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Insuring Coin Collection

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Author Previous TopicReplies: 3 / Views: 1,094Next Topic  
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johntookit's Avatar
United States
589 Posts
 Posted 06/25/2014  2:44 pm Show Profile   Bookmark this topic Add johntookit to your friends list Get a Link to this Message Number of Subscribers
Is ANA the best choice for insuring coin collection?
What is the cost per $10,000 yearly.
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kanga's Avatar
United States
5825 Posts
 Posted 06/25/2014  5:40 pm  Show Profile   Bookmark this reply Add kanga to your friends list Get a Link to this Reply
Hugh Wood is generally acknowledged as the best.
You have to be an ANA member to get insurance through them.

http://www.hughwood.com/sub_menu.php?submenuId=180
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Conder101's Avatar
United States
17884 Posts
 Posted 06/25/2014  6:31 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
Most of the quotes I have seen for Hugh Woods seem to run between .5 and 1% of the declared value annually depending on how they are stored and whether or not you want them covered while transporting them. So that would be between $50 and $100 per year on $10,000 value. Another advantage of Hugh Wood is you only have to itemize coins worth over $10,000. most insurers require everything to be itemized and constantly updated every time you buy or sell anything.
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johntookit's Avatar
United States
589 Posts
 Posted 06/26/2014  4:02 pm  Show Profile   Bookmark this reply Add johntookit to your friends list Get a Link to this Reply
Thank you for the detail information.
I was trying to get a quote over the phone but was told I needed to fill out the form and be a member of the ANA. At few hundred dollar a year for the peace of mind it will be well worth the price.
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