insurance
I have had insurance for about 5 years now. It is a seperate rider under my homeowners policy, but they are covered at the unit as well. I had to give apraisels and pictures, but they are covered for the dolar value I listed them at. And yes it is expensive. I am in the middle of updating that coverage to include everything else that I didnt have before......
When I told them about the move to the storage, they had to aprove the location and facilitys before they would issue a location change of the coverage..
Steve
cuenut said:Great collection. Did you recently do any remodeling work for Bill Grassley?
On a side note:
Ifthey are stored offsite, can you purchase insurance for their actual replacement value? Also, I would make sure that the storage facility doesn't have a limit on value of a unit topped off by their insurance carrier. Not unlike some delivery services that will "sell" you insurance to a specific value, but then cap off the claim when loss occurs regardless of the amount of coverage you paid for. You think you are getting more than you actually are. I know in general for a homeowners policy you have to purchase a rider for collectibles, as most tap out the coverage at about $5000. The riders are based on appraised value (or less if you choose), and are quite expensive. You also have to keep a current inventory and formal written appraisals for each cue.
Then if you have a loss you have to actually prove the value to a claims adjuster, which may be a whole other ballgame.
I have had insurance for about 5 years now. It is a seperate rider under my homeowners policy, but they are covered at the unit as well. I had to give apraisels and pictures, but they are covered for the dolar value I listed them at. And yes it is expensive. I am in the middle of updating that coverage to include everything else that I didnt have before......
When I told them about the move to the storage, they had to aprove the location and facilitys before they would issue a location change of the coverage..
Steve
