Best insurance provider used for your cards?

jbscott56 · 07-09-2021, 10:51 AM

Looking to insure some of my more expensive cards and wondering if any of you recommend specific insurance companies. Thank you!

-Joel

WizardofOz1982 · 07-09-2021, 11:53 AM

I just have a separate rider through Allstate who has my home insurance.

SupermanBrandon · 07-09-2021, 11:54 AM

CIS! https://collectinsure.com/

Do NOT use your homeowners policy. State Farm (and all the others) have zero clue what your collection is worth, why it's worth that, and what it means. That's a disaster just waiting to happen. Pay for actual collectibles insurance thru a collectibles insurance company.

jbscott56 · 07-09-2021, 12:06 PM

Thank you both!

Anejo · 07-09-2021, 12:35 PM

I also use CIS above, hassle free and fair pricing in my opinion so far. Someone recommended on a post last year. My homeowner's policy would not insure collectibles.

DaBaddestHic · 07-09-2021, 12:51 PM

I'm glad you asked this question OP, because I've been meaning to get some better insurance for my cards as well. One of the things that was holding me back was having to provide proof of value, but it looks like CIS handles this well, at least once I get everything inventoried correctly. Which, is mostly already done at least for my sealed was and Delgado cards.

asujbl · 07-09-2021, 01:11 PM

Quote:

Originally Posted by SupermanBrandon

CIS! https://collectinsure.com/

Do NOT use your homeowners policy. State Farm (and all the others) have zero clue what your collection is worth, why it's worth that, and what it means. That's a disaster just waiting to happen. Pay for actual collectibles insurance thru a collectibles insurance company.

Couldn't disagree more.

I send a quarterly spreadsheet update with value fluctuations on my PC and my agents is well aware of how it all works

You just need to sit down with them and take the time to explain it

Your homeowners policy will absolutely cover you if you stay in communication with your agent.

I've had to use it before.

I also use Allstate as the other person posted above. It's very easy with them.

soey10 · 07-09-2021, 01:17 PM

Very good topic. Would any of you mind telling me how much the insurance is?

WizardofOz1982 · 07-09-2021, 01:37 PM

Quote:

Originally Posted by asujbl

Couldn't disagree more.

I send a quarterly spreadsheet update with value fluctuations on my PC and my agents is well aware of how it all works

You just need to sit down with them and take the time to explain it

Your homeowners policy will absolutely cover you if you stay in communication with your agent.

I've had to use it before.

I also use Allstate as the other person posted above. It's very easy with them.

Exactly. It's all about doing your due diligence. As long as you've got a well organized collection, inventory, and good market valuations you're fine.

KD35Russ0 · 07-09-2021, 02:24 PM

https://wax.insure/

This is new(er), but the best in my opinion. They specialize specifically on high end and don't just stop at cards. Watches, collectible cars, etc...wax will take care of it

Stack · 11-10-2021, 04:41 PM

Quote:

Originally Posted by KD35Russ0

https://wax.insure/

This is new(er), but the best in my opinion. They specialize specifically on high end and don't just stop at cards. Watches, collectible cars, etc...wax will take care of it

I use them as well because of the watches and jewelry aspect of it which is another thing I collect.

panamamyers · 11-10-2021, 06:00 PM

I always see these threads but never hear from anyone that has had a claim.

bear0555 · 11-10-2021, 06:23 PM

I didn't know State Farm covered me for $2500 on my homeowners. What I lost was worth far more, but I had no issues collecting the money. Had to submit a list of cards. I think there's a $1000 deductible too, but the loss was enough that it didn't really matter. I also had receipts for almost everything, but I don't recall having to submit any receipts.

bedf78 · 11-10-2021, 07:10 PM

Quote:

Originally Posted by SupermanBrandon

CIS! https://collectinsure.com/

Do NOT use your homeowners policy. State Farm (and all the others) have zero clue what your collection is worth, why it's worth that, and what it means. That's a disaster just waiting to happen. Pay for actual collectibles insurance thru a collectibles insurance company.

This. Very happy with CIS and their price was 1/4 the quote I got for a rider on my homeowners policy.

Jblaw1 · 11-10-2021, 09:51 PM

Quote:

Originally Posted by panamamyers

I always see these threads but never hear from anyone that has had a claim.

