As the price of Pokémon cards increases. Our collection generally become more valuable.
I wanted to ask if anyone here uses insurance and if so who do you use/recommend?
Let me know
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I would love to know the same. My collection has grown to the point where my fiance and I just had the conversation that it should probably be insured.
I have read a lot about it online, but getting a proper evaluation seems difficult logistically
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Its obviously going to depend on where you live, but companies like Collectibles Insurance Services, Collect Cover, American Collectors Insurance, etc can help with things like that.
Youll want to be diligent though and ask them what TYPE of payout they offer. Some of them will insure the collection for a few hundred per year, but payout whatever market is. So say you value your collection at $50k, and the market gets volatile and crashes now your collection is worth 1k, and you have a flood at that time. You only get the 1k coverage with that particular plan. There is also ones for agreed upon value, but usually when adding additional insurance youll still be growing your collection. Why that matters is because you will have usually submitted all the photos of your insured collection, and will sometimes have automatic coverage up to a certain amount for cards that have increased in value. With cards these days booming it could be 1 card, or alot depending on the type of collection you have currently, and youll have to constantly update the policy.
All in all there is alot to ask, and many things that would need to be talked about with one of their agents personally as each of them may do things differently.
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I have Collect Insure. Fortunately I haven’t had to use it, but I’ve heard it’s quick and straightforward if you do. Don’t quote me on this but I think James (Z&G) mentioned either here or on a video about having to use it to due a lost package and having good results. (I might be mixing him up with somebody but I’m pretty sure it was him.)
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only insurance i have on cards is my penance stare. i will seek someone out and when i fail, i’ll retire from The Game.
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Collect insure seems like the best option. I reached out to a few other companies but they never got back to me
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Sorry to piggyback this, but does anyone know of any UK-based collectibles insurance companies? A friend of mine across the pond is in need of one.
Considering in my opinion that insurance really has sense for collections with a market value over ,at least, 5 figures.
But I think you should evaluate first if there are sone “key” pieces that are drastically raising the value of the entire collection and maybe store them in a safe box at the bank.
I don’t know how it works in your country but here it’s common for luxury watches and, since few years, high end slabs. In that case insurance is included and also “surveillance” as it is in a bank.
Now and then you can book an appointment and check your goods if you miss them ahahahaha