Comic Insurance Recommendations1894
Pages:
1
 Collector
|
chiliarch private msg quote post Address this user | |
| I have a modest collection worth about 40K with just one comic more than 1K. Can anyone supply a short list of recommended insurers? |
||
| Post 1 • IP flag post | ||
 COLLECTOR
|
shrewbeer private msg quote post Address this user | |
40k isn't really that modest  Personally I just shot an email to my agent that carries my home, and he added a declared value right to that policy. If I take my books elsewhere they wont be insured though. It barely added anything to my premium (which goes through my mortgage anyways so I don't even notice it) |
||
| Post 2 • IP flag post | ||
 I had no way of knowing that 9.8 graded copies signed by Adam Hughes weren't what you were looking for.
|
drchaos private msg quote post Address this user | |
| I use collector's insurance. For 25K of coverage (and lesser amounts for shows / shipments) I pay $200 every six months. There is a $200 deductible but it beats paying the post office to insure each shipment individually. |
||
| Post 3 • IP flag post | ||
 Collector
|
Watcher private msg quote post Address this user | |
| just make sure you have fairly detailed pics of your books ...they have no problem taking your premiums, but claiming a loss may be a bit of a hassle when they say "prove " what you had...especially through home owners (which doesnt specialize in collector's insurance as far as I know) | ||
| Post 4 • IP flag post | ||
|
COLLECTOR
|
shrewbeer private msg quote post Address this user | |
Quote:Originally Posted by Watcher I'm lucky in that all my books that are worth anything are either graded, or out for pressing or grading at the moment lol. Insurance company cant argue that. Youre right about ungraded books, good luck to anyone trying to collect insurance on that without massive documentation! |
||
| Post 5 • IP flag post | ||
|
I had no way of knowing that 9.8 graded copies signed by Adam Hughes weren't what you were looking for.
|
drchaos private msg quote post Address this user | |
Quote:Originally Posted by Watcher Homeowners insurance will not help you with collectibles unless you have some kind of a rider. You really should get a separate policy for the collectibles. Unless you are bringing your inventory to shows your risk of loss is not very high (unless you are in a big city). The greater risk is the probability that your package will get damaged by the postal service if you sell comics online. USPS takes no responsibility for their mistreatment of your books unless you buy "insurance" from them. Insurance on your collection will protect you in the event of a loss at your home, going to a show, or shipping your books. |
||
| Post 6 • IP flag post | ||
|
Collector
|
Watcher private msg quote post Address this user | |
| @dr...hey Doc...thanks...I figured. But even postal insurance is a tough one..again..prove you had that book in that package. I've heard some horror stories especially when stuff disappears off the step (as delivered) and ended their coverage liability. | ||
| Post 7 • IP flag post | ||
|
I had no way of knowing that 9.8 graded copies signed by Adam Hughes weren't what you were looking for.
|
drchaos private msg quote post Address this user | |
Quote:Originally Posted by Watcher If you pay for signature confirmation (only about $2.50) they have to get a signature. Also, anything you send by priority mail is automatically insured for up to $50 in damage. If you ever end up with a cracked slab you can file a claim to cover the customer's cost to get the book re-holdered. |
||
| Post 8 • IP flag post | ||
 Collector
|
DertyComix private msg quote post Address this user | |
| If you pay for signature confirmation (only about $2.50) they have to get a signature. Also, anything you send by priority mail is automatically insured for up to $50 in damage. If you ever end up with a cracked slab you can file a claim to cover the customer's cost to get the book re-holdered. See that's a good with shipping priority. I don't ship unless its priority just to cover me and my buyer. |
||
| Post 9 • IP flag post | ||
|
Collector
|
Watcher private msg quote post Address this user | |
| Ah...yes, I get it...and I use it. But if you scan the CGC boards at any given time you can find examples (often enough) where the book was dropped off and signed for by the mailman (because no one was there) or by a neighbor and the books disappeared. Trying to get reimbursed for that stuff is a headache. Or when you receive an empty box and it's not through pay pal/Ebay but you signed for it and went inside to open it...or you send a 500.00 book insured priority with sig. and the guy says the book wasn't in there. It seems you have to be able to at least prove purchase price with the post office and what if you sent CGC/CBCS a handful of 300.00 books and they never get there, but the books have been in your collection for years so there's no proof of purchase and no proof the books were even in there. I'm not sure you're getting paid above the 50.00 even if they admit the package got lost. maybe i'm wrong on all counts..I'm not claiming I know the ins and outs...I just hear a lot of stuff and usually never follow up on the final outcome..so I dont know if all ended well for these situations. |
||
| Post 10 • IP flag post | ||
|
I had no way of knowing that 9.8 graded copies signed by Adam Hughes weren't what you were looking for.
|
drchaos private msg quote post Address this user | |
| The best you can do with shipments is to follow the Paypal guidelines and use common sense. | ||
| Post 11 • IP flag post | ||
|
Collector
|
DertyComix private msg quote post Address this user | |
| Well thats kind of difficult not many ppl have common sense these days. I work with alot of good ppl but only a handful have the common sense. | ||
| Post 12 • IP flag post | ||
|
Collector
|
Watcher private msg quote post Address this user | |
| I was just plying devils advocate...I've never had a real problem and been using priority mail for years..but it does happen and there are a lot of dirtbags out there waiting to use the system to take what's not theirs. | ||
| Post 13 • IP flag post | ||
 COLLECTOR
|
DarthLego private msg quote post Address this user | |
| As far as Priority shipping is concerned, the $50 is included, you can purchase additional coverage to whatever amount you want. If you are shipping a $500 book to a customer it's only in your best interest to go ahead and pay a few extra dollars to have $500 coverage on that package. | ||
| Post 14 • IP flag post | ||
 I live in RI and Rhode Islanders eat chili with beans.
|
esaravo private msg quote post Address this user | |
| Use US Postal Service Insured Mail Receipts (Black labels) for insuring packages $500 and under. For example, $300 insurance will add $4.35 to the postage/shipping fee. Use the Blue labels for insuring packages over $500. For example, $3,000 insurance will add $39.05 to the postage/shipping fee. PS - You don't save by insuring for $150, $250, etc. The charge for $150 is the same as $200 ($3.35), and so on. |
||
| Post 15 • IP flag post | ||
 Collector
|
ZosoRocks private msg quote post Address this user | |
Quote:Originally Posted by shrewbeer I found that a fast way to document everything....either on the wall or not.....digitally recorded videos is a great way.....and compact. |
||
| Post 16 • IP flag post | ||
|
I had no way of knowing that 9.8 graded copies signed by Adam Hughes weren't what you were looking for.
|
drchaos private msg quote post Address this user | |
Quote:Originally Posted by DarthLego The point I was making earlier is that if you are comfortable self-insuring (risking) the $200 deductible the collectible's insurance will cover the rest for you. Just keep in mind that if your total is $225 you will probably want to eat the additional $25 so your rates do not increase (it does work like any other insurance that way). |
||
| Post 17 • IP flag post | ||
 Collector
|
Kinzebac private msg quote post Address this user | |
Quote:Originally Posted by drchaos I use Collectors Insurance as well. They are easy to work with and cover comics specifically, which other insurances (e.g. home owners) don't always do. |
||
| Post 18 • IP flag post | ||
Pages:
1This topic is archived. Start new topic?