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Subject: 
Re: home-owners insurance and my collection
Newsgroups: 
lugnet.general
Date: 
Mon, 10 Dec 2001 15:10:36 GMT
Viewed: 
683 times
  
For anyone interested, I've looked into this and have an answer (at least
for my situation).  HO insurance usually has some type of policy on dealing
with any type of collectible.  Basically, you tell them what you think the
collection is worth, and they charge a rate based on that.  So, even if I
tell them my collection is worth $50,000 (which it isn't) if I pay the
insurance on that amount, its covered.

Felix
(who thinks about these things because he used to work for a large insurance
company that 'might' rhyme with Fate Starm)



Message has 1 Reply:
  Re: home-owners insurance and my collection
 
(...) I really need to go back to talk to my insurance agent. When I got my house insured when I bought it 2 years ago, my collection was less than half its current size (which is over 200K bricks now). I think I need to bump up the coverage a bit (...) (23 years ago, 10-Dec-01, to lugnet.general)

Message is in Reply To:
  home-owners insurance and my collection
 
It recently occured to me that if my house burned down I would have a hard time convincing the insurance company that I've invested thousands of dollars in my collection. Can anyone out there tell me how they've dealt with this problem? Has anyone (...) (23 years ago, 9-Dec-01, to lugnet.general)

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