03-26-2004, 02:09 PM
Folks,
I also checked with my home insurance agent, who told me that the medals collection is covered under the homeowners insurance in the category of fine arts. The protection is against TOTAL LOSS (i.e. theft, fire, etc.). The protection does not cover damages to broken pieces. The price is dependent on the amount that you wish to insure for. I figure that because the values are constantly on the rise, you can assess your collection for a 6-month timeframe, and in 6 months re-assess and raise the coverage amount.
She stated that the only neccessity is to document (spreadsheet) every piece in the collection and keep that file up-to-date and off-site (at a friend's house or in a safety deposit box in a bank)
Oh, and guess what??? She brought up the old "safety deposit box in a bank" conversation, saying that some of the more expensive pieces may need to be in a bank because they may not recover their cost in a total loss due to their rising price.
There is a light at the end of this tunnel!!!
Eric
I also checked with my home insurance agent, who told me that the medals collection is covered under the homeowners insurance in the category of fine arts. The protection is against TOTAL LOSS (i.e. theft, fire, etc.). The protection does not cover damages to broken pieces. The price is dependent on the amount that you wish to insure for. I figure that because the values are constantly on the rise, you can assess your collection for a 6-month timeframe, and in 6 months re-assess and raise the coverage amount.
She stated that the only neccessity is to document (spreadsheet) every piece in the collection and keep that file up-to-date and off-site (at a friend's house or in a safety deposit box in a bank)
Oh, and guess what??? She brought up the old "safety deposit box in a bank" conversation, saying that some of the more expensive pieces may need to be in a bank because they may not recover their cost in a total loss due to their rising price.
There is a light at the end of this tunnel!!!
Eric
Soviet Union is the only country with an unpredictable ... past!
