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  #1  
Old 06-26-2002, 04:35 PM
Jeff Pelz Jeff Pelz is offline
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Question Collection Insurance

Mr. Robertson,

I am hoping that you could offer me some insite with knife collections being insured. This topic came up at a BAKCA club meeting when asked what type of coverage is out there for the collector or knifemaker to purchase, for protecting there assets. It was so quiet after that question you could have heard a miniature knife drop. The Homeowners policy was sorry at best.

Thanks
Jeff Pelz
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  #2  
Old 06-26-2002, 06:44 PM
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Don Cowles Don Cowles is offline
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Although I'm not Les, I'll be happy to tell you who I use:
Collectibles Insurance Agency
P.O. Box 1200
Westminster, MD 21158
(410) 876-8833

They are great to deal with, extremely reasonably priced, and provide excellent coverage.


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  #3  
Old 06-26-2002, 09:40 PM
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Thanks for the help, Don!

Alex


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  #4  
Old 06-30-2002, 03:33 PM
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Neil Ostroff Neil Ostroff is offline
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Jeff,

Consider (seriously) replacement value. A few bucks more but if and when you need it, you will be sorry that you didn't take it.

Hope this helps

Neil


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  #5  
Old 07-03-2002, 08:15 PM
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Les Robertson Les Robertson is offline
 
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Hi Jeff,

It would appear that Don has the answer to your question.

Also, Neil is right on the money as well.

I would add that you have receipts for all your knives and photo's.

The more you can do to show an insurance company the value of a "Art" object and prove that you actually owned the knife.....the better off you will be.

Just because you gave an insurance company money for several years to insure your collection. Doesn't mean they want to pay you.


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  #6  
Old 08-17-2002, 10:13 PM
Jeff Pelz Jeff Pelz is offline
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Thank you to everyone for your replies.

Jeff
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  #7  
Old 10-12-2002, 08:19 AM
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cockroachfarm cockroachfarm is offline
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Quote:
Originally posted by Don Cowles
....They are great to deal with, extremely reasonably priced, and provide excellent coverage.
How are they when someone files a claim?

(I'm also looking for knife insurance - and I will be making my choice based on the answer to my question. I had a "wonderful" insurance company that happily took my $327 a month premium for disability insurance for many years - until the time came that I had to make a claim. )
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  #8  
Old 10-13-2002, 06:40 AM
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Don Cowles Don Cowles is offline
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Holger, I'm afraid I can't answer your question since I have not had to file a claim. I do, however, have a strong sense of these people after having paid a few years of extremely modest premiums. They are pleasant and professional on the phone, and quick to provide any information requested. At least check them out.


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  #9  
Old 10-13-2002, 10:31 AM
StevePryor StevePryor is offline
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My personal impression and experience of most any kind of insurance has been very negative. Any I have ever dealt with glady accepts premium money, and tries to find a way of not paying.


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  #10  
Old 10-13-2002, 03:54 PM
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Les Robertson Les Robertson is offline
 
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Guys,

As a #######d insurance agent in the state of Georgia.

Most people consider cost first and then reputation of the company.

When it comes to insurance; Buyer Beware.

If you do a little homework on the company, it will give you a much better idea of who you are dealing with.

Remember, when you apply for insurance, the company at a minimum, does a credit check on you.


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  #11  
Old 10-13-2002, 10:01 PM
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cockroachfarm cockroachfarm is offline
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Don: I'm definitely going to give them a call (in fact, you praised them before and I just found the info I had written down at the time).

Les: The insurance company that I had my disability insurance policy with is one of the largest in North America. At the time I applied for the policy, I thought buying disability insurance was just like buying auto insurance - you call up an agent and sign up for whatever you need. Wrong! I had to go through a whole battery of medical tests and then those test results were studied by a committee who approved my policy. Premiums were $327 a month - which I paid for many years. I won't go into details, but my only comment: What a waste.

OTOH, I have never had a problem for the few times that I have filed a claim on my auto or my homeowners' insurance policies.

I even have life insurance; although I hate having it for purely psychological reasons: the basic concept of life insurance is "....I'm betting the company that I'm going to die, and they're betting that I'm not!"
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  #12  
Old 10-14-2002, 04:36 PM
whv whv is offline
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Quote:
the basic concept of life insurance is "....I'm betting the company that I'm going to die
and i hope i loose!


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  #13  
Old 10-14-2002, 06:52 PM
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Les Robertson Les Robertson is offline
 
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Cockroach,

Disability insurance plans are some of the most difficult to understand and ususally some of the most restrictive.

I claim no expertise in this area. I just know from studying for the exam to get #######d it was a very difficult area to understand.

Whv,

The basic of idea of a life insurance policy is that "you will die". As such the money from your policy is there to take care of the family you leave behind, settle any debts you left and pay for the disposal of your remains as you see fit.


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  #14  
Old 10-15-2002, 06:52 AM
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Quote:
Originally posted by Les Robertson
.....Disability insurance plans are some of the most difficult to understand.....The basic of idea of a life insurance policy is that "you will die"....
I had no idea exactly HOW difficult it is for ANYONE to get disability insurance. But, at the time, I was in perfect health and the committee passed my application without hesitation. It was only years later, when my health profile changed and my doctor suggested that I receive even a partial claim, that the company ceased being "wonderful".

I understand the concept of life insurance. That doesn't mean I have to like it!
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  #15  
Old 12-24-2002, 11:11 AM
knifeman7 knifeman7 is offline
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I don't depend on Homeowners to cover all my collection. A number of select pieces are on separate riders.
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