Obtaining insurance for my collection...
- Thread starter eeng168
- Start date
Insurance
It has to be specified in a homeowners/personal property policy.
I rent, and had to specify my equipment and it's worth for the policy.
Keep in mind though, if you leave a cue in the trunk of your car, it
will not be covered. That also, is a special deal to have it covered
in that situation.
It has to be specified in a homeowners/personal property policy.
I rent, and had to specify my equipment and it's worth for the policy.
Keep in mind though, if you leave a cue in the trunk of your car, it
will not be covered. That also, is a special deal to have it covered
in that situation.
OldHasBeen
Tom Ferry
Have it scheduled on your homeowners.
It is the same as a valuable diamond ring or work of art. It simply has to be scheduled, photographed and paid (extra Ins cost) for. Even though my 44 year old Balabushka is now in a safety deposit box, it is also on my homeowners.
TY & GL
It is the same as a valuable diamond ring or work of art. It simply has to be scheduled, photographed and paid (extra Ins cost) for. Even though my 44 year old Balabushka is now in a safety deposit box, it is also on my homeowners.
TY & GL
Actually I think it is covered. I only had one cue stolden and it was from the car. It was covered by the homeowners policy. Most have set limits though. They also got around $2000. in cash and I only got paid $100. to cover the cash from My ins. company.Snapshot9 said:
B
Bruce S. de Lis
Guest
Troy said:
My Uncle is a Retired Insurance Agent. He always said Photos & Receipts make life easy when you have a LOSS. Also Check with you Insurance Agent, and ask if your Cue are Already Covered, and what the Limit Each Cue is Cover Up to, and what the limit All YOUR CUES are cover up to.
Normally a Cue is like normal house Hold Property, and it it item like:
Guns
Jewelry
Works of Art
that need be put on a Rider.
Talk to you Specific Agent, ask questions, and have them point out IN YOUR ACTUAL POLICY the part where you Cues would be cover for LOSS, Fire, Etc., Deductible, and Amount of coverage for individual Cue & ALL CUES...
eeng168 said:
Most collections would only be covered for $2,000 on your homeowners.
Here is a very good company I can recommend for supplemental coverage:
http://www.collectinsure.com/index.html
They are underwritten by Hartford. They are also licensed to sell in California. They will cover billiard collectibles (not your actual playing cue). $50,000 of insurance, which basically covers fire and theft, is only $186 - $214 annually.
I am in the process of signing up with them. The usual insurance companies can't compete with their rates and policies. Because they specialize, they have policies that are accommodating to collectors and dealers.
Chris
zeeder said:
What they want to know is if the cues are more or less a "collection". They specifically asked me if my cues were "antiques, meaning retired" as long as it wasn't my regular playing cue it was covered.
They have agents on duty who may not be experts at billiards stuff but are very good with insurance on collections and antiques - I would call them and ask - toll free phone: 1-888-837-9537.
The initial form is very easy - all you do is answer a few questions say something like "15 billiard cue collection, replacement value $10,000" and fax it in to them.
Any insurance claim can be sticky. For that reason you need to keep accurate details, inventory, and photographs. I am right now taking an inventory of my stuff, rating the condition, and taking more photos. What I'm going to do is make up a back-up photo CD and a list, plus whatever value information I have, and keep it in a separate place from my cue storage. If I ever do have a claim it will be easier.
Chris
B
Bruce S. de Lis
Guest
I called my "GOOD NEIGHBOR" this a.m.
I called my State Farm Agent this a.m., Cues, Cases, pool Stuff... are not “Sporting Equipment” on my Policy, but are covered as Personal Property to the Aggregate Limit of my Policy. Less Deductible.
Like I said Check with you AGENT, as Policies Differ from Company, and State to State...
I called my State Farm Agent this a.m., Cues, Cases, pool Stuff... are not “Sporting Equipment” on my Policy, but are covered as Personal Property to the Aggregate Limit of my Policy. Less Deductible.
Like I said Check with you AGENT, as Policies Differ from Company, and State to State...
drivermaker
Banned
Troy said:
My insurance company also requires a "rider" just for the cues. It's the same as covering a bunch of jewelry that's over and above the norm. Pictures, receipts, and documentation required.