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  1. #1

    Question Maybe a dumb question.....

    I was just admiring photos in the "Collections" section and it gave me pause to wonder: do any of you have insurance riders on your collections?

    I don't bother because my collection is very modest (about 200 figures). But some collections look like they out-do the Smithsonian Institute!

    Just wondering............
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  2. #2
    I don't, but I should. I've got over 500 (loose) figures displayed in my room, from vintage all the way to the 30th Anniversary Collection.
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  3. #3
    I dont eitehr, but need to get it.
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  4. #4
    I don't believe that my insurance company (USAA) will cover this kind of collection. Stamps, coins, rare stuff...but toys? I don't think so, but am not sure. Would be nice though. I'm sure I'm over 1000 figures at this point with ships and playsets and other collectibles. Wouldn't even know how to price it for a value.

  5. #5
    Quote Originally Posted by stillakid View Post
    I don't believe that my insurance company (USAA) will cover this kind of collection. Stamps, coins, rare stuff...but toys? I don't think so, but am not sure. Would be nice though. I'm sure I'm over 1000 figures at this point with ships and playsets and other collectibles. Wouldn't even know how to price it for a value.
    I dunno that they're "just toys". Imagine all the hard-core Barbie collectors, for instance. I would think these (toy) kinds of collections are becoming more mainstream these days. And insurance companies are always glad to take your money. There's gotta be one around somewhere. Companies insure celebrities' body parts....some of them are plastic, so why not SW toys?
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  6. #6
    My collection is by no means of Smithsonian proportions, but when I asked my insurance company if I could take out additional coverage for them they told me it wasn't necessary because they'd be covered under my regular policy.
    It's a blacked-out blur but I'm pretty sure it ruled.

  7. #7
    Quote Originally Posted by CaptainSolo1138 View Post
    My collection is by no means of Smithsonian proportions, but when I asked my insurance company if I could take out additional coverage for them they told me it wasn't necessary because they'd be covered under my regular policy.
    They say that now, but you better have photos and lists of what you have at a place other than your house. If your house burned down and you said you had $10,000.00 in action figures good luck getting them to just cut you a check.

    I'll bet you that they would also argue that the figures were not worth close to what you paid for them. Maybe a view vintage figures have appreciated in value, but most of the figures are worth pennies on the dollar now.

  8. #8
    Quote Originally Posted by Droid View Post
    They say that now, but you better have photos and lists of what you have at a place other than your house. If your house burned down and you said you had $10,000.00 in action figures good luck getting them to just cut you a check.

    I'll bet you that they would also argue that the figures were not worth close to what you paid for them. Maybe a view vintage figures have appreciated in value, but most of the figures are worth pennies on the dollar now.
    I'm sure they would contest the dollar amount for exactly the reasons you stated. What I did was simply took out a larger policy than I believe I'll need to cover stuff like that. I think I have a $50,000 policy that I pay for every month. Since we just rent, I only need to worry about the contents of the structure.
    It's a blacked-out blur but I'm pretty sure it ruled.

  9. #9
    I think we have 25k on our apartment. We sat down and figured it out, in an absolute catastrophe, we would have about 15k to spend on things after the basics of bed and electronics were replaced. While it scares me to know end to have my collection with me for the first time in years, moving and losing stuff due to packing and lugging stuff and getting into an accident on the road seems more probable than losing it all in a fire/tornado (says after 1 year anniversary of a tornado locally)
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  10. #10
    I had my insurance agent come by and we went over what was covered. He looked over my collection, and he put it in the policy. What he said wouldn't be covered was if it were to flood from rain waters, and my collection was to get damaged, then I wouldn't be able to collect, but if a sewagw pipe or other water pipe were to burst and my collection was damaged, then I would.

    A friend of mine had a sewage pipe burst in his house, and his action figures were damged in, well, sewage. He had the stuff taken out to the garage where his agent came by and gave him Brians toys retail value for. He got a nice check, but I don't know that he bought more collectibles.
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