Who's actually got an insured collection?

Discussion in 'Transformers General Discussion' started by Psychrome86, Mar 5, 2008.

  1. Psychrome86

    Psychrome86 Well-Known Member

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    I know you're out there. there's got to be someone who's got insurance on their transformers collection. anybody? if someone responds i just want to know how many items it's comprised of.
     
  2. Smokescreen

    Smokescreen The Ultimate Gambler TFW2005 Supporter

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    Anyone who has a basic Homeowners Insurance policy technically has insurance on their TFs along with everything else in the home. Of course, each policy can vary.
     
  3. Astroscream

    Astroscream News Cred > Street Cred

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    I agree, in fact the majority of my small policy would go to cover the cost of my collection.
     
  4. Bryan

    Bryan ΜΟΛΩΝ ΛΑΒΕ

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    Homeowner's policies aren't very good for covering collectibles. Most will treat their value as an adjustment of their retail price--usually depreciated.

    I have a seperate policy for my collection, with Collectibles Insurance Agency. Never made a claim, so can't speak to their service, but for the price, it alleviates some worry of mine.
     
  5. Kenucme

    Kenucme Yes, I'd get that one too TFW2005 Supporter

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    I inquired about insurance a year or so ago. I was looking for that additional coverage over my renter's insurance. I was basically told that my collection had to have a value of $8,000 to $10,000 minimum to start a policy. Even though the estimation of value is subjective, I decided on $5,000 at the time. I'd say where I'm standing now, it's about time to start.
     
  6. Psychrome86

    Psychrome86 Well-Known Member

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    the reason i ask is because i recently found a few companies that specialize in insurance for collections. the collections they have in mind are stuff like coins, memorabilia such as sports, tv, cartoons, pop culture stuff. i figured any kind of homeowners/renter's policy would cover it all but i guess i should have asked if anyone has insurance solely on their collection.
     
  7. sto_vo_kor_2000

    sto_vo_kor_2000 Banned

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    Can you name those companies???I've been looking into getting insurance for both my Action figure and comic book collections.
     
  8. wheeljaxx

    wheeljaxx Banned

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    mine are covered under special clause under the home owners insurance, it makes special mention of the collection, so it's not just an umbrella coverage. the collection is mentioned specifically, and has a detailed outline of coverages and such.
     
  9. weeklyhero

    weeklyhero Prototytan

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    I'm not worried about covering my toys, they're almost all loose and in so-so shape, but I really would like to cover my comic book collection (only a few issues to go for the entire Marvel run). How much extra does the special clause xost over the home owner's insurance?
     
  10. Easterling Capt

    Easterling Capt I am Vern Schillinger

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    as most of mine are in a storage room with high securetu I have it insured for around 300 000 SEK but is has more then just most of my TFs.
     
  11. XJunky

    XJunky Howdy Ho Veteran TFW2005 Supporter

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    Same here. My Wife made sure to tell the agent that I had a Transformers collection. We gave him the current market value, took pictures and junk and it's specifically mentioned on our policy.

    ~X
     
  12. Counterpunch?

    Counterpunch? Interior Renovator

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    I wrote an article over at Seibertron which discusses what you need to know about insuring a collection:

    http://www.seibertron.com/energonpub/viewtopic.php?f=4&t=34185

    The first part deals with some general protection of toys issues that were being discussed at the time and moves on to insurance issues as the article progresses.

    Several posters who work in insurance added to the info as the discussion goes on. All of the insurance stuff comes from experience I had in claiming theft of a collection. Hope it helps some of you out.
     

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