03-19-2003, 03:54 AM
I talked to my home-owners insurance company (PEMCO) about insurance on an order-and-medal collection and received the following answer:
Because orders and medals are not specifically listed in the insurance contract with a coverage limit (it seems the field is not well enough established as a collectible), the collection is treated just like general household goods and the fairly high limit for household content, which is part of the home-owners insurance, applies. This means, no extra fee is charged for the collection.
However in case of a loss, the value must be proven by an inventory with prices either established by purchase receipts or dealer appraisals.
I wonder whether Paul McDaniel will on request add an appraised value to his certificate or whether any dealer on this forum has established an appraisal process.
Because orders and medals are not specifically listed in the insurance contract with a coverage limit (it seems the field is not well enough established as a collectible), the collection is treated just like general household goods and the fairly high limit for household content, which is part of the home-owners insurance, applies. This means, no extra fee is charged for the collection.
However in case of a loss, the value must be proven by an inventory with prices either established by purchase receipts or dealer appraisals.
I wonder whether Paul McDaniel will on request add an appraised value to his certificate or whether any dealer on this forum has established an appraisal process.
Dietrich
