I've been thinking lately about what would happen if my card were lost in a fire/flood/etc. I've got general blanket insurance that covers everything in my apartment, but nothing specifically for the cards and not really any record, beyond my checklist, of what I have.
Have any of you done anything specific to insure your OverPower collection?
I'm thinking I should! I have tallied the value of my collection (I have multiple sets) and I think it's more than the combined value of everything else I own! Oy! (Yes, I realize what that says about me and the quality of the shit I own... what's it to you?) :P
-BBH
I had a similar epiphany a few months ago: http://www.beenhereandthere.com/SMF/where-to-buytrade/insuring-your-overpower/msg7657/#msg7657
I would guess it would fall under any homeowners policy. I don't know if you would need a specific rider for a specialty item of this nature. It's not like jewelry that has a "street value" but then again, I'm not an insurance agent.
I went through a house fire a little over six years ago. Luckily no Overpower cards were harmed. We did not have any special rider on the policy. I did lose a lot of bulk Magic cards.
The generic policy we had did not cover collectibles; however, for insurances purposes I was able to value over 5,000 bulk cards at $0.25 each with no questions asked or raising any red flags.
I don't have the details, but a rider is needed to insure collectibles; otherwise, insurance companies will pay a portion of the amount to replace a generic item.
ex. You're highly valuable 80's MOC GI Joe collection is "worth" the amount of the number of figures you have times the current day price of a GI Joe freshly manufactured without a rider.
It can be a double edge sword.
That's kind of what I figured. Which makes it really scary when I look around my library. Between my books, comics, cards and video games, the stuff in that room is worth more than anything else I own.
Might be time to call up the insurance agent.
Quote from: Steino on October 02, 2012, 04:51:13 PM
I went through a house fire a little over six years ago. Luckily no Overpower cards were harmed. We did not have any special rider on the policy. I did lose a lot of bulk Magic cards.
The generic policy we had did not cover collectibles; however, for insurances purposes I was able to value over 5,000 bulk cards at $0.25 each with no questions asked or raising any red flags.
I don't have the details, but a rider is needed to insure collectibles; otherwise, insurance companies will pay a portion of the amount to replace a generic item.
ex. You're highly valuable 80's MOC GI Joe collection is "worth" the amount of the number of figures you have times the current day price of a GI Joe freshly manufactured without a rider.
It can be a double edge sword.
Great info. That makes a lot of sense.