Insurance Question for Shop Owners

TwinGnats · 12-29-2019, 09:05 PM

I'll be opening my store at the beginning of February. Looking for insurance referrals especially if you have made a claim and not been dropped and/or not been hassled at the claim stage.

I met the people at Collectibles Insurance Services at the national two years ago, getting a quote from them.

I'm already insured for the property, fixtures, etc. Just need a policy to protect against catastrophic (fire/water) and burglary of inventory.

Highstubbs · 12-29-2019, 09:37 PM

Friendly Fridley.........where abouts grew up there.

burlssports · 12-29-2019, 10:25 PM

I use Collect Insure. You need a good safe or a security alarm to get burglary coverage over $50k. I haven't had to use them, thankfully, but I've talked to several who have, without issue.

Sent from my SM-G950U using Tapatalk

TwinGnats · 12-30-2019, 11:46 AM

I live right off 694/University. Shop will be on 41st and Central in Columbia Heights.

Quote:

Originally Posted by Highstubbs

Friendly Fridley.........where abouts grew up there.

TwinGnats · 12-30-2019, 11:47 AM

Great thank you for the feedback. I really appreciate it. Will have ADT in the shop.

Quote:

Originally Posted by burlssports

I use Collect Insure. You need a good safe or a security alarm to get burglary coverage over $50k. I haven't had to use them, thankfully, but I've talked to several who have, without issue.

Sent from my SM-G950U using Tapatalk

pitch21 · 12-30-2019, 11:54 AM

I'm an insurance agent and would advise that whomever you use make sure you have the agent/company explain the settlement provisions (i.e. how they will value the loss). I'd also make sure you consider what exposures could possibly take place like water/sewer back-up or flood.

https://www.sportscollectorsdaily.co...ajor-flooding/ This is a good reminder as to why looking at the policy provisions are important. These are great people and their policy had flood removed a year or two before this loss and left them with little to no coverage.

Feel free to PM if you have any specific questions.

Sportnut08 · 12-30-2019, 12:11 PM

My aunt lives in Fridley. Will have to pay your shop a visit when I’m in the area.

TwinGnats · 12-30-2019, 07:06 PM

Thank you. I'll verify.

Quote:

Originally Posted by pitch21

I'm an insurance agent and would advise that whomever you use make sure you have the agent/company explain the settlement provisions (i.e. how they will value the loss). I'd also make sure you consider what exposures could possibly take place like water/sewer back-up or flood.

https://www.sportscollectorsdaily.co...ajor-flooding/ This is a good reminder as to why looking at the policy provisions are important. These are great people and their policy had flood removed a year or two before this loss and left them with little to no coverage.

Feel free to PM if you have any specific questions.

brewtown107 · 12-30-2019, 07:21 PM

Only 7 blocks from Flameburger.

I guess I'll have to stop on by.

Highstubbs · 01-01-2020, 09:53 AM

Quote:

Originally Posted by TwinGnats

I live right off 694/University. Shop will be on 41st and Central in Columbia Heights.

Know the area well, grew up in the same area, 6 blocks south of 694 on University. good luck and, i will visit the store.

oldgoldy97 · 01-01-2020, 09:59 AM

There used to be a shop, cards or comics, right in that area. Probably 20-25 years ago.

12-29-2019, 09:05 PM	#1
TwinGnats Member Join Date: Jan 2011 Location: Fridley, MN Posts: 1,645 PopCultureArchives	Insurance Question for Shop Owners I'll be opening my store at the beginning of February. Looking for insurance referrals especially if you have made a claim and not been dropped and/or not been hassled at the claim stage. I met the people at Collectibles Insurance Services at the national two years ago, getting a quote from them. I'm already insured for the property, fixtures, etc. Just need a policy to protect against catastrophic (fire/water) and burglary of inventory. Last edited by TwinGnats; 12-29-2019 at 09:08 PM.

12-30-2019, 11:54 AM	#6
pitch21 Member Join Date: Dec 2011 Location: IA Posts: 2,285 pitch2021	I'm an insurance agent and would advise that whomever you use make sure you have the agent/company explain the settlement provisions (i.e. how they will value the loss). I'd also make sure you consider what exposures could possibly take place like water/sewer back-up or flood. https://www.sportscollectorsdaily.co...ajor-flooding/ This is a good reminder as to why looking at the policy provisions are important. These are great people and their policy had flood removed a year or two before this loss and left them with little to no coverage. Feel free to PM if you have any specific questions. __________________ http://s1087.photobucket.com/user/pitch2021/library/?view=recent&page=1

01-01-2020, 09:59 AM	#11
oldgoldy97 Member Join Date: Jan 2009 Posts: 51,469	There used to be a shop, cards or comics, right in that area. Probably 20-25 years ago. __________________ Truly riveting discussion: that’s what your wife/girlfriend/sheep said.

12-29-2019, 09:37 PM	#2
Highstubbs Member Join Date: Dec 2016 Location: Minnesota Posts: 1,970	Friendly Fridley.........where abouts grew up there.

12-29-2019, 10:25 PM	#3
burlssports Member Join Date: Mar 2015 Location: Jackson, TN Posts: 120 burlssports	I use Collect Insure. You need a good safe or a security alarm to get burglary coverage over $50k. I haven't had to use them, thankfully, but I've talked to several who have, without issue. Sent from my SM-G950U using Tapatalk

12-30-2019, 12:11 PM	#7
Sportnut08 Member Join Date: Aug 2017 Location: Minnesota Posts: 4,853 dontrellefan35	My aunt lives in Fridley. Will have to pay your shop a visit when I’m in the area.

12-30-2019, 07:21 PM	#9
brewtown107 Member Join Date: Aug 2018 Posts: 2,237 brewtown107	Only 7 blocks from Flameburger. I guess I'll have to stop on by.