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Article about: Hi guys,how many here have seperate specialist insurance?and don't have it in with there normal contents cover,any links or suggestions with regards to specialist cover gladly welcomed,thank

  1. #1

    Default Insurance.

    Hi guys,how many here have seperate specialist insurance?and don't have it in with there normal contents cover,any links or suggestions with regards to specialist cover gladly welcomed,thanks in advance.

  2. #2

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    I have seperate cover. When I discussed it with my insurers they said my household insurance would not cover the collection, and that additional cover was needed. They asked me to send them a general description of the collection and its value and they got back to me with a quote, it was very straightforward. I would certainly recommend a phone call to your insurers for advice.

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    you must catalog every item or you wont ever get a pay out..i have it, but ive just been told that photos are not good enough..i think its pretty much the same everywhere as all the insurance agencies seem global

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    I wasnt told this by my insurers- what is the definition of cataloging?

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    i was told that every item had to be written down with a description and value, i was even told i should have receipts for all items (this was from someone i know ,who works there, im calling tomorrow to get a definitive answer, as i was only told this this afternoon) ..it used to be that photos were ok ,well thats what i was led to believe when i got it in the first place

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    You are right to raise this point, thank you. The problem with receipts is that I have been collecting since I was a child and even have peices that have been in the family. How could you prove their value?

  7. #7

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    Quote by douglas2496 View Post
    You are right to raise this point, thank you. The problem with receipts is that I have been collecting since I was a child and even have peices that have been in the family. How could you prove their value?
    That is something I have always wondered about insuring collections - how can you 'prove' the value of an item rather than what you might think it is worth, especially with items that lack receipts?

  8. #8

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    Your premium is based on the value you place on an item. Here is a web site that specializes in insuring collectables: Collectibles Insurance Services (CIS) | Collect Insure
    BOB

    LIFE'S LOSERS NEVER LEARN FROM THE ERROR OF THEIR WAYS.

  9. #9

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    A few years back, I called my insurance company and told them I had some valuable collectibles. I upped our homeowners policy to compensate, and was told this covers things. I guess I need to call them again and make sure this is how things work. Good post, and I think one that will help a lot of people remember that we need to make sure we cover our collections against unthinkable catastrophe.
    "Only a real risk tests the reality of a belief." - C.S. Lewis

  10. #10

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    Quote by BOB COLEMAN View Post
    Your premium is based on the value you place on an item. Here is a web site that specializes in insuring collectables: Collectibles Insurance Services (CIS) | Collect Insure
    Hi Bob
    I use to have them and drop them.
    They only will give 10 scents on the dollars.
    They never ask for pictures or a catalogue

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