Collectors insurance thoughts...
akuracy503
Posts: 1,923 ✭✭✭
I thought i'd engage over the phone with the "collectors insure" company prior to moving forward with any decision.
They were able to answer all my questions however it was a very one way Q&A, thank you and hang up call.
I did not walk away with a warm and fuzzy feeling from the underwriter I spoke with, any thoughts or prior experience with collectors insurance?
How many of you have opted to go with your current home insurers (if they offer collectible insurance).
Unfortunately Allstate does not cover collectibles in my case.
From what I understand with this company collectors insure, you will need to provide photographs/scans and an itemized listing for any claims, any 1 item over $5k in value will need to be disclosed to the insurer's at time of purchase and at the initial sign up of your policy.
Ultimately I'd like a checklist of items I need in order to %100 guarantee that I can submit a claim in case of a loss without any risk.
Photo's, running inventory list, receipts from purchases....am I missing anything else?
What I am unclear of is how do you establish proof of ownership, beyond the very obvious photo's and self written inventory list, It just seems very unclear and risky.
I apologize for the long winded question...
They were able to answer all my questions however it was a very one way Q&A, thank you and hang up call.
I did not walk away with a warm and fuzzy feeling from the underwriter I spoke with, any thoughts or prior experience with collectors insurance?
How many of you have opted to go with your current home insurers (if they offer collectible insurance).
Unfortunately Allstate does not cover collectibles in my case.
From what I understand with this company collectors insure, you will need to provide photographs/scans and an itemized listing for any claims, any 1 item over $5k in value will need to be disclosed to the insurer's at time of purchase and at the initial sign up of your policy.
Ultimately I'd like a checklist of items I need in order to %100 guarantee that I can submit a claim in case of a loss without any risk.
Photo's, running inventory list, receipts from purchases....am I missing anything else?
What I am unclear of is how do you establish proof of ownership, beyond the very obvious photo's and self written inventory list, It just seems very unclear and risky.
I apologize for the long winded question...
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All small items are stored at the deposit box at the bank.
I'd feel better having an actual insurance policy and keeping everything at home in gun safe.
I forgot to mention that collectors insure will also act as my insurance policy for firearms I store at home in my safe.
It just seems like a unclear process of what needs to be documented.
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collectinsure
I have not heard any horror stories.
Premiums are cheap and they pay legit claims.
............
Hidden - concrete encased - safes are the best insurance.
"...It just seems like a unclear process of what needs to be documented...."
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Just make a list and take some pics.
http://www.net54baseball.com/showthread.php?t=118262
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I"ve never had to provide a list or photos. I have 70k in coverage and they've never asked for anything
to clarify my policy is with collectibles insurance agency out of Maryland, not collect insure