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Author Topic: Insuring your cards  (Read 612 times)

Captain Pugwash

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Insuring your cards
« on: May 14, 2012, 05:25:00 PM »
In reply to Cedric1812's question.

I have enquired about insurance for my collection with a few companies.I find they are either not interested or make it impossible too insure.The ones that would insure want so much imformation about my collection I gave up.
They wanted me to list every set individualy and also wanted receipts for purchases,this was of course impossible,who gets a receipt for a set of cards purchased from a dealer at a fair,

So my collection is insured with my other household contents,although I did up this.

IanSammel

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Re: Insuring your cards
« Reply #1 on: May 14, 2012, 06:42:44 PM »
My collection is not insured.  I keep thinking that maybe it ought to be but like many other things, I never get around to it.  Someone in CN&N recommended this company:
http://www.connoisseurpolicies.com/
which claims to be "insurance for collectors" although I have no personal experience of them. 

Cedric1812

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Re: Insuring your cards
« Reply #2 on: May 15, 2012, 09:08:00 AM »
Thanks for the comments guys - I appreciate the pointers. I am thinking about it but given how much it's likely to cost I think I may look in the next few years into getting a safe to keep the rare types in. I do wonder whether a thief in the UK would go straight for the computer and playstation and miss the framed T206 Wagner card sitting on the desk... (I don't have one btw! but you see the point!).

IanSammel

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Re: Insuring your cards
« Reply #3 on: May 15, 2012, 04:52:29 PM »
It's not unknown for collectors to steal cards from other collectors.  There was a collector in Germany who had a lot of rare sets.  One day someone broke in and stole them all, leaving everything else untouched.  I don't know whether the thief was ever officially caught, but the same rare sets appeared on the market shortly afterwards so he had a good idea who it was. 

I also knew Ron who ran "The collector's shop" in Sliema, Malta.  He used to live in England and spent every spare penny he had on cigarette cards.  One day someone broke in and stole his collection.  It was a very traumatic experience and Ron didn't like to talk about it.  He was going to give up collecting all together but then his friends rallied around and gave him their spare cards so he started again.

baystokie

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Re: Insuring your cards
« Reply #4 on: May 15, 2012, 06:25:06 PM »
In reply to Cedric1812's question.

I have enquired about insurance for my collection with a few companies.I find they are either not interested or make it impossible too insure.The ones that would insure want so much imformation about my collection I gave up.
They wanted me to list every set individualy and also wanted receipts for purchases,this was of course impossible,who gets a receipt for a set of cards purchased from a dealer at a fair,

So my collection is insured with my other household contents,although I did up this.

Have had quotes of £3-£3.75 per £1,000 of VALUED
collection, more if just self-valued using Murray/LCCC
catalogue. Main  reason was that, if the collection was
not detailed, you could claim the loss for sets you
never had. Also required details of where collection
was housed and with what security. Details of
additions was only required from the date of first
taking out insurance. This was 4 years ago, firm was
'Warcop/Wardup' or something like that

 

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