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<p>[QUOTE="snaz, post: 898651, member: 11315"]With collections we have insured through our brokerage, the collection</p><p>was mass photographed with 5 or so coins in each shot. </p><p>Then the collector, and out broker manager sat down and flipped through the charlton guide assigning a price to each coin. </p><p>That was good enough for the insurance company. </p><p>The basic home owners policy here offers a blanket coverage of 500$ for</p><p>numismatics. Although, ad mentioned, you can purchase a rider for your collection. </p><p>And no Doug. An insurance company won't insure something for 500,000$ without any site of the collection. Their goal is to indemnify you no</p><p>more, and no less than the financial situation you were in to start with.</p><p>So they would need records of what you own up front before they would even consider a replacement cost of 500,000$[/QUOTE]</p><p><br /></p>
[QUOTE="snaz, post: 898651, member: 11315"]With collections we have insured through our brokerage, the collection was mass photographed with 5 or so coins in each shot. Then the collector, and out broker manager sat down and flipped through the charlton guide assigning a price to each coin. That was good enough for the insurance company. The basic home owners policy here offers a blanket coverage of 500$ for numismatics. Although, ad mentioned, you can purchase a rider for your collection. And no Doug. An insurance company won't insure something for 500,000$ without any site of the collection. Their goal is to indemnify you no more, and no less than the financial situation you were in to start with. So they would need records of what you own up front before they would even consider a replacement cost of 500,000$[/QUOTE]
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