✭✭
    Kinda OT, in a way... (not ANA related)
    But-I have a rider on my Farmer's homeowner's, that's a lot cheaper.
    50K @ $312 a year... No hassle, no inventories req'd..image
  • Proof69EaglesProof69Eagles Posts: 333
    I have checked around, just last month, and it is cheaper just to do a rider on your homeowner's policy, and it does contain replacement cost insurance coverage. Runs about $20 a month on 25k, I think I was quoted $31 or so for 50k insurance. This was thru Traveler's.
  • 100proof1957100proof1957 Posts: 6,231 ✭
    was gonna tell you check with your homeowners carrier as well.
    i believe i have 3500 automatic,no questions.
    But if i keep going im gonna have to make a phone call !

    Proof
    image
  • jbstevenjbsteven Posts: 6,178 ✭
    State Farm does not offer coverage for Coins.
  • merz2merz2 Posts: 2,474 ✭
    Nationwide does on my Homeowners Policy.I may have to up mine too.
    Don
    Registry 1909-1958 Proof Lincolns
  • BarryBarry Posts: 10,100 ✭✭✭
    State Farm offers a Personal Articles policy for stuff over the limits of what Homeowner's covers (jewelry, furs, etc.), plus things that Homeowner's doesn't cover. They will cover coins in this policy.

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