Insurance

exodia

I finally got to the point that insuring my autograph collection is a requirement. I would like some board members input. Some upfront items:

1) My homeowners’ insurance company will not insure my collection. I have no plans to change companies.

2) I like to display my collection, so I do not plan on placing my collection in a safe.

I am looking at the Collectible Insurance Agency (CIA). The rates are fine. My only hang-up is the lack structure in the process.

For example I have developed a spreadsheet for my autographs indicating my purchase price and the current market value. This helped me determine my insurance amount. I asked CIA if they wanted this sheet, they said no. I also have scans of most of my autographs; they did not want the scans.

Does anybody that uses them ever have an issue proving you own the items that you are claiming you lost?

Also what happens if you pull a card worth $1000.00 out of pack? There is no eBay receipt to prove you purchased the card.
Also applies to in person signings


In fact you can sell you part of your collection and then claim to have lost autographs in burglary?

I may be missing something, but I am worried about insurance that relies on the honor system will provide no monetary protection if I need it. Please tell me why I am wrong.

Thanks


Tom

storm888

They have been around quite a while.

I used them for a couple of years when I was a "traveling dealer,"
but never had any claims.

Lots of stamp and coin dealers have used them for a long time.

Just document all of your items with "personalized" photos and
as much paper work as you can.

I have no info on their claims-paying history. But, given how long
they have been around, they must be fairly ok.

Your home-owners insurance might let you get a rider for "special
home decor items." If you are displaying the stuff, it might qualify as
"home decor." Probably more expensive than CIA, but might be more
"comfortable" for you.

You could also self-insure with a special annuity or a similar product.
Your bank, broker or insurance company might be able to suggest
such a product. You would be bearing a lot of the "risk," but you
would also end up with a big pile of cash if there were few/no losses.

storm

lawnmowerman

kingraider75

Love the AFLAC commercials!