Collectiibles Insurance
hockeycrazy
Posts: 309 ✭✭
Hi all,
Although talked about off and on in general, I had a question regarding a sports card insurance policy.
I am about to pull the trigger on collectible insurance from Collectinsure.com. I opted for this company based on several favorable reviews here over the years.
Upon reviewing my policy, I noticed there is a section in the policy indicating that my policy will be placed with an insurance company not licensed to do business in my state, and therefore, not a part of my states insolvent fund or rules and regulations BUT approved as a surplus lines insurer.
I think I get the whole surplus lines insurer deal but wanted to know if anyone else using Collect Insure encountered the same caveat in their policy. Is it a general statement or specific to where I live?
It appears the Collectibles Insurance will still be the agent/broker.
Thanks in advance,
Dave
Although talked about off and on in general, I had a question regarding a sports card insurance policy.
I am about to pull the trigger on collectible insurance from Collectinsure.com. I opted for this company based on several favorable reviews here over the years.
Upon reviewing my policy, I noticed there is a section in the policy indicating that my policy will be placed with an insurance company not licensed to do business in my state, and therefore, not a part of my states insolvent fund or rules and regulations BUT approved as a surplus lines insurer.
I think I get the whole surplus lines insurer deal but wanted to know if anyone else using Collect Insure encountered the same caveat in their policy. Is it a general statement or specific to where I live?
It appears the Collectibles Insurance will still be the agent/broker.
Thanks in advance,
Dave
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