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

Biloxi Boy said:
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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Because I am looking for more than just your answer....No need to be a jerk about this.
 
Buckzapper said:
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.
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Yeah I can understand this, but my agent wouldn't accept an appraisal and said cues weren't covered.
 
Bavafongoul said:
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.
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I will do my duty and would be willing to inherit your collection of cues as well as Fatboy's should anything happen to either of you. They will be properly cared for and played with often! 😂 Shit does happen and it's why I am looking at insurance. Hope you enjoy your cues in the later years.
 
garczar said:
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. ;)
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Ha ha, hysterical! 😂
 
Thanks for everyone's comments and suggestions. I really appreciate the feedback, even yours MS boy. The resources and experience here are great, even if they come with an ocassional salty response.
 
RAMIII said:
I'm sure you have it for your watches! Lol
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Nope, they stay at the bank in the safe deposit box. I never keep anything of value at home.

Insurance is a joke, they decline coverage so often. I know way too many ppl who have had real claims, fair & square get rejected. I’ve seen this pattern for years and years,

I buy liability insurance and have a big umbrella policy.

But possessions that aren’t titled, good luck when there’s a claim. 😡

Best
Fatboy <——-doesn’t insure his guns either
 
Fatboy said:
Nope, they stay at the bank in the safe deposit box. I never keep anything of value at home.

Insurance is a joke, they decline coverage so often. I know way too many ppl who have had real claims, fair & square get rejected. I’ve seen this pattern for years and years,

I buy liability insurance and have a big umbrella policy.

But possessions that aren’t titled, good luck when there’s a claim. 😡

Best
Fatboy <——-doesn’t insure his guns either
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Well when United has developed AI to reject 90% of claims, it makes clear the industry's standard approach. I've handled a number of bad faith lawsuits where the percentage of claims denied is revealed, and it's shocking, depressing and typical....
 

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


If I were a farmer I wouldn't want that responsibility either. :unsure:
 
in almost all cases unless you know something is more vulnerable than the insurance company thinks it is.

buying any kind of insurance is a bad bet and insurance is a gambling bet. yet people pay enormous amounts for insurance during their lifetime for things rarely ever destroyed ,, and are not of enough substantial value that may change their lives. and yet wont bet 20 dollars on themselves on a pool game.

insurance is a bad bet just like playing a slot machine.
 
RAMIII said:
Will Searing give me a value? Half joking with you and half serious because of my Searings.
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of course send him some money for the appraisal and the cue. and get a new tip put on while its there for a few years or more.
 
RAMIII said:
Well when United has developed AI to reject 90% of claims, it makes clear the industry's standard approach. I've handled a number of bad faith lawsuits where the percentage of claims denied is revealed, and it's shocking, depressing and typical....
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It’s brutal the denials they create to preserve profits. I get it from their perspective, but it’s not cool. Health care is worse.
 
maha said:
in almost all cases unless you know something is more vulnerable than the insurance company thinks it is.

buying any kind of insurance is a bad bet and insurance is a gambling bet. yet people pay enormous amounts for insurance during their lifetime for things rarely ever destroyed ,, and are not of enough substantial value that may change their lives. and yet wont bet 20 dollars on themselves on a pool game.

insurance is a bad bet just like playing a slot machine.
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Couldn’t have said it better.
 
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.
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As I did, Find a very good insurance broker (Compass insurance here in Denver) for example, and ditch state farm immediately. Save a ton of money, get far better coverage for less money and have them do an audit every year to be sure you have the best coverage at the best price. Brokers are not tied to one company and actually have your best interest in mind. insurance agents are not your friend!! But they pretend to be very well.
 
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