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 Replies: 9 / Views: 1,533 |
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Pillar of the Community
United States
3323 Posts |
I'm sure this has been asked and answered before, but do you have separate insurance on your collection? If not, do you have a rider on your homeowner's policy? How much detail did the insurer require, such as individual coin details or estimated value of the collection, etc.?
Thanks! "Nummi rari mira sunt, si sumptus ferre potes." - Christophorus filius Scotiae
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Moderator
 United States
34397 Posts |
@bump, yes this comes up with some frequency. You can use the CCF search function to find all of them, but here is one of my faves. http://goccf.com/t/147892"If you climb a good tree, you get a push."
-----Ghanaian proverb
"The danger we all now face is distinguishing between what is authentic and what is performed."
-----King Adz
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Rest in Peace
United States
17900 Posts |
Insurance is so varied that you should begin the process by having a current inventory, preferably with buying invoices.
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Pillar of the Community
 United States
3323 Posts |
Thanks for responding. I have an inventory with some "replacement" prices, but since my coins are ungraded, I wasn't sure how to assign value. I will do a search and read the one suggested first. I have no high value coins (highest is probably a $500 coin) so I would think that value can be very subjective.
"Nummi rari mira sunt, si sumptus ferre potes." - Christophorus filius Scotiae
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Pillar of the Community
United States
5825 Posts |
To the best of my knowledge Hugh Wood is top dog for coin insurance. Compare him to homeowner's insurance and you'll see he's about 1/3rd. BUT You have to be an ANA member. |
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CCF Advertiser
United States
1533 Posts |
I use Hugh Woods. Its a few hundred bucks per $100K of insured value. They will take your best estimate of value. Receipts would help in the case of a claim I imagine.
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Bedrock of the Community
 United States
12817 Posts |
Most homeowner's insurance won't cover numismatic loss. They'll cover up to a certain amount of face value lost. You typically need a rider or a separate insurer (such as mentioned above).
Don't think for a minute that your collection is covered by homeowner or renter's insurance. ALSO, weigh the value of your collection vs. the annual cost.
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Pillar of the Community
United States
1298 Posts |
CelticKnot is pretty much spot on.
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Pillar of the Community
United States
3323 Posts |
Thanks again for the replies. I'm also looking at SD boxes.
"Nummi rari mira sunt, si sumptus ferre potes." - Christophorus filius Scotiae
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Bedrock of the Community
United States
17884 Posts |
Quote:
I use Hugh Woods. Its a few hundred bucks per $100K of insured value. They will take your best estimate of value. And you don't have to provide detailed inventories, just specifically list those coins worth over $10K. I've only seen one report from someone that had to make a claim with them, but they said they made the claim and had their check within a week. (Don't know how large the claim was.) |
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Replies: 9 / Views: 1,533 |
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Posted 08/21/2017 2:22 pm
