Is There an Alternative to Collectibles Insurance Services?21726
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 I've spent years perfecting my brand of assholery.
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DrWatson private msg quote post Address this user | |
| Hello All, I have had CIS for a few years and every year they keep going up. They are now about $150 more pet year than when I first started. Is there anyone else out there that I can check into about insuring my books? Or someone else you use? Thank you. |
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| Post 1 • IP flag post | ||
 Collector
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weinsteinjt private msg quote post Address this user | |
| americancollectors.com 50k policy costs $200-250 annual and covers comics in shipments | ||
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 Collector
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Terk13 private msg quote post Address this user | |
| @weinsteinjt Do they require some sort of updated inventory annually? Do they just go on your word or do they ask for photos? | ||
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 I don't believe this....and I know you don't care that I don't believe this.
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GAC private msg quote post Address this user | |
| Certainly look around for quotes...always a good idea to see what other markets can offer. If you find cheaper, similar coverage? Consider the loyalty to CIS you are giving up that should be/could be used in a claim situation. In a "grey area" of a claim...the loyalty card can be what you need to push the claim in your favour. Just something to consider in case you get quotes that are $20 cheaper (or whatever amount you deem not significant). |
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| Post 4 • IP flag post | ||
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Collector
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weinsteinjt private msg quote post Address this user | |
| Just initially they will ask for an inventory list with your estimated values and photos of any book over $2k. Their underwriters will value the collection and assign a policy amount. You can increase your valuation at anytime but will then need a new inventory listing and photos of new books over $2k. Renewals don't require another new inventory listing. They take your word as far as the listing but not on the over $2k books. I've been with them a few years already, so hopefully it's still the same process. I never had to submit a claim, thank God, so I don't know what that process is like. | ||
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 Apparently, I am easily annoyed.
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Rbolton private msg quote post Address this user | |
| I roll mine in with an addition to my home owners for my books and my guns. I have never had separate policies. | ||
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 My Chihuahua is watching me in case I do something cool.
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ICConquest private msg quote post Address this user | |
| @Rbolton This is what I do also. | ||
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Collector
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Terk13 private msg quote post Address this user | |
| @weinsteinjt Makes sense. Thanks for the info! | ||
| Post 8 • IP flag post | ||
 Collector
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Briten private msg quote post Address this user | |
| @Rbolton nailed it! That what I do. | ||
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Collector
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weinsteinjt private msg quote post Address this user | |
| @Rbolton I had a $1M USAA umbrella policy with separate policies for jewelry and firearms. My wife's jewelry and my firearms collection started getting too big and exceeded their policy limits,so they suggested I use American Collectors for complete coverage. It's so happens they also covered comic books, including any books in shipping/transit, a happy coincidence. | ||
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Collector
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weinsteinjt private msg quote post Address this user | |
| @Terk13 Your welcome bud!! | ||
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 I'd like to say I still turned out alright, but that would be a lie.
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flanders private msg quote post Address this user | |
| This reminds me, I forgot to renew my policy! | ||
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 I have a problem with fattening women up.
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Bronte private msg quote post Address this user | |
| American Collectors Insurance 951 Haddonfield Road Suite 2A Cherry Hill NJ, 08002 I bailed on cis because they dont cover hurricanes in Florida. This company does. However, they are a bit more problematic. For example you have to itemize all books and artwork over 2k in value. They do cover original art as well but require an appraisal. I used Romitaman. And they accepted it. |
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 If the viagra is working you should be well over a 9.8.
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xkonk private msg quote post Address this user | |
| I also have a rider on my homeowner's policy. The main issue for you could be that it doesn't cover shipping; the assumption is that stuff stays in your house for the most part. | ||
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 Ima gonna steal this and look for some occasion to use it!
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IronMan private msg quote post Address this user | |
Quote:Originally Posted by Rbolton For all of those that said you have insurance through your homeowners policy. I tried doing that with State Farm and the premium quoted was really, REALLY high. Nor did it include private shipping insurance. @weinsteinjt Thanks! I'll look into them. Do you know if they have dealer policies? CIS does. A dealer's inventory changes constantly. What one is looking for in a dealer policy is just a flat coverage limit and private shipping insurance. Also some coverage for inventory at shows / off site. I currently have both dealer and collector policies with CIS. I should mention that I have had one claim with CIS - a package I shipped lost by USPS - and the claim process went well. I posted about it on this forum years ago. CIS paid about $800 as I recall. They didn't refuse to renew my policy and the price at renewal did not go up. |
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I don't believe this....and I know you don't care that I don't believe this.
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GAC private msg quote post Address this user | |
| @IronMan While price for coverage is important for sure...what's more important is the claims experience. You don't want headaches or the insurer considering claims' denial...your claims experience sounds like how it should always be....quick and ending with money in hand....that type of claims experience has value. | ||
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Collector
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weinsteinjt private msg quote post Address this user | |
| @IronMan I don't know if collector's has dealer insurance. When I started a policy with them I was just a collector. I never asked them about a dealer policy. Thanks for the info about CIS, I'll look into them as well if collector doesn't have a dealer policy. Are there limits on the inventory valuation for that $800 policy? | ||
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Ima gonna steal this and look for some occasion to use it!
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IronMan private msg quote post Address this user | |
Quote:Originally Posted by weinsteinjt $800 was the amount that CIS paid for a claim on a lost shipment of a comic book. Not the price of the policy. CIS is really easy as far as inventory goes. They only require a specific schedule (list of item(s)) valued over $25,000 |
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| Post 18 • IP flag post | ||
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Collector
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weinsteinjt private msg quote post Address this user | |
| @IronMan I requested a quote from them, if they ask who referred me I'll let them know IronMan sent me. Thanks Bud! | ||
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Collector
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weinsteinjt private msg quote post Address this user | |
| I just got the quote, that was pretty fast. Wondering if this is fair pricing. Collectibles Insurance Services estimated dealer quote: Policy Limit of Insurance: $500,000 Estimated Total Annual Cost: $4,134.90 Away from Scheduled Premises & Personal Travel Coverage: 10% of policy limit of insurance Signature Required Shipment Coverage: 10% of policy limit of insurance Any Suggestions/Opinions? |
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I have a problem with fattening women up.
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Bronte private msg quote post Address this user | |
| @weinsteinjt When i had cis, the burglary amount was less than my covered amount. I had to pay extra to match the coverage of 200k. My suggestion is to read the contract carefully and make sure the coverage is what you want it to be, dont assume like I did. Thankfully I never needed to put a claim in but after hurricanes the next likely loss would be theft. |
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