hey guys

i have been kind of quite for a while, just sort of watching what was been going on. but i do have a question:

is their any one out there that has taken out insurance or had their collection add to their home owners insurance?

i had this revolation after i got my first double wide and started to put my collection in it. mine is kind of small in the big picture here, i have about 80 or so pairs of glasses, 4 watches, and a whole bunch of bags and that sort of stuff. but having a time tank (yeah i know but i am never going to call it a time machine) and a judge and a few other watches. and i just got the pit boss and almost all of the artist series i was thinking that as a whole there is a lot of money invested in this and it should be insured.

Q

It may depend on your insurance carrier, so it might be worth asking them even though we/me may tell you otherwise. I've asked my carrier twice something along the lines of "say I had about $40k worth of a sunglass collection ... do I need any special rider or coverage?". Each time I was told that it would simply fall under my limits of general homeowners insurance coverage/amount. They pretty much just had riders available for jewelry and fine art.

I have Nationwide and it's covered unless it's something extreme...just like the jewelry or antiques.

It depends on the carrier.

I just took out a policy last week, and I bundled it with my home insruance. It cost an additional 50 dollars a year for 15K of specific coverage. I had to provide a list of my collection (which was easy due to the collection page) and the approximate value of each of the items. My collection is worth more but that excess is actually covered under the normal coverage. What I specifically mean is that my vintage pairs are irreplacable without a large amount of cash, like 0.3's and 0.1's. Others like my basic fives 3.0 and my wardens are able to be bought in almost any store. If the items aren't covered under the specific insurance, the agency will just buy you a new pair to replace the damaged one. This means if you lost your 0.3p's in a fire, you'd get another paif off of the shevles to replace it. If it's covered under the specific insurance which was the 50 extra bucks a year, the item is replaced exactly, so you lose a 0.3p, you get the money to buy a new one.

Hopefully that makes sense. If not, PM me and I'll better explain it.

Overall, it's a very worthy purchase and very easy to do.

well I'm not sure if insurance is set up similar in the US, but I actually put deals through a panel of providers who do "home and contents" with a surplus "accidental" cover, the standard set up will cover the value of any goods in the house up to a total worth of £40k, the accidental surplus means if you were to cause damage yourself then you'd be covered for that too but obviously your premiums would then be increased, if anyone in the UK isn't covered by this but would like to know more PM me.

I'm training for my mortgage advisors qualification atm but the guy who'll be taking me on does loads of things like utility brokering and home and life insurance as well but we don't get enough insurance business on it's own to really make a living out of it. I'm more than happy to see what kind of deal I could get for an O-Review brother to keep their stuff safe :-)

I hope my house doesn't burn down.

My company advised a sepaerate policy for the collection but I can't tell you who they are... Wifes department.

Farmers I think.

I actually bought insurance specifically for my collection. I went to Allstate. I have $25,000 of protection for ~$15K (Purchase Value) of collection. I have a $2k limit per item, up to the $25k. The only real caveat is proof of ownership. I even asked if an "online photo journal" was proof enough. The answer was yes. If you have DQM Frogskins, Signed-by-Jim The Oakley Goggles, or any other one-of-a-kinds, make sure to get an Agreed Value Clause. You'll pay more for it per item, but you can have that Mega Tower insured for $30k.

Anyway, I pay like $150 a year for $25k in insurance, and that covers everything in the house. Specific item insurance may be harder to get, but homeowners/renters insurance is cheap and easy. Also, make sure your insurance, to include car insurance, covers theft, both from your home and your vehicle (car insurance won't cover theft from domicile, but homeowners may cover theft from vehicle). The last thing you want is your car broken into, the Pit Boss in your glove box getting ripped off, your stereo loss being covered, but the glasses not.

Thus endeth my rant.

By the way, I think Oakleys fall under the umbrella of both Jewelry and Fine Art.

You are correct Ian, my collection was considered under "fine art".

Oakley officially considered "fine art."

What more proof do people need of the total rule of the O?


~Yukio