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<p>[QUOTE=&quot;masterswimmer, post: 8508914, member: 102022&quot;]Absolutely correct. Premiums are written by actuaries that have to take into account life expectancy (for life insurance), future market value for known fine art, collectible automobiles, mansions, etc. The same holds true for numismatic collectibles.</p><p><br /></p><p>The variables associated with different commodities, real estate, art, hobbies, special events (NASA space launches, trans oceanic cargo shipments) and the likes are reasons there are specialty insurers, ie: Lloyd&#039;s of London. </p><p><br /></p><p>The same holds true for lesser scale insurance policies. The premiums are proportionately lower, but they&#039;re more expensive than traditional/standard policies. That&#039;s why these items become either riders to an existing policy or stand alone policies for certain high ticket or exotic items. The premiums will be commensurate with the risk to the insurer.[/QUOTE]</p><p><br /></p>

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