flood damaged collection

Yep, it's all face value or melt at this point. On the bright side, it looks like you've got original receipts, so you might be well-positioned to claim flood losses, maybe. (I'm not a lawyer or an insurance agent; talk to yours.)

 

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fisherman?

 

I was always under the impression that insurance on "coins" was an optional feature of the typical Home Owners Policy? But then it never hurts to ask.

 

Just curious Reddrum (and you tell me to go take a hike if the question is too intrusive), in what part of the country did this flood take place?

 

What is your time worth? What is your effort worth? How much will you spend in order to buy what you need to do any work with these? My suggestion is that if you value your time or labor to any degree that you simply sell off everything to a local dealer and take the funds to buy new items, if desired.

 

Florida

 

Your biggest enemy, up front, is mold and mildew, which turns "wet" into "nasty and smelly". And if the bags of State Quarters are circulated, you can take them to the bank.

 

If she had Federal "flood insurance," there's some hope; if she had Homeowner's limited liability, I think she might be out of luck. Find out which she had before you expend a lot of time and energy. Whatever insurance company she had, their agents and adjusters will probably be swamped for the next several months. Pensacola??

 

That is good to hear. I take it you are in Florida?

Edit: Just saw this. I saw pictures. My sons car was a total loss. He was driving and a wave hit him. 15" of rain in 1 hour. Worse than a hurricane really.


As for the coins, you said the good ones were up high, that helps. I would gather a list as quickly as possible come back here and folks will tell you which ones to attempt to save.

 

If anyone knows anything on book restoration that would also be great I have been on my phone all afternoon and i know freezing is a good first step but we don't jg Ave room for these huge bibles

 

Oh no, that is not good. Sunlight maybe? I don't know but save those. Probably more so than the proof sets.

Edit: saw the picture. I am not sure what can be done. This is sad.

 

Im so sorry man :/
I know how you feel though. Hurricane sandy desimated some awesome condition coins that my uncle was going to give me, silver dimes, mercs, peace and morgan dollars, Wheaties, halves... so sad... WATER... RUIN.... EVERYTHING

Edit: salt water ruins everything because he lived by the ocean

 

I would crack open the clad and silver proof sets, clean them up with distilled water, and sell them individually on ebay. Often, you can make more this way anyway.

 

what didnt get what was the older silver coins, and lots of proof sets, those coin books with the slots for every year of a type of coin. and some older coins. what did get wet is mostly those $25 sealed bags of state quarters and sealed rolls of state quarters and nickels. yes this did happen in pensacola and my grandmother did have federal flood insurance the best she could get. We let them dry out in the sun this afternoon. i was not at the house when the moved them so when i made the first post i did not know if it was the older coins in danger or the bagged ones. we might try to add them on too the contents list of destroyed items since the coins collectors value is gone now we might get a portion of the value of the coins but we have to check that with the adjuster. i would like to thank all of you who have offered information on this. i might post some more on here in the future when she decides to sell some of it.

 

I would be shocked if any coins were covered under flood insurance or otherwise. Coins, guns and jewelry almost always require a special rider, specifically because the value of such items varies widely. Some policies cover a small amount of cash...say, up to $1000, but since you still have the coins and they're still spendable, I doubt they'd even reimburse you at face value. Good luck with your efforts. It really sucks to lose stuff like that.

 

Flood insurance covers the buildings, it doesn't cover contents (surprise!). The area also has to be declared a disaster area. But with 15" of rain in one hour and presumably widespread flooding you may get that declaration.

 

That's not exactly right. From the government website, www.floodsmart.com --

Whats Covered

Flood insurance policies cover physical damage to your property and possessions. You can use the following list as a general guide to what is and isn't covered or simply refer to the Summary of Coverage (PDF 108K) to help you better understand your policy and coverage.



The insured building and its foundation

• Electrical and plumbing systems
• Central air conditioning equipment, furnaces and water heaters
• Refrigerators, cooking stoves and built-in appliances such as dishwashers
• Permanently installed carpeting over unfinished flooring
• Permanently installed paneling, wallboard, bookcases and cabinets
• Window blinds
• Detached garages (up to 10 percent of building property coverage); detached buildings (other than garages) require a separate building property policy
• Debris removal

Personal belongings, such as clothing, furniture and electronic equipment

• Curtains
• Portable and window air conditioners
• Portable microwave ovens and portable dishwashers
• Carpets that are not included in building coverage
• Clothing washers and dryers
• Food freezers and the food in them
• Certain valuable items such as original artwork and furs (up to $2,500)

Damage caused by moisture, mildew or mold that could have been avoided by the property owner

• Currency, precious metals and valuable papers such as stock certificates
• Property and belongings outside of an insured building such as trees, plants, wells, septic systems, walks, decks, patios, fences, seawalls, hot tubs and swimming pools
• Living expenses such as temporary housing
• Financial losses caused by business interruption or loss of use of insured property
• Most self-propelled vehicles such as cars, including their parts (see Section IV.5 in your policy)

 

I was a Realtor for 10 years. I assure you the best plan is to simply buy or build a home where it does NOT flood. That is not rocket science. If you inherit a home where it floods, sell it, I don't care if it's been the ancestral home since the Revolutionary War.

With global warming and coastal infringement, the risks of flooding are greater than ever before. Ask survivors of Hurricane Sandy.

 

this place does not flood, it almost flooded in the 50s when they bought the house so they got insurance but the county put in storm drains and it was good till the city put in a new sewer system and decided not to have back up power on 2 million dollar pumps