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Old 04-17-2017, 04:26 PM
rct269 rct269 is offline
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Quote:
Originally Posted by Breakaway500 View Post
Insurance.I'd cover it for a minimum of $5k..maybe more if I could see it. Make sure you take photos and documents and keep them safe, as after a loss it will be all you have vs. them saying prove it.
A good point for ANYBODY who insures their collection------------and your Homeowners contract gives you doodledy-squat (for theft).

For openers, the ONLY insurance worth having is that provided on a REPLACEMENT COST basis---what it would cost to replace the item---and you pick it----and YOU keep it up to date.

And given a loss---and given your insuror saying "Prove it.", they're not asking you to prove you had the loss (although that's a small part of it), they're asking (REQUIRING) you to justify/prove the REPLACEMENT COST amount you're claiming. The documentation you provide is commonly known as a "proof of loss". Give them a good one (GOOD photos documenting condition/PROFESSIONAL appraisals), and your check arrives by return mail. Give them anything they can pick at, and they're going to pick. That's their job. They're better at this sort of cuss fighting than you are. Do your part---get a check. Don't do your part----get a hassle.

Ralph Tremaine
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