Post #113687 by 8FT Tiki on Fri, Sep 10, 2004 6:06 PM

A few years ago we considered taking out a special policy to cover our collectibles.
Our agent said that it would have to be done as a "rider" to our renters policy. It meant that we would have to have an appraisal done for all of the items and this would have to be done by a qualified appraiser. We knew that it would be fairly hard to find a person who fit this description because it takes a lot of years to acquire the specialized knowledge which an advanced collector has. We figured that we would not be able to get an accurate enough appraisal so we did not pursue it further. That does not mean that you couldn't get close or that you shouldn't get an appraisal done. I just feel that often times the collector is more able to know the current values of their items much more accurately than a general appraiser. And the insurance co. may not want to take YOUR word as to the price of what the replacement value of your items is. I suppose that we all just take a chance that we don't get hit by fire, flood, tornado or whatever. Hopefully we don't ever have to suffer the damages of such things as earthquakes, hurricanes or thieves. You do need to have photos of your stuff and keep them in a safe place.