Insuring Collection

boba frett

Jedi Master
Joined
Oct 21, 2006
Messages
899
After Edd's break in I think its definitely worth looking to get your collection insured.

Has anyone done this and how much does it cost?
 
i was thinking about it ,, i just did a valuation of my collection ( and i was really hard on myself by under valuing each item by quite a bit) and my lot came to Ã'£5000 and thats on a very bad day! :? :shock: and Ã'£7000 on a good day..... i just saw a second hand audi tt at a local garage for Ã'£7500....................................mmmmmmmmmmmmmmmm :roll: :wink:
 
Insurers will always say you are covered by your contents insurance. The biggest problem I can see is proving what has gone missing and what it's true value is. :?
 
Most insurers have a maximum price for a single item that they are willing to cover so its worth checking what that is if you've got some pricey pieces.

I would photograph each of your items from several angles and then store the pictures on an online 'vault' like photobucket or similar. Then if your computer gets nicked you still have the evidence. Also print off and keep all your ebay purchases along with the paypal payment page or scan/copy the cheque. Keep a handwritten checklist of what you have as well.

If you have stuff which is not on display all the time you could always scatter boxes in different places throughout the house so it makes it harder for a thief.
 
Darth Wensleydale said:
Most insurers have a maximum price for a single item that they are willing to cover so its worth checking what that is if you've got some pricey pieces.

I would photograph each of your items from several angles and then store the pictures on an online 'vault' like photobucket or similar. Then if your computer gets nicked you still have the evidence. Also print off and keep all your ebay purchases along with the paypal payment page or scan/copy the cheque. Keep a handwritten checklist of what you have as well.

If you have stuff which is not on display all the time you could always scatter boxes in different places throughout the house so it makes it harder for a thief.

well its kind of hard to convince an insurance company that my boxed millenium falcon is worth about Ã'£60 when i bought it for Ã'£16 (by saving invoices)....just cause i said my collection is worth Ã'£5000-Ã'£7000 doesnt mean i payed that for it :lol: :lol: :lol: :lol: :lol: :lol: iam a tight bastard...... :D :wink:
 
Its worth waiting and finding out how successful Edd was at retrieving something from the insurers.
 
I was thinking about this also, is it wise to take out an extra policy covering just your collections? (surely this can b expensive?) Personally what i do is take a picture of everything i buy just in case and keep a record of what i paid.
 
han duo said:
Darth Wensleydale said:
Most insurers have a maximum price for a single item that they are willing to cover so its worth checking what that is if you've got some pricey pieces.

I would photograph each of your items from several angles and then store the pictures on an online 'vault' like photobucket or similar. Then if your computer gets nicked you still have the evidence. Also print off and keep all your ebay purchases along with the paypal payment page or scan/copy the cheque. Keep a handwritten checklist of what you have as well.

If you have stuff which is not on display all the time you could always scatter boxes in different places throughout the house so it makes it harder for a thief.

well its kind of hard to convince an insurance company that my boxed millenium falcon is worth about Ã'£60 when i bought it for Ã'£16 (by saving invoices)....just cause i said my collection is worth Ã'£5000-Ã'£7000 doesnt mean i payed that for it :lol: :lol: :lol: :lol: :lol: :lol: iam a tight bastard...... :D :wink:

i know ,at first i thought they were big plates. :wink:
 
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