Insuring Outrageous Pool Cues-Farmers won't cover them....

R

RAMIII

AzB Silver Member
Silver Member
Drawing from a previous post today, this seems like a timely topic. I have a handful of high price and maybe some would call them outrageously priced pool cues. The LA fires had me wondering how I should prove their value to my insurance company should anything happen to them. Side note, if you or a loved one are suffering from disaster due to the fires, I am terribly sorry for your loss! I came to learn that despite a Farmer's umbrella policy and high coverage home policy, pool cues are not covered....This is crazy!
My agent has suggested that I seek out small business insurance, even though I don't buy or sell often. I am floored by the response I received. Save the sarcasm about insurance companies not paying; I get it. I presumed with proper documentation I would be well protected and might even need a floater as I've had in the past for jewelry or watches.
Clearly some people have very nice collections here and I wondered if anyone had advice for how I should insure the cues?
Thanks in advance for any guidance folks can offer.
 
I don't have any experience with cues, but I know from the watch world that Chubb is a good provider of insurance for things like this and they even have "collection" insurance on their website:

www.chubb.com

Collectibles Insurance | Chubb

Whether it's stamps, coins, wine, sports memorabilia, silver or etc, Chubb can help protect collections big and small. Explore our valuable articles insurance.
www.chubb.com www.chubb.com

I would look into something like that geared specifically towards the collector market.
 
I'm a State Farm agent in Pennsylvania and have what is called a "Personal Articles Policy" on my high valued cues (Only have three so it is nothing obnoxious). Guards against 16 possible perils, including theft, damage and being destroyed. Costs about $100 a year with $0 deductible.
 
Your insurer should be able to build you a custom rider that hangs off your homeowners policy that specficlly covers your cues.

I have three riders on my policy, one for guns, one for art, and one for cues. All three riders cost me around $450 a year but have no deductible and covers everything that is included in them.

I did have to document in a spreadsheet with photos, edition number, or serial numbers for covered items to make sure they are in the policy and will pay out at full replacement value
 
RAMIII said:
Drawing from a previous post today, this seems like a timely topic. I have a handful of high price and maybe some would call them outrageously priced pool cues. The LA fires had me wondering how I should prove their value to my insurance company should anything happen to them. Side note, if you or a loved one are suffering from disaster due to the fires, I am terribly sorry for your loss! I came to learn that despite a Farmer's umbrella policy and high coverage home policy, pool cues are not covered....This is crazy!
My agent has suggested that I seek out small business insurance, even though I don't buy or sell often. I am floored by the response I received. Save the sarcasm about insurance companies not paying; I get it. I presumed with proper documentation I would be well protected and might even need a floater as I've had in the past for jewelry or watches.
Clearly some people have very nice collections here and I wondered if anyone had advice for how I should insure the cues?
Thanks in advance for any guidance folks can offer.
Click to expand...
Floater.
 
i take my own risks. it so far has worked out well putting all that money into stocks.

but insurance for things like cues you only get a small amount in your homeowners policy. you get a rider for whatever you want but pay dearly for it. you must have them appraised or some way to identify what was lost and its replacement costs. you cant wing it.

if you cant afford to lose it you probably cant afford to own it.
 
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Last I checked, HO Policy provides limited coverage for many things. Guns, stereo equip., jewelry . . .

"What you are looking for is an Inland Marine rider to your homeowner's policy. This should be an all risk policy with no geographical restrictions -- in other words: all risks/all over the world. If you have problems, I would suggest an independent agent who has the ability to write for a variety of companies. My opinion, based on experience, is that Nationwide, et al., is not who you want to be dealing with. However, there should be at least one insurance cat on AZB who can give you chapter and verse."

Value is stipulated when coverage is written -- you have to supply evidence of value at outset. They have to pay upon proof of loss. I had damaged guns that were a total loss from salt water. They paid the stipulated value quickly -- they cannot adjust a total loss on this type of policy. Might have taken longer if the guns had washed to sea.

See, https://forums.azbilliards.com/threads/insurance-for-my-cues.537603/#post-7119013

Do us all a favor and learn to use the Search function.
 
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My Allstate agent told me most homeowner's policy will not pay off on a pool cue, unless they have photos and a letter from a certified appraisal service. Many insurance companies have the exact same requirements. This keeps someone from claiming their lost Action cue was a Szambodi.
 
My State Farm Insurance has a rider listing my pool cues, guns, jewelry and watches.
At my age, I don’t have enough life remaining to replace these artifacts on my own.

In case of a catastrophe, I’d tried to make sure I’d get equivalent funds for my children.
Meanwhile, I keep my fingers crossed I’ll never have to rely on it. Shit happens in life.
 
jasonlaus said:
If the original builder is alive get a value/replacement cost from them
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I had a Richard Black stolen from my car. I had to get a letter from Black attesting to its value before they would pay for it. They did pay but I also had a money bag with like two thousand and they would only pay a flat amount of five hundred.
 
This reminds me of the old law fable about the guy who tried to collect insurance on some real hi-dollar cigars. He said they got burned up in a fire. Well, they did in a way, just one at a time. He didn't collect. ;)
 
slide13 said:
I don't have any experience with cues, but I know from the watch world that Chubb is a good provider of insurance for things like this and they even have "collection" insurance on their website:

www.chubb.com

Collectibles Insurance | Chubb

Whether it's stamps, coins, wine, sports memorabilia, silver or etc, Chubb can help protect collections big and small. Explore our valuable articles insurance.
www.chubb.com www.chubb.com

I would look into something like that geared specifically towards the collector market.
Click to expand...
Thanks, having lived in the world of litigation, Chubb almost always pays instead of going to trial. They're the company you want if you want to avoid hassles. I'll take a look!
 
KAP1976 said:
I'm a State Farm agent in Pennsylvania and have what is called a "Personal Articles Policy" on my high valued cues (Only have three so it is nothing obnoxious). Guards against 16 possible perils, including theft, damage and being destroyed. Costs about $100 a year with $0 deductible.
Click to expand...
Thank you, I'll ask about this option. Wonder why my agent didn't suggest this?
 
Benelli said:
Your insurer should be able to build you a custom rider that hangs off your homeowners policy that specficlly covers your cues.

I have three riders on my policy, one for guns, one for art, and one for cues. All three riders cost me around $450 a year but have no deductible and covers everything that is included in them.

I did have to document in a spreadsheet with photos, edition number, or serial numbers for covered items to make sure they are in the policy and will pay out at full replacement value
Click to expand...
Thanks, I'll ask about this option!
 
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