Collectibles insurance

[ctcardexchange]

Does anyone know of any companies that will insure collectibles? In particular, trading cards

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[IronCladLou]

Probably under a High Net Worth policy.

Reach out (to anyone) and see what they offer

[smanzari]

https://collectinsure.com/

[Jblaw1]

Try Chubb. They have written policies in the past and can do a set limit rather than rewriting the policy every time you buy or sell a card.

[wharfrat7624]

https://collectinsure.com/


I second www.collectinsure.com


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[SupermanBrandon]

Collectinsure is the answer. DO NOT use your homeowners policy thru State Farm (or whomever you have). Use a company that deals in collectibles. A company that understands your collections. Your homeowners insurance company, does not get it!

[wiper]

Collectinsure is the answer. DO NOT use your homeowners policy thru State Farm (or whomever you have). Use a company that deals in collectibles. A company that understands your collections. Your homeowners insurance company, does not get it!


they probably do, it’s just beneficial to pretend they don’t.

[IronCladLou]

Collectinsure is the answer. DO NOT use your homeowners policy thru State Farm (or whomever you have). Use a company that deals in collectibles. A company that understands your collections. Your homeowners insurance company, does not get it!

Depends on the broker/underwriter.

I could adjust a card collection with minimal knowledge of cards. I'd just outsource an expert and charge the insurer.

[SupermanBrandon]

Depends on the broker/underwriter.

I could adjust a card collection with minimal knowledge of cards. I'd just outsource an expert and charge the insurer.


Good luck with that lol
You’re going to trust people that don’t understand your valuables to they take those extra steps when something happens to your priceless collectibles? I’ll trust the insurance company that handles collectibles for a living and is their entire business model.


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[IronCladLou]

Good luck with that lol
You’re going to trust people that don’t understand your valuables to they take those extra steps when something happens to your priceless collectibles? I’ll trust the insurance company that handles collectibles for a living and is their entire business model.


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You pay experts to provide the opinion on values. They understand the valuables. You pay less through premiums.

[Archimedes]

https://collectinsure.com/

I second www.collectinsure.com


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Collectinsure is the answer. DO NOT use your homeowners policy thru State Farm (or whomever you have). Use a company that deals in collectibles. A company that understands your collections. Your homeowners insurance company, does not get it!

Yes, collectinsure.

[asujbl]

Collectinsure is the answer. DO NOT use your homeowners policy thru State Farm (or whomever you have). Use a company that deals in collectibles. A company that understands your collections. Your homeowners insurance company, does not get it!

Disagree completely

Go sit down with your agent. That’s the key

I am well insured via my homeowners policy because I sit down with her quarterly and update my PC schedule

If you put forth some effort and communicate you’ll be fine

[rats60]

Disagree completely

Go sit down with your agent. That’s the key

I am well insured via my homeowners policy because I sit down with her quarterly and update my PC schedule

If you put forth some effort and communicate you’ll be fine

If it works for you, fine. I started out with my insurance company until the value started rising. I decided to go with someone who specialized in collectibles and saved money. I came across Collectinsure and they give the best rates and have a good history of paying out claims. They are set up a the National.

[asujbl]

If it works for you, fine. I started out with my insurance company until the value started rising. I decided to go with someone who specialized in collectibles and saved money. I came across Collectinsure and they give the best rates and have a good history of paying out claims. They are set up a the National.

Which is fine - I have no issue with Collectinsure - It absolutely works

I have a problem with simply emailing or calling your home insurance and trying to explain cards to them

Be prepared and go meet with them

My particular collection, which I realize is easier to quantify, is all on the PSA registry. I can run an APR report every quarter and I go and sit with my agent for 20 minutes

Homeowners insurance will absolutely cover you if you handle it correctly. I'm not commenting on rates.

So will Collectinsure. Not debating that.

[worldtravel00]

I second www.collectinsure.com


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1) What's their average insurance cost for $10k per trading card value?
2)What happens if the value rises dramatically or drops?
3) Do you have to list all cards that need to be insured?
4) Also is it cheaper to have trading cards stored at home or another locations ( storage)?
5) Does it cover shipping to grading companies or ebay buyers?

Trying to figure out what would be cost to insure my cards. Thanks.

[dantheman514]

1) What's their average insurance cost for $10k per trading card value?
2)What happens if the value rises dramatically or drops?
3) Do you have to list all cards that need to be insured?
4) Also is it cheaper to have trading cards stored at home or another locations ( storage)?
5) Does it cover shipping to grading companies or ebay buyers?

Trying to figure out what would be cost to insure my cards. Thanks.

You can start here: https://collectinsure.com/sports-card-insurance/

I would recommend contacting them directly to answer any other questions you have.

[auburn35]

As a new case, there's only one side of the story presented, but thought this might be an interesting case to follow. Deals with an alleged home theft (cards stolen from locked safe) of a multiple million dollar collection and a denied claim from the insurance company.

https://x.com/Paul_Lesko/status/1802324607837352270

https://pbs.twimg.com/media/GQMhBWhW0AA2Mf9?format=png&name=small

[towerymt]

As a new case, there's only one side of the story presented, but thought this might be an interesting case to follow. Deals with an alleged home theft (cards stolen from locked safe) of a multiple million dollar collection and a denied claim from the insurance company.

https://x.com/Paul_Lesko/status/1802324607837352270


"The policy's annual premium was $5,942 (which later increased to $6,339) and was renewed on two occasions with the final coverage limit being $2,650,000."

$528.25 per month to insure 2.65mil in value. For those who were wondering what it costs to insure a collection of that value.

