TechMan wrote in Archival Storage: to ensure that my items are protected from the elements?Any help is appreciated.
benjoshua wrote in Archival Storage:Give some thought to collection insurance. I am not recommending it one way or the other, but fire is arguably your biggest danger.
MadCatUSA wrote in Archival Storage:benjoshua wrote in Archival Storage:Give some thought to collection insurance. I am not recommending it one way or the other, but fire is arguably your biggest danger. Do you mind if I ask who you use for this? Is it covered under your homeowner's policy (or renter's insurance)? How much is it per month?
TechMan wrote in Archival Storage:@ MadCatUSA,I'm going through the same process. My collection is similar in $$ range as yours. Personal items (jewelry, any collectibles, antique furniture etc.) are given a smaller coverage amount on most standard homeowner policies. For example -- I've got some special items I had to get appraised, then purchased a separate policy above and beyond my standard homeowners one. The agent opened my eyes to homeowners insurance and how lacking it is. I was told if my house burned down or a hurricane (yes I'm in hurricane country) destroyed those items -- my homeowners coverage would not even cover a 1/4 of the price 8O . I'll just add my D&D collection to the extra policy I have.Good news is. I pay approximately $15.00 a month on the separate policy and those items are far more expensive than my D&D collection.Hope this helps.
WyvernLord wrote in Archival Storage:Definitely need to speak with your insurance company.I know when I first started getting renters insurance years ago, they explained that in most states, there are two types, current value and replacement value. Current value is cheaper to buy, but uses wholesale prices of what the exact item is worth. So if your 10 year old 50 inch TV is stolen, they would pay you like $100 at best since that old of a TV is not worth much. Replacement value which costs more, will pay you the approximate amount to replace the item with a comparable new item in the current market. Lots of wiggle room there, but more likely going to get close to the money you need to replace it. Most homeowner policies work the same I have been told.Now not sure how they would apply that to a collection of gaming books and the like, I have not actually talked to mine since I started building my collection last year, and I am probably over 10K in value now....so guess I should be doing that soon.
