Comic Book Insurance9736
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 Collector
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comic_book_man private msg quote post Address this user | |
| Does anyone have a recommendation for comic collection insurance that can cover rotating/different books under a single amount? Like $30,000 as a total but for any books (not specific ones). Also, I'm hoping the insurance could cover my books that I've shipped to elsewhere while in transit if the recipient does not have collectibles insurance. Possible? Thanks for any recommendations! Personal experiences a huge plus. |
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 Moderator
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The_Watcher private msg quote post Address this user | |
| Collectibles Insurance https://collectinsure.com/ |
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Collector
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comic_book_man private msg quote post Address this user | |
| @The_Watcher Have you used them personally? Are the prices competitive? | ||
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Moderator
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The_Watcher private msg quote post Address this user | |
| I've used them to insure my collection for years. Never had to file a claim, however. From what I've read elsewhere, their coverage prices are very reasonable | ||
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 Collector*
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Towmater private msg quote post Address this user | |
| Your home owners policy will cover you to a certain amount. Many companies will allow you to increase your coverage. They will have to walk you through the process of how to do it and the costs to do it. | ||
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Collector
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comic_book_man private msg quote post Address this user | |
| @Towmater collectinsure says they reduce the red tape usually associated to home insurance, that seems good? Also when it says "loss in mail" does that include books coming and going from my collection? |
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Moderator
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The_Watcher private msg quote post Address this user | |
Quote:Originally Posted by comic_book_man Your CIS policy covers books that you mail out, so you don't have to get insurance from USPS. You just have to ship it via a particular method (registered mail, priority mail, etc) based on the value of the item(s) shipped |
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 The apple sauce and pudding were the best part...
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Bronte private msg quote post Address this user | |
| In regards to collectinsure, the books insured are not itemized unless you reach a high enough tier. I think the tier is 25k. Per item. (I know that a hulk 181 9 4 didnt need to be itemized) There are 2 different types of coverage. Collector and reseller. I think the coverage for 100k is about 500$ at the collector rate. |
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Collector
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comic_book_man private msg quote post Address this user | |
Quote:Originally Posted by The_Watcher What if I do like FedEx 2-day? |
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Collector
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comic_book_man private msg quote post Address this user | |
Quote:Originally Posted by The_Watcher Will it cover comics in transit to me from someone else? |
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The apple sauce and pudding were the best part...
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Bronte private msg quote post Address this user | |
 The above information is based on my coverage. It shows shipment type vs coverage limit. My coverage is 100k |
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 I bought a meat grinder on amazon for $60 and it's changed my life.
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kaptainmyke private msg quote post Address this user | |
| I have 100k dealer policy with collectinsure.com | ||
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Collector
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comic_book_man private msg quote post Address this user | |
Thanks for the input guys, sounds like collectinsure is my best route!  |
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 Collector
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X51 private msg quote post Address this user | |
| All I know is that a local shop was insuring their case books and when it went time to actually file a claim, all they got were excuses and no compensation. They subsequently dropped their insurance, removed all higher priced back issues, and sold only new comics going forward. I would want to know exactly what proof of value is necessary if a claim is filed. | ||
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The apple sauce and pudding were the best part...
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Bronte private msg quote post Address this user | |
| @X51 In my specific case, I only want to insure books that are graded. I may have raw books worth a couple of grand in total in storage boxes but I just dont see it being easy to file. The graded books, I took a picture of each book with grade and serial number. I asked what I could use as proof of value. Overstreets and other price guides were acceptable. I specifically asked about completed Ebay auctions. They said that would be fine. One thing I do need to ask them about during this renewal period is, original art. First, is it covered. Second, How are you suppossed to value a piece of art? Aside from a receipt of what you paid for how do you prove arts value? |
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 I had no way of knowing that 9.8 graded copies signed by Adam Hughes weren't what you were looking for.
