What constitutes "proof of ownership" for insurance purposes?

digicat

Would a CD full of scans of my cards be sufficient "proof of ownership"?

ElToroLoco

I'd go with a home video AND scans of your cards.

MULLINS5

<< <i>I'd go with a home video AND scans of your cards. >>



this is what my nationwide insurance agent wanted. still have the video, not the cards. hmmmmm j/k

flatfoot816

as a lawyer and collector let me weigh in.

A CD and pics are great but of course you must be able to establish purchase. Anyone can get pics of something and put it on a CD. Therefore you need to be able to establish proof of purchase of the items in the event that the insurance company wants to see it.

Paypal is an excellent way to show it. If you buy from an auction house and pay by check, ALWAYS keep proof of it by making a copy.

Proof of purchase and a picture of ownership= paid claim!

ElToroLoco

So a home video, scans and receipts.

Kneel

Yeah, definetly take a home video and make sure it is a nice clear camera. Also, I would video the newspaper for the day and maybe even turn on CNN and tape the date or current events and what not. This could help just in case they would say, oh, this could be taped in the 1970's At least you'll have some type of timeline and maybe you can refresh it every couple of years or so. Nice close up and clear scans will work too. I would put your signature down on a piece of paper in the background of the scan, this way you just validated every single card. The possibilities are endless....

wallst32

I'd ask your insurer; in this case their opinion/statement is the only one that matters. Keep in mind that many home owners policies do not cover collectibles. You need a special policy. One of the reasons is the insurer would need to raise the price for everyone to be able to cover a one of a kind type item.