Collection Insurance, who do you use?

okiedude · May 7, 2013 2:38AM

Just received a pamphlet in the mail today from Hugh Wood, Inc. offering Coin Collection Insurance, with endorsement/partnership with the ANA. I've been meaning to look into insurance for my collection since it's value merits it. Any thoughts on Hugh Wood, or what other options have people used?
Thanks in advance.
Blake

Frankcoins · May 7, 2013 2:46AM

<< Just received a pamphlet in the mail today from Hugh Wood, Inc. offering Coin Collection Insurance, with endorsement/partnership with the ANA. I've been meaning to look into insurance for my collection since it's value merits it. Any thoughts on Hugh Wood, or what other options have people used?
Thanks in advance.
Blake >>

Don't bother with anyone else. Even if you get a rider from a major company that covers coins, their adjusters know nothing about coins
and you likely will be unsatisfied should you ever suffer a loss.

dollarsandcents · May 7, 2013 2:48AM

Mine is insured as a rider on my homeowners insurance policy, along with my wife's jewerly, my watches, etc.

MidLifeCrisis · May 7, 2013 2:52AM

<< Mine is insured as a rider on my homeowners insurance policy, along with my wife's jewerly, my watches, etc. >>

Ditto...with USAA.

AnkurJ · May 7, 2013 2:58AM

I have never had a loss thankfully. But I use collect insure as I have a wide variety of collectibles.

DrPete · May 7, 2013 3:04AM

Hugh Wood is a good company. Do a search function on the Boards and you should find further discussions.

I like the fact that their rates seem reasonable and they expect the insured individuals to use prudence in preventing theft. If I am paying a lower premium because a company requires its insureds to use good safety, I like that a lot.

okiedude · May 7, 2013 3:07AM

<< 
Don't bother with anyone else. Even if you get a rider from a major company that covers coins, their adjusters know nothing about coins
and you likely will be unsatisfied should you ever suffer a loss. >>

This is what concerns me, at 6 figures, I don't want to have to explain what a slab is and why the MS 65 notation could be worth twice a MS 63 designation. My collector cars are insured with Hagerty, not Farmers.
I have a small budget safe right now, but have a Bear safe on order (made right here in Oklahoma, with a history of never having been successfully broken into in over 30 years). I hate the thought of an alarm system at my house, most of my valuable walk away stuff has been stolen years ago-sigh. Knock on wood, no break-ins since the early 80's.

lcoopie · May 7, 2013 3:11AM

Hugh for me

Classof67 · May 7, 2013 3:24AM

<< I have never had a loss thankfully. But I use collect insure as I have a wide variety of collectibles. >>

Same here.

AMRC · May 7, 2013 3:39AM

<< Mine is insured as a rider on my homeowners insurance policy, along with my wife's jewerly, my watches, etc. >>

You should call Hugh Wood. When I did a compare the rider on my Homeowners was much more expensive and did not cover things like shipping.

silverpop · May 7, 2013 4:06AM

Collection Insurance is one thing I don't have nor need

spare me the speeches and such I have my reasons

Timbuk3 · May 7, 2013 4:23AM

Thanks for the information !!!

ksammut · May 7, 2013 12:38PM

Hugh Wood for the last several years.

BAJJERFAN · May 7, 2013 12:40PM

Private sale. Sell the coins and no insurance needed.

GeorgeKellogg · May 7, 2013 10:43PM

I use Hugh Wood. I also like the fact that it's sponsored by the ANA. In fact, ANA membership is required for them to write a policy under the ANA plan.

messydesk · May 7, 2013 10:44PM

<< Hugh Wood for the last several years. >>

This

ricko · May 7, 2013 11:03PM

Professionally planned and implemented home security. Cheers, RickO

Flash · May 8, 2013 7:32AM

<< I use Hugh Wood. I also like the fact that it's sponsored by the ANA. In fact, ANA membership is required for them to write a policy under the ANA plan. >>

And if I don't want to join the ANA?

okiedude · May 8, 2013 8:18AM

<< 

<< I use Hugh Wood. I also like the fact that it's sponsored by the ANA. In fact, ANA membership is required for them to write a policy under the ANA plan. >>

And if I don't want to join the ANA? >>

It's pretty inexpensive and the Numismatist is a good read every month.

WingedLiberty1957 · May 8, 2013 8:32AM

For those that use Hugh Wood, Do you have to provide an itemized inventory list to HW each year?
Or do you simply insure a dollar amount under the broad category of Rare Coins or Bullion ?

JCMhouston · May 8, 2013 8:36AM

I use collectibles insurance agency.

Collection Insurance, who do you use?

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