Appraisals for insurance purposes?

JB Cases said:
I think it's all about each insurance company being different. Sometimes I think that they throw out "go away" number knowing it's not going to be accepted. I just priced some travel insurance from AIG - they only want $1800 to insure a $4000 trip. :-)
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Here John, use ours - it's a decent deal and a good company:

http://www.utinsure.com/
 
Yes and no

ChicagoRJ said:
Actually, I take the view they are your friend. Without them you most likely would not be driving an exotic sports car or live in a nice house, because it would be hard to finance these items from a bank without protection afforded by insurance.

I think about a couple friends that died early, thank god they had life insurance, instead of leaving his family destitute, his kids are going to an Ivy League school, and the other is at Michigan. And the wife could pay off the mortgage, and thus will live in the house they raised their kids in till the day she dies,,,,all from one policy.
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Having sold insurance since 1983 I agree that Life insurance is needed and fair. Insurance companies have 2 yrs. to contest a claim on Life Ins. but if everything on the application was true and in good order they will pay the claim with no problems. Property and Casualty is very different, insurance companies feel they have just made money every time a claim is denied. They will put you thru a wringer asking for more detail and then as a last resort start offering settlements far less then the value of the items. There was something similar written about this a few weeks ago in the Cue & Case gallery about shipping claims being denied. Their goal is to take a long time and wear you down.
 
As noted earlier, check with your insurance company. Many insurer's are different. Some companies have limits for various items under your personal property coverage. ie- jewelry, art, guns etc. Some companies may include the value toward your personal property limit, others will not as they have limits on certain items. Contact your insurer or agent to see how your insurer covers your cues. The cost to insure your cues usually is not that extremely expensive. An earlier poster listed $2500 additional premium for a collection worth 25k. Find another insurer it should not cost more than a few hundred dollars annually depending on the value of your collection. Also the Inland Marine endorsement that is added to cover your cues is usually more broad in coverage than your homeowners personal property so you get better coverage, but your also paying for it.
 
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