Interesting that an insurance company may issue a policy knowing that they can deny it later on any basis mentioned in this case (not authentic, not valuable, or even not stolen). Case seems to argue the ins. company didn't have these concerns and didn't ask for proof at the time of issuing the policy....ah, but that's the genius of being an insurance company. :D

(#53 here: https://trellis.law/doc/210883959/summons-complaint )

I confirmed "find in page" works on that document preview and the word "police" does not appear...as in police report, called the police, etc.

Locked safe, no sign of break in, yet they were stolen. :coffee:

[JRX]

Paying for insurance is one thing. Collecting on a claim is completely different.

[stevenab87]

As someone who owns an insurance brokerage, I do not recommend using your home insurance. Use collectinsure.com.

[BeardedVol]

You can start here: https://collectinsure.com/sports-card-insurance/

I would recommend contacting them directly to answer any other questions you have.

do they cover loss because of a tornado or fire ?

[JustRachel]

Good luck with that lol
You’re going to trust people that don’t understand your valuables to they take those extra steps when something happens to your priceless collectibles? I’ll trust the insurance company that handles collectibles for a living and is their entire business model.

You understand that if anything happens, you're likely going to have to sue them to get your money? They're an insurance company. They have lots of lawyers.

[JRX]

You understand that if anything happens, you're likely going to have to sue them to get your money? They're an insurance company. They have lots of lawyers.

Insurance companies collect premiums, they don't pay claims lol.

[anusinha]

Has anyone actually had to use collectinsure to collect a claim?

[SidVish]

Insurance companies collect premiums, they don't pay claims lol.It really is the biggest scam going.

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[Bcr]

Has anyone actually had to use collectinsure to collect a claim?

That is the question isn't it...

Lots of recommendations with no proof so far

[JWBlue]

Another reason to use Collectinsure is they cover losses when mailing cards.

[JWBlue]

Reviews.. Mostly positive.

https://boards.cgccomics.com/topic/430108-collectible-insurance-services-review/page/2/#comments

[mfw13]

Reviews.. Mostly positive.

https://boards.cgccomics.com/topic/430108-collectible-insurance-services-review/page/2/#comments

Last post was 3+ years ago....a lot can change in that time.....

[FTLFTL]

My collection is insured through Chubb. The key is to not use one of the cheap ones who advertise on television. I once spent six months grinding State Farm into smithereens when they didn't pay a claim, and I ended up getting attorneys fees for my own time as a way for them to stop me from filing a lawsuit.

[JWBlue]

Collectibles Insurance Group is underwritten by Global Indemnity Group, LLC which is a publicly traded company.

FWIW.

https://finance.yahoo.com/quote/GBLI/

[asujbl]

Collectibles Insurance Group is underwritten by Global Indemnity Group, LLC which is a publicly traded company.

FWIW.

https://finance.yahoo.com/quote/GBLI/

Not worth much

[JohnnyHatesJazz]

In business for 58 years. Accredited with BBB with an A+ rating.

I used them when I used to have high end cards.

[here2havefun]

Has anyone actually had to use collectinsure to collect a claim?

I have, I sold an Ohtani card in 2021 on Ebay for $759. Shipped it USPS, tracking said it was delivered. Buyer claimed he never got the package. I didn't believe him, but the buyer actually got USPS to admit in writing that they delivered the package to the wrong address, and it was unrecoverable. I refunded his money thru Ebay. I then opened a claim with CollectInsure, explained the whole situation to them, provided as many details as possible. They took 1-2 days to review the info, and then cut me a check.

Whole process was way smoother than I would have guessed. I assume for anything over a few grand, the process is tougher.

[JWBlue]

Is there such thing as an insurance company that isn't frequently difficult when paying out?

I have read enough good about CIG that they are as good (or as bad if preferred) as any.

[tyrith]

Is there such thing as an insurance company that isn't frequently difficult when paying out?

I have read enough good about CIG that they are as good (or as bad if preferred) as any.

No, there's not. Any company that was easy to deal with would be up to their ears in fraudulent claims.

[auburn35]

Some addtional updates, including some fun discussion relating to the insurance companies "expert".

https://x.com/Paul_Lesko/status/1826716538705260943

https://pbs.twimg.com/media/GVnN9rqWIAAegqK?format=png&name=small

https://pbs.twimg.com/media/GVnPp0MWEAE6ts1?format=png&name=small

https://pbs.twimg.com/media/GVnQnLnWoAADHj7?format=png&name=small

https://pbs.twimg.com/media/GVnREAAXEAA6LzY?format=png&name=small

https://pbs.twimg.com/media/GVnRfFhXEAApu2W?format=png&name=small

[Vintage Collector]

As the owner of collectinsure.com, I would recommend that you use collectinsure.com.

disclosure: I am not really the owner of collectinsure.com. :)

[Nester99]

Some addtional updates, including some fun discussion relating to the insurance companies "expert".

https://x.com/Paul_Lesko/status/1826716538705260943

https://pbs.twimg.com/media/GVnN9rqWIAAegqK?format=png&name=small

https://pbs.twimg.com/media/GVnPp0MWEAE6ts1?format=png&name=small

https://pbs.twimg.com/media/GVnQnLnWoAADHj7?format=png&name=small

https://pbs.twimg.com/media/GVnREAAXEAA6LzY?format=png&name=small

https://pbs.twimg.com/media/GVnRfFhXEAApu2W?format=png&name=small


Savage but also awesome !



Canadians! Check out Intact home owners insurance with your insurance broker. They now have a $50k package limit available for spots cards.

It’s a start

[dodgerfanjohn]

Just reading the moving papers.... I think the attorney or paralegal that was writing that was just having a blast.