I have a rider through Chubb and had a claim probably 5-6 years ago and it was very smooth. Part of a larger claim but they were very easy to deal with and gave me zero issues.

here2havefun · 11-10-2021, 10:17 PM

I use CIS and have been very happy. Sold a $750 card on ebay that was lost in the mail, had to issue a full refund to the buyer. I opened a claim on the card with CIS, was compensated in full with surprisingly little hassle.

Basketball B · 11-11-2021, 11:17 AM

Wow. I'm surprised they covered, for something lost in the mail. Especially when the mail services all ask if you want insurance (which is something I wondered about, when recently sending a lot of high end cards in the mail)

jmsodpc · 11-11-2021, 01:20 PM

I also use collect Insure but never made a claim

here2havefun · 11-11-2021, 01:36 PM

Quote:

Originally Posted by Basketball B

Wow. I'm surprised they covered, for something lost in the mail. Especially when the mail services all ask if you want insurance (which is something I wondered about, when recently sending a lot of high end cards in the mail)

Yeah they cover USPS and Fedex shipments as long as you shipped with signature required. It's nice, I never have to worry about buying the carrier insurance on higher dollar items.

BigRick · 11-11-2021, 02:33 PM

I use Valuable Articles Insurance through Chubb to cover my collectibles, watches, and wine. Fantastic to deal with and fair premiums.

stevenab87 · 11-11-2021, 02:36 PM

Quote:

Originally Posted by soey10

Very good topic. Would any of you mind telling me how much the insurance is?

Generally will be around 0.5% of your collection value.

Univibes · 11-11-2021, 02:59 PM

2 large German Sheppards will suffice. Consider it an umbrella policy because nothing under their care will be touched without your approval.

bravesfan#1 · 11-11-2021, 03:28 PM

I have insurance via CIS to protect my personal collection and show inventory. Insurance for cards/wax/memorabilia taken to shows is a bit more expensive than insurance for your PC when it stays locked up in your home. I've had no claims with CIS yet but would highly advise to never rely on USPS insurance. I had a ~$5K package shipped to D&A Card World last December that didn't scan for nearly a month. I submitted the insurance claim and they required bank statements proving I bought the items for resell, bank statements proving D&A paid me, invoices, and pictures of everything. D&A and Blowout do not pay until receipt of goods so I was denied the case until the package was finally found weeks later.

coltsfan23 · 11-11-2021, 03:31 PM

Quote:

Originally Posted by BigRick

I use Valuable Articles Insurance through Chubb to cover my collectibles, watches, and wine. Fantastic to deal with and fair premiums.

Do you need to have Chubb for primary homeowner's insurance to use this?

rainmaker · 11-11-2021, 07:01 PM

I just stick with the good old safe deposit box

07-09-2021, 11:53 AM	#2
WizardofOz1982 Member Join Date: Apr 2018 Posts: 1,347 wizardofoz82 WizardOfOz1982	I just have a separate rider through Allstate who has my home insurance. __________________ I PC Jeff Frye, Ozzie Smith, and Ryan Helsley. https://jefffryecollection.com - My collection website with galleries and want lists

07-09-2021, 12:06 PM	#4
jbscott56 Member Join Date: Aug 2010 Location: New Jersey Posts: 860 joelscott56	Thank you both! __________________ Always looking for Mike Giancarlo Stanton and Mike Trout

07-09-2021, 12:51 PM	#6
DaBaddestHic Member Join Date: May 2011 Location: Chicago Posts: 3,350 DaBaddestHic	I'm glad you asked this question OP, because I've been meaning to get some better insurance for my cards as well. One of the things that was holding me back was having to provide proof of value, but it looks like CIS handles this well, at least once I get everything inventoried correctly. Which, is mostly already done at least for my sealed was and Delgado cards. __________________ Supercollecting Carlos Delgado (Always looking - PM me) Want List: https://docs.google.com/document/d/1-9lweoNywcAp-ApoiwSnXGqzQz5-rjoXo3DkOAzXmDY/edit?usp=sharing

07-09-2021, 02:24 PM	#10
KD35Russ0 Member Join Date: Oct 2014 Location: North Jersey Posts: 2,576 jpbogardus22 KD35Russ0	https://wax.insure/ This is new(er), but the best in my opinion. They specialize specifically on high end and don't just stop at cards. Watches, collectible cars, etc...wax will take care of it __________________ Always looking for vintage baseball HOF.

