Insuring A Coin Collection

Waredu- ah, thanks for the info! I will look into that.!

Everyone- any more info and/ or comments would certainly be appreciated

Coin insurance is always a tough one for the insurers, because they usually have no numismatic experts in their firm that are employed as coin valuers, so they have to rely on accredited experts outside their firm to value your coins before they will insure them.

Under such circumstances, some companies want the coins revalued regularly, and the accredited expert would need an annual fee for annually valuing your coins.

It all becomes too much of a bind. The usual result is the coin collector ends up investing in security instead. There are a few good threads on this forum on the subject of coin storage security.

Not sure how to find old posts here but you may want to try the search tab at the top and type in coin insurances, insuring coins, etc. Might find many posts in the past about them.
My suggestion is to be really carefull with insuring anything today. In the old days your insurance agent was a close friend, relative or neighbor. So almost anything you told them was really confidential. Today you have no idea who gets this information and most of it goes into a computer and possibly hundreds or even thousands of people have access to this information. And usually many of them are not permanent employees but someone just filling in a job since out of work. Some may not be exactly the most honest people either.
Insuring a coin collection, guns, knives, swords, stamps, etc by detailing everything you have could end up in the wrong hands and the results may not be nice.
With the economy the way it is, so many people out of work, more crime than ever before, this is not the best time to advertise your possesions. Like telling the post office, police, your neighbors, relatives, paper delivery service and placing a note on your door saying gone on vacation, no one home.

Bobby, actually the bit about PO insurance is a bit tricky. I have a note into Hugh Wood about their Transit portion of the policy and that it seems to be not all that great. It only covers sending something Registered or Insured. Well, sending it Insured renders the policy moot. And, my post offices refuse to send out anything Registered unless I declare a value and then I have to pay the insurance on it. I don't know why the policy wouldn't cover something like Certified or Signature Guarantee, though.