ANA COIN INSURANCE THRU HUGH WOODS, INC

Steve

I recently got a quote from the ANA's new insurance company. It is SIGNIFICANTLY less than the old company's premium. I'm wondering if anyone else has received quotes yet and if they are finding a significantly lower cost. They did not send a copy of the policy, saying they want the money first. I plan to call them, but I wonder what your experience with them has been. Thanks, Steve

Wondo

Steve,

I just got my ANA membership. The price quoted in the brochure was .50 per $1000 for coins kept in a bank safety deposit box and $1 per $1000 coins kept at home.

uofa1285

Can anyone send me the info for the new ANA company? I lost mine!

Thanks, Doug

kranky

Here's the link.

uofa1285

<< <i>Here's the link. >>



Thanks KRANKY!

Steve

kranky, thanks for the link. I went to the ANA web site and , naturally, there was nothing there about the ANA insurance that pops up on the front page. Let us hope that as the year goes by the people at ANA start to put information in a way that people can find it. Their web site is like the annual index in the Numismatist. Organized in such a way that you have to check the whole index to find the subject matter you want to read. Steve

ms70

My policy just came in the mail today. It was substantially less than the old company by more than half! They also asked me when I wanted
the coverage to start so it could pick up the day the old policy expired. They seem a little more formal than the old company. The old company
gave you a simple one page policy. Hugh Wood gave me a 5 or 6 page policy binded together. What's covered is simply outlined but what
is not covered is greatly detailed. Things such as loosing your collection due to illegal activities, and so on & so forth. I guess if you're a drug
dealer & buy coins with the proceeds, then have them confiscated by the police when you're caught, you're not covered! I'm just worried about
fire & theft so this policy is good for me. And priced right!

roadrunner

That looks like a damn good price to me. Last time I checked into insurance at the vault it ran much more than this. This almost seems frugal. $50 for $100,000. Not bad at all. Where do I sign?

roadrunner

canadiancoinguy

Interesting. I think the rate is higher for Hugh Woods via CNA.

Robgetty

That is alot better than the last time I looked into it. Before it wasn't cost effective in my opinion.

jesbroken

What does Hugh Woods Insurance allow for value assurance? Do they use PCGS values, NGC values, or last year auction results and what about raw coins? Just wondering what the basis for value that they use. Could be a very important issue after the fact.
Jim

logger7

I found Ship and Insure a royal pain having to enter all salient details on every shipment by midnight. Hugh Wood quotes a few hundred for relatively small fry like myself.

Jcld

@kranky said:
Here's the link.

That link doesn't work for me, is the site down?

Ronyahski

I read the first few posts and my heart skipped a beat. These insurance rates are a third of what I pay.

Then I realized that the posts are 15 years old.

Jcld

@Ronyahski said:
I read the first few posts and my heart skipped a beat. These insurance rates are a third of what I pay.

Then I realized that the posts are 15 years old.

DOH!

skier07

Do they still offer this? Links?

ShadyDave

Yes the rates are still approximately the same as noted above.

@jesbroken you should talk to the Hugh Woods people for specifics and to confirm for yourself. Im my personal experience I can buy XXX amount of coverage for my collection. I don't have to get my collection appraised or valued by anyone and don't have to provide them with a list of coins I own as long as their individual value is under $5,000 each. Up to 25% of the total coverage can be for bullion too. I keep my own list of values, cert numbers, costs and estimated values etc.

I posted this IMGUR picture link a few years ago showing what the form for coverage from Hugh Woods through the ANA looks like. @skier07 @Ronyahski this may be helpful to see the different tiers. Again, to be VERY clear these forms are from 4/2016 so there may be some changes and updates to the forms and coverage provided.

https://imgur.com/a/iJmwx#icVhjTz

Jcld

This is the current link http://hughwood.com/specialties/fine-arts-collectibles/