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<p>[QUOTE="Troodon, post: 25518200, member: 4626"]My insurance company isn't asking that of me, thankfully. I'm basing my estimates on Redbook, sales prices online, or what I can reasonably remember paying for them.</p><p><br /></p><p>I've decided I don't really need details on each and every coin in the collection, just ones of significant value. Otherwise I'd never finish this. If it's worth putting in the safe, it's worth listing; most things not in there (other than the proof sets, for practicality, they just won't fit lol) aren't worth much over face value anyway and would already be covered as "personal property" under my renter's policy.</p><p><br /></p><p>It's not really an unreasonable request that if you insure something, the insurer wants to know what they're insuring, and have reasonable proof that you do in fact have it, and what it's worth. It's just that over the years the collection has grown to the point that doing so has become a near monumental task.</p><p><br /></p><p>Using Excel to make the text inventory, then will take some pictures as supporting documents. They should be satisfied with that.</p><p><br /></p><p>Unless the total collection, or individual pieces, are VERY valuable, they don't expect an independent appraisal, as the cost of that would be more than the items are worth. It's hard to find anyone willing to do that for free, or heck at all unless you're offering to sell. As long as I have a reasonable basis for assigning the value, they're willing to accept it.[/QUOTE]</p><p><br /></p>
[QUOTE="Troodon, post: 25518200, member: 4626"]My insurance company isn't asking that of me, thankfully. I'm basing my estimates on Redbook, sales prices online, or what I can reasonably remember paying for them. I've decided I don't really need details on each and every coin in the collection, just ones of significant value. Otherwise I'd never finish this. If it's worth putting in the safe, it's worth listing; most things not in there (other than the proof sets, for practicality, they just won't fit lol) aren't worth much over face value anyway and would already be covered as "personal property" under my renter's policy. It's not really an unreasonable request that if you insure something, the insurer wants to know what they're insuring, and have reasonable proof that you do in fact have it, and what it's worth. It's just that over the years the collection has grown to the point that doing so has become a near monumental task. Using Excel to make the text inventory, then will take some pictures as supporting documents. They should be satisfied with that. Unless the total collection, or individual pieces, are VERY valuable, they don't expect an independent appraisal, as the cost of that would be more than the items are worth. It's hard to find anyone willing to do that for free, or heck at all unless you're offering to sell. As long as I have a reasonable basis for assigning the value, they're willing to accept it.[/QUOTE]
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