Collectibles insurance

[ctcardexchange]

Does anyone know of any companies that will insure collectibles? In particular, trading cards

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[IronCladLou]

Probably under a High Net Worth policy.

Reach out (to anyone) and see what they offer

[smanzari]

https://collectinsure.com/

[Jblaw1]

Try Chubb. They have written policies in the past and can do a set limit rather than rewriting the policy every time you buy or sell a card.

[wharfrat7624]

Originally Posted by smanzari

https://collectinsure.com/

I second www.collectinsure.com


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[SupermanBrandon]

Collectinsure is the answer. DO NOT use your homeowners policy thru State Farm (or whomever you have). Use a company that deals in collectibles. A company that understands your collections. Your homeowners insurance company, does not get it!

[wiper]

Originally Posted by SupermanBrandon

Collectinsure is the answer. DO NOT use your homeowners policy thru State Farm (or whomever you have). Use a company that deals in collectibles. A company that understands your collections. Your homeowners insurance company, does not get it!

they probably do, it’s just beneficial to pretend they don’t.

[IronCladLou]

Originally Posted by SupermanBrandon

Collectinsure is the answer. DO NOT use your homeowners policy thru State Farm (or whomever you have). Use a company that deals in collectibles. A company that understands your collections. Your homeowners insurance company, does not get it!

Depends on the broker/underwriter.

I could adjust a card collection with minimal knowledge of cards. I'd just outsource an expert and charge the insurer.

[SupermanBrandon]

Originally Posted by IronCladLou

Depends on the broker/underwriter.

I could adjust a card collection with minimal knowledge of cards. I'd just outsource an expert and charge the insurer.

Good luck with that lol
You’re going to trust people that don’t understand your valuables to they take those extra steps when something happens to your priceless collectibles? I’ll trust the insurance company that handles collectibles for a living and is their entire business model.


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[IronCladLou]

Originally Posted by SupermanBrandon

Good luck with that lol
You’re going to trust people that don’t understand your valuables to they take those extra steps when something happens to your priceless collectibles? I’ll trust the insurance company that handles collectibles for a living and is their entire business model.


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You pay experts to provide the opinion on values. They understand the valuables. You pay less through premiums.

[Archimedes]

Originally Posted by smanzari

https://collectinsure.com/

Originally Posted by wharfrat7624

I second www.collectinsure.com


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Originally Posted by SupermanBrandon

Collectinsure is the answer. DO NOT use your homeowners policy thru State Farm (or whomever you have). Use a company that deals in collectibles. A company that understands your collections. Your homeowners insurance company, does not get it!

Yes, collectinsure.

[asujbl]

Originally Posted by SupermanBrandon

Collectinsure is the answer. DO NOT use your homeowners policy thru State Farm (or whomever you have). Use a company that deals in collectibles. A company that understands your collections. Your homeowners insurance company, does not get it!

Disagree completely

Go sit down with your agent. That’s the key

I am well insured via my homeowners policy because I sit down with her quarterly and update my PC schedule

If you put forth some effort and communicate you’ll be fine

[rats60]

Originally Posted by asujbl

Disagree completely

Go sit down with your agent. That’s the key

I am well insured via my homeowners policy because I sit down with her quarterly and update my PC schedule

If you put forth some effort and communicate you’ll be fine

If it works for you, fine. I started out with my insurance company until the value started rising. I decided to go with someone who specialized in collectibles and saved money. I came across Collectinsure and they give the best rates and have a good history of paying out claims. They are set up a the National.

[asujbl]

Originally Posted by rats60

If it works for you, fine. I started out with my insurance company until the value started rising. I decided to go with someone who specialized in collectibles and saved money. I came across Collectinsure and they give the best rates and have a good history of paying out claims. They are set up a the National.

Which is fine - I have no issue with Collectinsure - It absolutely works

I have a problem with simply emailing or calling your home insurance and trying to explain cards to them

Be prepared and go meet with them

My particular collection, which I realize is easier to quantify, is all on the PSA registry. I can run an APR report every quarter and I go and sit with my agent for 20 minutes

Homeowners insurance will absolutely cover you if you handle it correctly. I'm not commenting on rates.

So will Collectinsure. Not debating that.

[worldtravel00]

Originally Posted by wharfrat7624

I second www.collectinsure.com


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1) What's their average insurance cost for $10k per trading card value?
2)What happens if the value rises dramatically or drops?
3) Do you have to list all cards that need to be insured?
4) Also is it cheaper to have trading cards stored at home or another locations ( storage)?
5) Does it cover shipping to grading companies or ebay buyers?

Trying to figure out what would be cost to insure my cards. Thanks.

[dantheman514]

Originally Posted by worldtravel00

1) What's their average insurance cost for $10k per trading card value?
2)What happens if the value rises dramatically or drops?
3) Do you have to list all cards that need to be insured?
4) Also is it cheaper to have trading cards stored at home or another locations ( storage)?
5) Does it cover shipping to grading companies or ebay buyers?

Trying to figure out what would be cost to insure my cards. Thanks.

You can start here: https://collectinsure.com/sports-card-insurance/

I would recommend contacting them directly to answer any other questions you have.

[auburn35]

As a new case, there's only one side of the story presented, but thought this might be an interesting case to follow. Deals with an alleged home theft (cards stolen from locked safe) of a multiple million dollar collection and a denied claim from the insurance company.

https://x.com/Paul_Lesko/status/1802324607837352270

[towerymt]

Originally Posted by auburn35

As a new case, there's only one side of the story presented, but thought this might be an interesting case to follow. Deals with an alleged home theft (cards stolen from locked safe) of a multiple million dollar collection and a denied claim from the insurance company.

https://x.com/Paul_Lesko/status/1802324607837352270

"The policy's annual premium was $5,942 (which later increased to $6,339) and was renewed on two occasions with the final coverage limit being $2,650,000."

$528.25 per month to insure 2.65mil in value. For those who were wondering what it costs to insure a collection of that value.

Interesting that an insurance company may issue a policy knowing that they can deny it later on any basis mentioned in this case (not authentic, not valuable, or even not stolen). Case seems to argue the ins. company didn't have these concerns and didn't ask for proof at the time of issuing the policy....ah, but that's the genius of being an insurance company.

(#53 here: https://trellis.law/doc/210883959/summons-complaint )

I confirmed "find in page" works on that document preview and the word "police" does not appear...as in police report, called the police, etc.

Locked safe, no sign of break in, yet they were stolen.

[JRX]

Paying for insurance is one thing. Collecting on a claim is completely different.

[stevenab87]

As someone who owns an insurance brokerage, I do not recommend using your home insurance. Use collectinsure.com.

[BeardedVol]

Originally Posted by dantheman514

You can start here: https://collectinsure.com/sports-card-insurance/

I would recommend contacting them directly to answer any other questions you have.

do they cover loss because of a tornado or fire ?

[JustRachel]

Originally Posted by SupermanBrandon

Good luck with that lol
You’re going to trust people that don’t understand your valuables to they take those extra steps when something happens to your priceless collectibles? I’ll trust the insurance company that handles collectibles for a living and is their entire business model.

You understand that if anything happens, you're likely going to have to sue them to get your money? They're an insurance company. They have lots of lawyers.

[JRX]

Originally Posted by JustRachel

You understand that if anything happens, you're likely going to have to sue them to get your money? They're an insurance company. They have lots of lawyers.

Insurance companies collect premiums, they don't pay claims lol.

[anusinha]

Has anyone actually had to use collectinsure to collect a claim?

[SidVish]

Originally Posted by JRX

Insurance companies collect premiums, they don't pay claims lol.

It really is the biggest scam going.

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