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drchaos private msg quote post Address this user | |
Quote:Originally Posted by comic_book_man You need a dealer's policy to cover an unspecified group of books of a certain value (say $30,000). I believe the logic is that a dealer will have rotating inventory while a collector would be required to list the books in their collection for them to be covered. |
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 Thank you sir. May I have another?
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Siggy private msg quote post Address this user | |
Quote:Originally Posted by Bronte That sounds about right. 150k coverage is a little over $600 for the collector rate. |
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 Collector
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Rafel private msg quote post Address this user | |
Quote:Originally Posted by The_Watcher How do they appraise your collection? I understand graded comic books but how do they appraise raw ones? |
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Moderator
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The_Watcher private msg quote post Address this user | |
Quote:Originally Posted by Rafel You assign a value to your books. If you mean how do they determine value in the instance of a claim, I asked them and all they would say is that they use various sources to assess value |
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Collector
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X51 private msg quote post Address this user | |
Quote:Originally Posted by The_Watcher I would not be pleased with that answer. |
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Thank you sir. May I have another?
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Siggy private msg quote post Address this user | |
Quote:Originally Posted by X51 Neither do I, but so far I haven't heard (through the community- which is all that matters) of someone with a more collector-friendly answer. No doubt they'd use an Overtreet guide, or some other source that would give them a LOW number. As long as it isn't the cover price lol |
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 Collector
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VaComicsGuy private msg quote post Address this user | |
| I know there are several companies that offer agreed value / stated value policies, including USAA. https://www.usaa.com/inet/pages/insurance_collectibles_main?akredirect=true I don't use them but a friend does and said he likes the policy and customer service. |
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Thank you sir. May I have another?
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Siggy private msg quote post Address this user | |
| I'm reminded of the State Farm "she shier she shed" commercial. These crack me up- suggesting their coverage automatically means you'll get even BETTER stuff if your stuff is damaged/destroyed. The commercial screams Insurance Fraud lol I think Cheryl burned it down. EDIT: And Victor is whipped. |
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 -Our Odin-Rest in Peace |
Jesse_O private msg quote post Address this user | |
@Siggy saw this the other day and LOL!! |
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Collector
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comic_book_man private msg quote post Address this user | |
| So is the community split here on whether comic specific insurance is a good idea and who to get it from? My goals are coverage while shipping and while in my home. Is that too tall of an order without red tape/beauracracy? I want a simple solution but maybe it's not possible? Let's simplify this to YES or NO And if YES...who from? All feedback appreciated!! |
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The apple sauce and pudding were the best part...
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Bronte private msg quote post Address this user | |
| For what it's worth, my renewal literally arrived today. I sent them an email asking them how to value raw comics and original art. (I dont have raw books, but figured I'd ask since a few of you expressed curiosity as to how it is covered) I should get a response tomorrow. They are usually pretty quick in response. As for yes or no, I say it's better than state farm, but I have never had to file claim and cant compare to other services If you are truly interested in getting insurance, you may want to expand your search parameters outside of the forums. If you are going to sink a few hundred bucks a year, you might as well be well informed about your decision. BBB and CGC forums come to mind.... |
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Collector
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X51 private msg quote post Address this user | |
| My answer has always been "no" when I ponder to myself whether I should insure my comics. I'd rather spend the money on more comics than pay to insure them. The chase is better than the catch for me. | ||
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The apple sauce and pudding were the best part...
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Bronte private msg quote post Address this user | |
| Here is the reply collectinsure gave me in regards to the questions submitted. 1. We do cover comic art 2. Our policies are market value policies. We define market value as the value of an item just before the time of loss. When a loss occurs, our claims adjuster will ask the you for your inventory lists along with approximate values. As long as the adjuster can verify the values within reason, the you will be paid accordingly 125k policy is just under 600$ |
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Collector
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comic_book_man private msg quote post Address this user | |
| What's the best place for a dealer to get insurance? As far as rate and such goes... Versus just for personal collections. |
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Collector
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comic_book_man private msg quote post Address this user | |
| So far I'm sort of comparing SureApp vs Collectinsure. Cant decide... | ||
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