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<p>[QUOTE="Tom B, post: 1493414, member: 11854"]Typical homeowner's insurance will not cover your collection unless you purchase an additional rider and this can be <i>very expensive. </i> The best bet is to join the ANA and then insure your collection through Hugh Wood, Inc (AXA Group), which is the recommended insurance group for the ANA. If you keep you collection at home without any safe and without a security system then the rate might be as high as 1% of declared value. However, if you keep your collection in a safe or have a security system in your home then the rate drops substantially and can get even lower if you keep your collection in a safe deposit box. If I recall correctly, it can be something like 0.25% of the declared value to insure if kept this way. Therefore, a $10K policy would cost $25 per year if all these numbers are correct. For a nominal additional premium, they allow you to keep whatever level of coverage you want on your home and also with you when you travel, but again this costs extra. There is no requirement for an inventory list except on those items that are individually worth more than $10K.[/QUOTE]</p><p><br /></p>
[QUOTE="Tom B, post: 1493414, member: 11854"]Typical homeowner's insurance will not cover your collection unless you purchase an additional rider and this can be [i]very expensive. [/i] The best bet is to join the ANA and then insure your collection through Hugh Wood, Inc (AXA Group), which is the recommended insurance group for the ANA. If you keep you collection at home without any safe and without a security system then the rate might be as high as 1% of declared value. However, if you keep your collection in a safe or have a security system in your home then the rate drops substantially and can get even lower if you keep your collection in a safe deposit box. If I recall correctly, it can be something like 0.25% of the declared value to insure if kept this way. Therefore, a $10K policy would cost $25 per year if all these numbers are correct. For a nominal additional premium, they allow you to keep whatever level of coverage you want on your home and also with you when you travel, but again this costs extra. There is no requirement for an inventory list except on those items that are individually worth more than $10K.[/QUOTE]
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