kev85hasbro
Main Eventer
Joined on: Dec 10, 2011 14:08:47 GMT -5
Posts: 1,102
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Post by kev85hasbro on Mar 12, 2018 6:53:02 GMT -5
Hi forum
Do any of you collectors have insurance for your collections?
I’m with Hiscox UK. Easy enough to set up.
Any thoughts or tips with insurance?
Thought mention it as some may not be aware.
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Boon
Main Eventer
Joined on: Nov 21, 2011 8:09:33 GMT -5
Posts: 1,409
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Post by Boon on Mar 12, 2018 10:18:33 GMT -5
How does setting up the insurance actually work?
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Deleted
Joined on: Apr 23, 2024 16:35:54 GMT -5
Posts: 0
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Post by Deleted on Mar 12, 2018 11:19:31 GMT -5
How does setting up the insurance actually work? Same as with any other type of insurance. Tell them what you have and its value etc and they quote you |
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Post by Nivro™ on Mar 12, 2018 18:29:26 GMT -5
i have $15k "collectibles" coverage added into my home owners insurance. Its not enough to cover the cost of everything I own but its better then nothing
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Has_Got_Bros
Mid-Carder
Joined on: Aug 9, 2017 18:51:56 GMT -5
Posts: 156 
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Post by Has_Got_Bros on Mar 19, 2018 9:25:46 GMT -5
When listing items what price of value do you put ?
The price you paid or what it will cost in today’s market to replace ?
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Kasper.ca
Superstar
Joined on: Apr 6, 2012 13:02:10 GMT -5
Posts: 764
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Post by Kasper.ca on Mar 19, 2018 20:52:04 GMT -5
When listing items what price of value do you put ? The price you paid or what it will cost in today’s market to replace ? Why would you ever list the price you paid? If I got something for $5 but it's worth $20,000 now... who in their right mind would say "Oh just give me my initial fiver back. It's cool." |
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jfear
Mid-Carder
Joined on: Mar 13, 2018 14:43:55 GMT -5
Posts: 61
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Post by jfear on Mar 19, 2018 22:03:16 GMT -5
I have $10,000 coverage, like Nivro said it won't replace everything but it will cover what I treasure most.
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Has_Got_Bros
Mid-Carder
Joined on: Aug 9, 2017 18:51:56 GMT -5
Posts: 156
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Post by Has_Got_Bros on Mar 20, 2018 6:06:43 GMT -5
When listing items what price of value do you put ? The price you paid or what it will cost in today’s market to replace ? Why would you ever list the price you paid? If I got something for $5 but it's worth $20,000 now... who in their right mind would say "Oh just give me my initial fiver back. It's cool." Yeh i understand that but just thought insurance companies can be a holes at times in the event of a claim for any reason. |
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Post by ~*Young $ Money*~ on Mar 20, 2018 9:55:47 GMT -5
When listing items what price of value do you put ? The price you paid or what it will cost in today’s market to replace ? Why would you ever list the price you paid? If I got something for $5 but it's worth $20,000 now... who in their right mind would say "Oh just give me my initial fiver back. It's cool." In the same token, what if you paid 20,000 and it’s now worth 5? |
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Post by punksnotdead on Mar 20, 2018 19:04:17 GMT -5
i have $15k "collectibles" coverage added into my home owners insurance. Its not enough to cover the cost of everything I own but its better then nothing What does that run you monthly/yearly if you don’t mind me asking? |
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Post by Nivro™ on Mar 20, 2018 19:25:20 GMT -5
i have $15k "collectibles" coverage added into my home owners insurance. Its not enough to cover the cost of everything I own but its better then nothing What does that run you monthly/yearly if you don’t mind me asking? Its built into my mortgage so Id have to pull the paper work and see (I only get the invoices from the insurance company every april) but if I remember correctly its only like $50-$75/month I think. Its about the same cost as my car insurance lol |
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Post by figurecollector on Mar 20, 2018 19:29:10 GMT -5
Why would you ever list the price you paid? If I got something for $5 but it's worth $20,000 now... who in their right mind would say "Oh just give me my initial fiver back. It's cool." Yeh i understand that but just thought insurance companies can be a holes at times in the event of a claim for any reason. Not ay of the good ones. |
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Kasper.ca
Superstar
Joined on: Apr 6, 2012 13:02:10 GMT -5
Posts: 764
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Post by Kasper.ca on Mar 24, 2018 17:47:56 GMT -5
i have $15k "collectibles" coverage added into my home owners insurance. Its not enough to cover the cost of everything I own but its better then nothing What does that run you monthly/yearly if you don’t mind me asking? You're screwed then. Anything you're trying to get from an insurance claim, needs documentation of value. Devaluation is a shame, but it's not much different than buying a forgery of some sort. You can't say a painting, autograph, jewelry, etc... is worth $10,000 just because you paid for it, if it's found to be fake. Same thing with any valuable. If gold or silver were to crash, tons of people would be screwed. |
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