Insurance on cues?
- Thread starter Marcl3954
- Start date
Do you need pricing appraisals?
call your agent that carries your homeowners insurance and ask them about an INLAND MARINE POLICY. i am an insurance agent and i have a policy on my cue. its just classified as sporting equipment. i insure the cue at replacement cost. it is $35/yr (minimum premium). if you do not have homeowners, you could probably get it but it would be alot more without the homeowners policy in force.
I had to put a claim in to State Farm after a burglary. They got my Kikel custom, 2 Tigers, 2 cases and all the other dudads stolen, along with a lot of other stuff.
State Farm came thru on everything. I do suggest that you keep records of your purchases (receipts) however. Especially for the big items, cues, cases. It's easier to justify and make the claim.
The smaller items like Tip-pik, chalkers, gloves and whatever MISC. with reasonable $$ replacement was not questioned.
If you have a collection you might want to take photos and get a separate rider with your Home Owners Insurance Policy.
State Farm came thru on everything. I do suggest that you keep records of your purchases (receipts) however. Especially for the big items, cues, cases. It's easier to justify and make the claim.
The smaller items like Tip-pik, chalkers, gloves and whatever MISC. with reasonable $$ replacement was not questioned.
If you have a collection you might want to take photos and get a separate rider with your Home Owners Insurance Policy.
Good Info Guys Thanks!
Good Insurance is not CHEAP, so get a good Homeowner Policy with 500 DEDUCTIBLE, and enough coverage to cover your personal property. Cue are personal Property.
If you have a Big Valuable collection, think GUN SAFE.
If you have a Big Valuable collection, think GUN SAFE.
Your best bet is to have them covered under a rider that covers them away from your premises as well as at your home or Apt. that way they are covered for theft away from your home for the amount of coverage you have them insured for. Make sure to tell them you want agreed value coverage that way as long as you can get a price to replace it over the internet or from a dealer or cuemaker you are all set with no hassel. It is cheap $3,000. is about $9.00 per year.
jackiestax
Banned
Good Insurance is not CHEAP, so get a good Homeowner Policy with 500 DEDUCTIBLE, and enough coverage to cover your personal property. Cue are personal Property.
If you have a Big Valuable collection, think GUN SAFE.
i must agree, also... there are 2 insurance values, replacement cost and retail market value.
of course the retail will be a higher insurance premium price to pay, insure accordingly.
keep reciepts and be able to prove full retail if ever need be. (ie: letters of authenticity, ect)
I've got a a $50,000 rider on my home-owners insurance specifically for my cues and the misses' engagement ring (in the rider it details the cues specifically and PoP for the ring). I also have a separate rider for my guns for about the same. The insurance company never questioned anything when I claimed a single cue that was stolen though I said it was from a pool hall when it was stolen in shipping. They just paid me the replacement cost. My premiums did go from $9 a month to $11 but it was a $3000 cue too.
Not a lot for my peace of mind.
I also keep hi-res pictures of all my valuables to include serial numbers if I can on a USB drive at work in a lock-box. I also try and put my ID into each picture so they can't say I just took a picture from the internet.
Whatever I can to keep my stuff safe. But at the end of the day, the only thing that really matters is that my family is safe.
R,
Greg
Not a lot for my peace of mind.
I also keep hi-res pictures of all my valuables to include serial numbers if I can on a USB drive at work in a lock-box. I also try and put my ID into each picture so they can't say I just took a picture from the internet.
Whatever I can to keep my stuff safe. But at the end of the day, the only thing that really matters is that my family is safe.
R,
Greg
I'm not sure what catagory or whatever it entails, but I remember listing my valuables (tv, stereo, jewels, photo gear, and high end cues) on my home owners policy.
dave
dave
What kind of information should I be willing to disclose when inquiring? My cues are collectible and value cold be subjective. How much additional does it usually cost? I am assuming so much for so much added coverage. Would I be required to have a certain way of storing, e.g, a safe?
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insurance
after buying your insurance policy （as seen above）， don't forget 1) to take pictures of the cue and other items with date stamp as proof of ownership; and 2) to consider having the cue engraved or marking the cue in a certain way in case someone picks up your cue by mistake.
after buying your insurance policy （as seen above）， don't forget 1) to take pictures of the cue and other items with date stamp as proof of ownership; and 2) to consider having the cue engraved or marking the cue in a certain way in case someone picks up your cue by mistake.
