[meteorite-list] Meteorite Appraisal for Insurance?
From: Brian Cox <searchingforfun_at_meteoritecentral.com>
Date: Mon, 5 Sep 2011 14:48:49 -0500 Message-ID: <5D92FA5DD65C4AD8B155CA65A5596A23_at_BrianPC> Hi Folks, Most major insurance companies such as State Farm, Allstate or Progressive will simply tell you: "GET a Safety Deposit Box for your valuable collections." They won't insure or don't want to tackle something that is worth over a few thousand dollars. I checked into this 12 years ago when I started collecting meteorites, and also coins, stamps, jewelry, etc. If you really wanted your insurance company to cover anything over $3,000 they have to attach a Rider and you're paying out the Whaaazooo in premiums. The most common sense thing to do is go to your local Bank and get a safety deposit box that is large enough for all your most valuable collections, either Meteorites, coins, stamps, gold, silver, jewelry or whatever and you pay a yearly fee which would be cheaper by far than an insurance premium. Plus you're better covered by your bank from fire, theft, flood or anything that might happen in your home and you can always go and visit your things or bring some home for a while. It just doesn't make sense to pay HUGE premiums and risk something that is so hard to value, especially older historical meteorites that keep going up in value and items that just can't be replaced for their beauty such as jewelry and other collectables. Take care, Brian Cox Received on Mon 05 Sep 2011 03:48:49 PM PDT |
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