Question:

Does anyone know which insurance company(s) would insure my cards?

And does anyone have any other information in relation to the topic (cost, deductible, coverage amount, etc...)

Also, how would an insurance company know if my "valuable" cards were stolen/damaged vs my "not-so-valuable" cards, etc...

__________________
Joz - can we ban Leshrac for not fixing the Chrome PM issue?

You will have to follow up with your insurance company to find out what you need to do to have your collection evaluated but the gist of what State Farm told me five years ago is this:

- You have to prove what cards you have, and be very specific about it. Usually insurance companies prefer a video where by you show all the cards of value and explain all of the contents of the boxes.

- Collection needs to be evaluated by a credible third party that is willing to sign an affidavit that they witnessed and evaluated all the cards covered by the policy. Some insurance companies might have a specific person/company that they require to do the evaluation and each insurance company will have their own rules or process that you need to follow.

- Decide deductible, determine clauses, and follow any conditions that the insurance company might outline in the contract such as storage arrangements, safety deposit boxes, etc. Some policies will cover you if you take your cards to a tournament and they are stolen, some policies won't. You need to make sure that you understand what is in your policy and how multiple policies will protect you. i.e. If you have content insurance, the policy won't cover the cards while they are at your home but it might cover the cards while they are in transit or away from home. Kind of weird but check it out. Might save you some money.

- Very important - You need to understand how trading, selling, and acquiring additional cards are covered or affect the coverage of your policy. Not to mention you need to keep track of all your big ticket items and make sure that any new acquisitions are documented and added to the coverage.

Hope this helps.

In CA

Renters insurance is the same way 1st $1000 of collectables (even if sealed), and the deductible is usually $250-500 on it and sometimes separate.

Homeowner's insurance may cover up to a few thousand more but probably won't exceed $2500

Most 3rd party insurance companies do not insure collectibles so you're looking at a higher rate.

Normal property insurance generally has a .05-1.5% premium on the total value insured depending on the amount.

Collectibles on the other hand are based on the value and crime rate in your area. It generally costs between 2-4% of the total insured value.

http://www.collectinsure.com/

__________________
[small]
Upcoming larger events
06/05/11 Proxy Vintage
06/26/11 Large Legacy (Duals)
07/31/11 Legacy
http://www.knight-ware.com