I worked as an insurance adjuster for State Farm and they walk the walk. They even taught us that if we were going to err, to err on the side of the policy holder. That told me all I needed to know about State Farm. Wish they took new homeowner policies where I live because they would get my dough.
You Can't take any Chances
Don't assume a damn thing about your current coverage......make sure your policy has "replacement value" because you'll probably have to reference cue dealer websites if you had to replace a cue.......have detailed photos of each cue and make sure you also have a photo with you with all of the cues or each one....leave nothing to chance since anyone can get a copy of any cue and claim it was theirs.......obviously, all communications and paperwork are essential if still available.
Nonetheless, provide your agent with a list and description and estimated value, And be sure to be realistic because if you start off with some overstated, inflated amount, it will inevitably bite you in the ass on the back end. Remember, this policy is for replacement value.....not a declared specific amount like with life insurance. Then follow-up with your agent and be sure to also note which cues are no longer being made, if applicable.
I've done that with all of my guns and pool cues. I have a $1mm Umbrella policy that pretty much covers anything my individual home or auto insurance doesn't....but I still have the guns and pool cues listed on riders. Surprisingly, a couple required a little more detail because of the declared value like my Paul Mottey Cue Level 6 that has an estimated value of $4600-$5500. Any one item that had a value over $5k required more documentation in order to be eligible for more than the "stipulated maximum value limit for any individual item".
At least that's what my experience was and my insurance costs went up a tiny bit since I made sure that these items were all eligible for my auto insurance (break-in or theft) and also off premises loss (taken while in my possession, ex., my back was turned at the pool hall & wham....cue was just gone!).
Anyway, the best advice I can give you is don't rely on anyone's opinion on the Forum, even if the person tells you they're the President of State Farm Insurance........not mine nor anyone else's...........Bullshit......Opinions are cheap and pretty worthless until you confirm things for yourself.......Don't assume anything and just be prudent......Speak with your agent but do the home work first....He doesn't know about pool cues....You're more of an expert than he is.......Give him the data and Ask questions........If you don't and wind up getting burned, it's "YOUR" fault.....not some smuck who you listened to on the Forum.
Don't assume a damn thing about your current coverage......make sure your policy has "replacement value" because you'll probably have to reference cue dealer websites if you had to replace a cue.......have detailed photos of each cue and make sure you also have a photo with you with all of the cues or each one....leave nothing to chance since anyone can get a copy of any cue and claim it was theirs.......obviously, all communications and paperwork are essential if still available.
Nonetheless, provide your agent with a list and description and estimated value, And be sure to be realistic because if you start off with some overstated, inflated amount, it will inevitably bite you in the ass on the back end. Remember, this policy is for replacement value.....not a declared specific amount like with life insurance. Then follow-up with your agent and be sure to also note which cues are no longer being made, if applicable.
I've done that with all of my guns and pool cues. I have a $1mm Umbrella policy that pretty much covers anything my individual home or auto insurance doesn't....but I still have the guns and pool cues listed on riders. Surprisingly, a couple required a little more detail because of the declared value like my Paul Mottey Cue Level 6 that has an estimated value of $4600-$5500. Any one item that had a value over $5k required more documentation in order to be eligible for more than the "stipulated maximum value limit for any individual item".
At least that's what my experience was and my insurance costs went up a tiny bit since I made sure that these items were all eligible for my auto insurance (break-in or theft) and also off premises loss (taken while in my possession, ex., my back was turned at the pool hall & wham....cue was just gone!).
Anyway, the best advice I can give you is don't rely on anyone's opinion on the Forum, even if the person tells you they're the President of State Farm Insurance........not mine nor anyone else's...........Bullshit......Opinions are cheap and pretty worthless until you confirm things for yourself.......Don't assume anything and just be prudent......Speak with your agent but do the home work first....He doesn't know about pool cues....You're more of an expert than he is.......Give him the data and Ask questions........If you don't and wind up getting burned, it's "YOUR" fault.....not some smuck who you listened to on the Forum.
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