Do you insure your collection?

[beaverman3001]

Something I've thought about more and more is how to protect my cards, because they are a backup savings account in a way. I know I could put them in a bank, or get a vault of some sort, but I'm not too found of either idea. So I wanted to see if anyone has experience using collectibles insurance? If so what company do you use? How is the pricing, does it seem legit, etc?

[zeeropointzeero]

I've been using these guys for years for a comic collection (although they insure sports cards as well):
collectinsure.com

Never had an issue with them but also never had a claim. Seems to cost me approx $0.005 per dollar of coverage. They cover loss at my residence as well as loss during transit (I think if they cover you during transit, you must ship a certain way).

They also auto increment coverage so you do not need to keep changing your coverage amount each year (like they may increase your coverage automatically by 5% or something to cover the fact that collectibles rise each year for the most part).

[beaverman3001]

Originally Posted by zeeropointzeero

I've been using these guys for years for a comic collection (although they insure sports cards as well):
collectinsure.com

Never had an issue with them but also never had a claim. Seems to cost me approx $0.005 per dollar of coverage. They cover loss at my residence as well as loss during transit (I think if they cover you during transit, you must ship a certain way).

They also auto increment coverage so you do not need to keep changing your coverage amount each year (like they may increase your coverage automatically by 5% or something to cover the fact that collectibles rise each year for the most part).

I was looking at their site earlier, seems like a decent company. Wished there was someone on here who has had to claim through them to see how that went.

[asujbl]

I just insure it through my regular homeowners (I talked to my person extensively about it) - I sent her an updated inventory once a month with any additions, subtractions, and major value changes.

[beaverman3001]

Originally Posted by asujbl

I just insure it through my regular homeowners (I talked to my person extensively about it) - I sent her an updated inventory once a month with any additions, subtractions, and major value changes.

Yea, that is what I would try, but I currently rent a house. I doubt and wouldn't trust a renter's insurance company to handle it properly.

[mrveggieman]

I got renters insurance but I heard that if anything ever went down you wont get that much from your regular company and would need to have a specialized insurance company. I may have to check collectors insure out.

[caflisch78]

I do as well as a part of my homeowners. Several of them are investment pieces so it makes sense to protect them.

[Pearce77]

Originally Posted by mrveggieman

I got renters insurance but I heard that if anything ever went down you wont get that much from your regular company and would need to have a specialized insurance company. I may have to check collectors insure out.

I was married to an insurance agent. Don't just go off what "you heard", simply call them and their CSR would probably be able to answer your question. That's what your agent is for and most want to make sure you're assets are covered.

[duwal]

Originally Posted by mrveggieman

I got renters insurance but I heard that if anything ever went down you wont get that much from your regular company and would need to have a specialized insurance company. I may have to check collectors insure out.

For renter's insurance most big legitimate insurance companies won't insure it unless the items/collection is appraised first

[zeeropointzeero]

With the company I mentioned, I did not need an appraisal. It is possible however that larger policies do need appraisals. I also have a spreadsheet of all my comics, condition and value. If I recall correctly, I believe I filed that with them. I also have pictures but definitely didn't need to supply them. I'm sure those pics will help with any future claims though.

[bobthewondercat]

I also use collectinsure. No claims / no issues. Started with them after losing a good chunk of my collection (and two MacBook pros) in a home robbery in 2009. Worth it for peace of mind alone.