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<p>[QUOTE=&quot;ToughCOINS, post: 26601740, member: 20480&quot;]Time to renew my insurance again.&nbsp; With prices having run up so much these past few years it was necessary to spend significantly more time determining how much coverage I needed. </p><p><br /></p><p>This is not unlike what we all went through after real estate pricing jumped during and post COVID.&nbsp; The first time I heard of the absurd jump in prices homes were selling for we called the insurance company to sign up for an increase in coverage. It’s all too easy to forget to recalibrate before renewing, and to end up underinsured as a result.</p><p><br /></p><p>Needless to say, the total value of the inventory had climbed to a level not previously accounted for, and I got sticker shock when my quote came in.&nbsp; </p><p><br /></p><p>In order to keep the premium reasonable, I moved one of my safe deposit boxes at my current bank to another bank to spread my risk.&nbsp; Dealing with the additional inconvenience of storing stock in two different banks was another issue.&nbsp; </p><p><br /></p><p>How to manage that?&nbsp; I’ve cut back substantially on the amount of gold I bring to shows, preferring to sell that online, rather than in person.&nbsp; Therefore, I am dividing the inventory so that the gold resides at one while the non-gold goes to the other.&nbsp; Since I’m already bringing so little gold to the shows this seems the most logical division of inventory.&nbsp; It’ll be interesting to see how this works out.</p><p><br /></p><p>Have you recently reassessed the value of your coins to make sure you are adequately insured?&nbsp; If not, you might want to take the time . . .[/QUOTE]</p><p><br /></p>

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