Who do you use to insure your collection?

[Gina Marie]

i have a nice collection. I was using my homeowner's insurance company but they are charging me around 1.5% of the value annually to insure. Is there another company out there that will insure for less but with a good reputation?

[AJSM]

There is a company called Gem Sheild. The cost depends where you live, I'm sure it has to do with amount of crime. They have a 0 deductible and cover damage.

[goldfixer21]

Try Jewelers Mutual, great company and they only insure jewelry, watches and gemstones. They are the largest insurer of jewelry stores as well. My store does replacement claims for them, excellent company to deal with.

[JustinK]

Originally Posted by goldfixer21

Try Jewelers Mutual, great company and they only insure jewelry, watches and gemstones. They are the largest insurer of jewelry stores as well. My store does replacement claims for them, excellent company to deal with.

I could be wrong but don’t they require you to purchase another item with no option to cash out. I looked at them several years ago but did not think this was the best option as nice vintage pieces might not be available or as nice to replace what you had.

If I remeber correctly they were similar in price to my personal articles policy with State Farm.

[wildcat465]

Originally Posted by JustinK

I could be wrong but don’t they require you to purchase another item with no option to cash out. I looked at them several years ago but did not think this was the best option as nice vintage pieces might not be available or as nice to replace what you had.

If I remeber correctly they were similar in price to my personal articles policy with State Farm.

Yes, that's correct. No cash-out option...but, you can purchase whatever you want from any Jeweler that you select. I guess you could get creative and find a jeweler who also sells gold or silver bullion if you didn't find a suitable replacement for the covered item.