Insurance.

[ruddersrangers44]

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.

[douglas2496]

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.

[wizardman]

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

[douglas2496]

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

[wizardman]

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

[douglas2496]

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?

[hucks216]

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?

[BOB COLEMAN]

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

[avenger]

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.

[cricketchris1944]

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