thechoad
Superstar
Joined on: Dec 22, 2016 5:29:01 GMT -5
Posts: 506
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Insurance
Jul 26, 2017 10:51:01 GMT -5
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Post by thechoad on Jul 26, 2017 10:51:01 GMT -5
Right guys I've been on the forum a fair while now using this account and others, and I have read my fair share of horror stories about flooding, fires and theft! Basically I don't want this to happen to myself or anyone else so if anyone knows of any insurance companies out there that would cover collectors like us it would be much appreciated! I'm based in the UK but I imagine that a few of our overseas collectors would like to know as much for them! Thanks in advance guys
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Insurance
Jul 26, 2017 10:55:11 GMT -5
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Post by jayrod2009 on Jul 26, 2017 10:55:11 GMT -5
Alstate has a great collectors Insuraunce policy. I just closed mine out, but had one when I had over 30 Hot toys/Sideshow figures. With Hurricanes being a threat, it was a no brainer getting it. Be sure to catalog everything with proof of ownership as well as a constant record of either the current houng rate and/or its MSRP. Ask a million questions on what is and isn't covered and how you would be compensated. Also, ask how bad a compensation will raise your monthly rates and your premiums. Its not worth it if you own anything under $1,000.
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xtremebadass
Main Eventer
Joined on: Oct 2, 2006 19:27:32 GMT -5
Posts: 3,101
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Post by xtremebadass on Jul 26, 2017 10:59:17 GMT -5
Its not worth it if you own anything under $1,000. I was gonna say, lol. If you can afford collectors insurance you better have some really cool and expensive s***. Hot Toys qualifies. I wish I was rich.
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maske2g
Main Eventer
Joined on: Jan 31, 2011 7:00:54 GMT -5
Posts: 2,972
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Post by maske2g on Jul 26, 2017 11:10:48 GMT -5
US and UK differs.
I know you are UK, so we get contents insurance on top of our building insurance.
You can add in that you have a collection worth X. And then single high value items should be specified, just like with engagement rings, rolexes, etc. You pay more of a premium for that.
I use More Than.
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Insurance
Jul 26, 2017 11:43:05 GMT -5
via mobile
Post by #HANDSOME1 on Jul 26, 2017 11:43:05 GMT -5
I had a near Complete classic superstars set with all variants, package variants,1/100's & everything. Was worth a butt load. Loss 3/4 of it when my daughter's mom got evicted. Should've took everything with me that day. Still bothers me to this day.
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Post by Nivro™ on Jul 26, 2017 12:19:47 GMT -5
I have it looped in with my home owners insurance. Im covered up to $10k
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Insurance
Jul 26, 2017 15:12:18 GMT -5
via mobile
Post by jayrod2009 on Jul 26, 2017 15:12:18 GMT -5
I have it looped in with my home owners insurance. Im covered up to $10k Look into the claims on that. I have heard horror stories of insurance companies that have had to pay out on Sgar wars collections that was so large, they silently put a lean on the house as collateral until they paid the annual premiums that were in the thousands. I swear, they can rither be the saviors of the day or the evilest villians ever.
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Post by Nivro™ on Jul 26, 2017 15:22:08 GMT -5
I have it looped in with my home owners insurance. Im covered up to $10k Look into the claims on that. I have heard horror stories of insurance companies that have had to pay out on Sgar wars collections that was so large, they silently put a lean on the house as collateral until they paid the annual premiums that were in the thousands. I swear, they can rither be the saviors of the day or the evilest villians ever. I guess I should clarify, its not actually looped in with my home owners insurance. My home owners insurance comes out of my mortgage every month. However the same company does my auto insurance and my collectibles insurance which those two are deducted from my account every month. I signed up for everything at once but its done in 3 separate entities.
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Post by CampCornette on Jul 26, 2017 15:57:16 GMT -5
Hello, Geico, yes I'd like to insure my Virgil action figure. Virgil. V I R G I L. Yes Mike Jones... hello?...hello?...
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mrassbillygunn
Main Eventer
WF 10+ Year Member
Joined on: Jul 23, 2011 19:35:48 GMT -5
Posts: 4,297
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Post by mrassbillygunn on Jul 26, 2017 18:12:45 GMT -5
Dont even bother, there will be a million loop holes and like most insurers they will shaft you. These are materialistic posessions, if the worse should happen, life goes on. You're buying these with disposable income I imagine, disposable income is money you never needed in the first place.
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