11-10-2021, 06:23 PM	#13
bear0555 Member Join Date: Jan 2011 Posts: 1,834 greenfankc bear0555	I didn't know State Farm covered me for $2500 on my homeowners. What I lost was worth far more, but I had no issues collecting the money. Had to submit a list of cards. I think there's a $1000 deductible too, but the loss was enough that it didn't really matter. I also had receipts for almost everything, but I don't recall having to submit any receipts. __________________ Bowman Chrome Autos For Sale: Raw, BGS, PSA, Base, and Color. Click Ebay link for listings. Current Featured Card[s]: 2019 Bowman Chrome Draft Corbin Carroll Black Wave Refractor Auto 1/1 BGS 9.5

07-09-2021, 10:51 AM	#1
jbscott56 Member Join Date: Aug 2010 Location: New Jersey Posts: 860 joelscott56	Best insurance provider used for your cards? Looking to insure some of my more expensive cards and wondering if any of you recommend specific insurance companies. Thank you! -Joel __________________ Always looking for Mike Giancarlo Stanton and Mike Trout

07-09-2021, 11:54 AM	#3
SupermanBrandon Banned Join Date: Dec 2018 Location: TN Posts: 15,843	CIS! https://collectinsure.com/ Do NOT use your homeowners policy. State Farm (and all the others) have zero clue what your collection is worth, why it's worth that, and what it means. That's a disaster just waiting to happen. Pay for actual collectibles insurance thru a collectibles insurance company.

07-09-2021, 12:35 PM	#5
Anejo Member Join Date: Jun 2011 Posts: 757	I also use CIS above, hassle free and fair pricing in my opinion so far. Someone recommended on a post last year. My homeowner's policy would not insure collectibles.

07-09-2021, 01:17 PM	#8
soey10 Member Join Date: Aug 2019 Location: Bakersfield, CA Posts: 1,615 Soey	Very good topic. Would any of you mind telling me how much the insurance is?

11-10-2021, 06:00 PM	#12
panamamyers Member Join Date: Nov 2012 Location: Houston, TX Posts: 1,899 panamamyers panamamyers	I always see these threads but never hear from anyone that has had a claim.

11-10-2021, 10:17 PM	#16
here2havefun Member Join Date: Feb 2019 Posts: 1,327 venezuelan_league_stickers	I use CIS and have been very happy. Sold a $750 card on ebay that was lost in the mail, had to issue a full refund to the buyer. I opened a claim on the card with CIS, was compensated in full with surprisingly little hassle. __________________ IG: venezuelan_league_stickers

11-11-2021, 11:17 AM	#17
Basketball B Member Join Date: Jul 2021 Location: San Diego (it doesn't mean anything involving a whale) Posts: 130 Resale Girl 2001 (my wife does are stuff there)	Wow. I'm surprised they covered, for something lost in the mail. Especially when the mail services all ask if you want insurance (which is something I wondered about, when recently sending a lot of high end cards in the mail) __________________ Basketball been bery, bery good to me!

11-11-2021, 01:20 PM	#18
jmsodpc Member Join Date: Jan 2014 Posts: 1,343	I also use collect Insure but never made a claim

11-11-2021, 02:33 PM	#20
BigRick Member Join Date: Jun 2019 Posts: 219	I use Valuable Articles Insurance through Chubb to cover my collectibles, watches, and wine. Fantastic to deal with and fair premiums.

11-11-2021, 02:59 PM	#22
Univibes Member Join Date: Oct 2021 Posts: 120	2 large German Sheppards will suffice. Consider it an umbrella policy because nothing under their care will be touched without your approval.

11-11-2021, 03:28 PM	#23
bravesfan#1 Member Join Date: Nov 2009 Posts: 5,925 jarobin7	I have insurance via CIS to protect my personal collection and show inventory. Insurance for cards/wax/memorabilia taken to shows is a bit more expensive than insurance for your PC when it stays locked up in your home. I've had no claims with CIS yet but would highly advise to never rely on USPS insurance. I had a ~$5K package shipped to D&A Card World last December that didn't scan for nearly a month. I submitted the insurance claim and they required bank statements proving I bought the items for resell, bank statements proving D&A paid me, invoices, and pictures of everything. D&A and Blowout do not pay until receipt of goods so I was denied the case until the package was finally found weeks later. __________________ No international shipping!

11-11-2021, 07:01 PM	#25
rainmaker Member Join Date: Jan 2017 Posts: 2,837 thewescoast	I just stick with the good old safe deposit box __________________ https://www.flickr.com/photos/152850287@N08/albums