Coin insurance with Hugh Wood Inc.

I just received my bill for another year of insurance and wanted to share.
I have never found a better rate than what they offer. One year of coverage on $100,000 is only $350 and the rate has been the same for many years.
Adding the coverage to my homeowners would cost almost 10 times as much and require me to provide an up to date list of every coin. That's hard to do for an active collector.

There are a few rules.
You must be an ANA member.
They require a list of only the coins worth more than $10,000 each.
They won't cover coins being shipped unless you pay for a plan as a dealer at a much higher cost. I don't ship enough to make that work for me.
You can go online and get a free quote if you wish.
Thought this might be of help to folks here.

 

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Yes, very helpful -- both to see a specific example of cost, and to clarify that the base plan does not cover shipment (I mistakenly thought it did).

If I start collecting more actively again, getting this insurance will be high on my to-do list.

 

This post is well timed. I just went through the whole process myself and published a blog about coin insurance. You can read it here: https://coinphotographystudio.com/c...-101-protecting-your-valuable-coin-collection.

 

I'm out, the way I read that. I don't have any individual coins worth more than $10k. But I'm not sure what that line means. They only insure coins worth >$10k, or they'll insure all of them but you only have to list the >$10k coins?

 

@KBBPLL This is the answer to your question:

 

There are also rules about how you store your coins above a certain value.

Just before COVID, my home was burglarized and they stole about 250 trillion dollars. Of Zimbabwe money. It was stilling in a specimen cabinet along with coins of minor value. The only thing of significant value was a $1 Educational Note, so as a result the losses amounted to over $1000. I thought I had lost an Athenian Owl, but I had already secured it.

Hugh Wood handled my claim quickly and without any undue red tape. They are the only reason I keep my ANA membership.

 

Hugh Wood handles the RCNA accounts as well. Another reason to be a member.

 

Great blog. It cool to get this much information in one spot. You spent some time putting all that together. Fun read. I'm going to read it again.