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<p>[QUOTE="Just Carl, post: 836828, member: 4552"]Mostly true. HOWEVER, as many today are finding out about insurance companies, not to smart to report a large collection of coins or anything of value to them. May not sound like the right thing to do but today everything you report to an insurance company goes into a computer. This information is available to many, many people. Some are only part time, some here today and gone tomorrow, some are there just to find out information. When they leave that company, difficult to know how much info they take with them. Lots of info today fits on a simple flash card of 2, 4, 8 GIG or higher memory.</p><p>Knowing this, some dealers refrain from notifying an insurance company of their possessions. Also, notifying them also means someone now has records of what you own and for tax purposes, also not to smart for some dealers. </p><p>An example of how much an insurance company knows is today I found something on my auto insurances that was questionable so I went to a local agent of thiers. I only had to say my name and a receptionist brought up everything on her computer as to my address, age, phone number, marital status, any accidents, traffic citations, childrens names and addresses, quantity of cars, everything about those cars and on and on and on. I could see all this due to the monitor was slightly tipped towards me. The point is she is new there. </p><p>Summation is not to let to many know what you have.[/QUOTE]</p><p><br /></p>
[QUOTE="Just Carl, post: 836828, member: 4552"]Mostly true. HOWEVER, as many today are finding out about insurance companies, not to smart to report a large collection of coins or anything of value to them. May not sound like the right thing to do but today everything you report to an insurance company goes into a computer. This information is available to many, many people. Some are only part time, some here today and gone tomorrow, some are there just to find out information. When they leave that company, difficult to know how much info they take with them. Lots of info today fits on a simple flash card of 2, 4, 8 GIG or higher memory. Knowing this, some dealers refrain from notifying an insurance company of their possessions. Also, notifying them also means someone now has records of what you own and for tax purposes, also not to smart for some dealers. An example of how much an insurance company knows is today I found something on my auto insurances that was questionable so I went to a local agent of thiers. I only had to say my name and a receptionist brought up everything on her computer as to my address, age, phone number, marital status, any accidents, traffic citations, childrens names and addresses, quantity of cars, everything about those cars and on and on and on. I could see all this due to the monitor was slightly tipped towards me. The point is she is new there. Summation is not to let to many know what you have.[/QUOTE]
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