Posted by Tillie on 7/21/2009, 8:45 am, in reply to "Inventory & Insurance Assisstance"
76.19.132.155
As promised, here are the posted responses from when I asked the insurance question a little while ago. Since then I have inventoried my pieces in the easiest way by purchasing the WFFCC master List and checking off the pieces I have with a notation of the price I paid. I also set up a photo shoot similar to what Bill does on the Mouse Trap site and photographed each one. (The Collectible Insurance Co. listed does not require the photos and they are very helpful on the phone.) Good luck with your project.
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We just insured ours two months ago. I have almost 250 and my husband said "No More" until I got these covered. We live in tornado alley. We have all of our insurance with State Farm, so we just added these on to the homeowners policy. They used another agency which specializes in collectibles so it may be slightly cheaper to find an insurance company that is independent, I don't know, we just wanted everything together. I don't really know how it works. We created a spread sheet on the computer. I just put in the name and number of each WFF and how much it cost to buy based on the most recent catalog I could find the price listed in. I have catalogs going back to 1988. If it wasn't in a catalog, I took the price off of the Master List, here. It took about a week to do all of this, but I thouroghly enjoyed doing it. When I called, our insurance company said to photograph the entire line ( I assume in groups, not individually) but then they said, no that was not necessary, to just bring in the spread sheets. I also took in an extra catolog and they put that in the file. I gave them the adress of this site, too, so they would have access to the Master List if necessary. I explained that some were gifts and many were bought on Ebay, so I did not have receipts. Based on $25,000 replacement value, knowing this was an estimated amount, we are charged $16.00 a month. Our homeowners policy would only cover up to $2500 of this.
Hope this helps.
I have my WFF insured by a collectible insurance company. Their phone number is 1-888-837-9537 I have been very pleased with them and you don't have to have an appraisal to insure your collection
For those who have been in the military, they can contact NCOA and get their information for the collectibles. We have our insurance with them and had no problem with the $35,000.00 damage from our 1994 big earthquake for all of the different collectibles that were broken or damaged.
Suzan, I use this same collectible insurance company and have for at least 8 years. Not only do they not require an appraisal, their coverage is very comprehensive. Nancy
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