Insuring Your Collection- Any recommendations?

Yeah the biggest weakness to those safes is the space between the body and door its a huge gap for a large pry bar to fit into, and if you don’t bolt down your safe its even easier to pry into. it doesn’t pay to cheap out especially considering most people use them for firearms which can cost more than most card collections.

@crios711 have you seen some of the collection threads here? I have guns in mine too but single cards that outweigh the value of those easily. It pains me to think some collections sit inside a cardboard box below peoples beds. The cost of a decent “safe” that will protect against 90%+ smash and grab and against all fires is less than a single PSA 10 1st edition holo.

1 Like

Yeah I have but I doubt some the more valuable collectable guns cost less than some of the more value collectable single “pokemon” cards available. I think a single army action colt original can fetch in the 100’s of thousands of dollars if not that specific gun some are. Not to mention the fees and background checks associated with curio and relic collections. But i agree its best to have a good safe even if not top of the line because most burglary is just that a smash and grab, a junkie who isn’t knowledgeable so its best to have some protection.

Well I live in North Carolina, and have lived in Florida and Texas as well. Gators are fine in most parts of TX/NC and they live wild in those states as well.

1 Like

I put my collection in a safe which is placed in another big fireproof/waterproof/bulletproof safe, which then is placed behind some heavy furniture then inside a storage, which is manned by 2 security guards with real guns 24/7 and cameras pointed at the entrance of the storage which are monitored by me.

Haha so all jokes aside, no one has a specific insurance for their collection? Just mainly through their homeowners insurance?

We used the below for two of our stores. Pretty expensive though…

collectinsure.com/what-we-insure/sports-cards-memorabilia?gclid=CM2DtsfbiNMCFdNyfgoddx0DPw

1 Like

Here’s a quote for 100,000.00 worth of coverage

imgur.com/gallery/4NWlR
via Imgur for iOS

3 Likes

Thanks! @KingPokemon I really appreciate it! This is more of what I was looking for to have an idea! :blush:

Falls right in the 0.5% - 2% window which is the norm. I think 2% would be really high and really only applies to the “I store my collectibles in a shoebox under the bed in a dorm/apartment” crowd which is probably a fairly high portion of Pokemon collectors. To get under 0.5% you really need to be a quite high end safe storage in a security monitor location.

And that quote was based on minimal alternate security…like a shoebox under the bed.

I think I’d be able to use my eBay store as proof of possession, if that’s an insurance term.

Blerh I hate insurance…
But need to do it eventually.

Australia is dangerous… especially the Sydney Western suburbs.
My house was already robbed previously years ago. And I have been threatened with machetes at my old job.
I sort of walked up to the robbers like an idiot. They jumped the counter when I was near the store room. I didn’t care…
But when I seen the knives up close, just let them take the $250 odd in my counter…

The same store near my house has been held up before.

This was just an old basic video store. Since shut-down now…

Also, interesting to note car insurance for my suburb in Sydney is double the cost of ‘safer’ suburbs in the cities north. So I’d hate to even think of the quote for collectables in a store out west haha…

Anyone in Sydney will know how uneven insurance is.

5 Likes

That image makes no sense to be Australian… :laughing: First of all those are moose instead of a kangaroos, and the house in the background has a USA flag instead of Australian.

Greetz,
Quuador

@quuador hahahahaha didn’t even noticed the flag lol.

Are these better? Not that Florida is that much different lol.

5 Likes

You should be able to insure through your contents insurance. As said previously they have limits on certain things so depending on how much you want to insure your collection for, you may need to specify it as a certain item with a value.

The whole documentation thing worries me a bit as in the information you’re given I’ve never received anything on what I need to have to prove I own anything. I mean sure they probably expect everyone has a fridge and TV but card collections, how specific would you need to be?

I was “No” years ago. And after working with insurance companies over 25 years, that sounds right.

Which ‘contents insurance’ company insures trading cards?

Which companies homeowners policy covers collectible trading cards?

I think most/all of them would have coverage of some sort. For most here though I think it would fall short of the actual value of their collections that is why everyone case by case should look into it themselves. I think my policy only allows for $1,000 in cash/collectibles, they are under the same umbrella.