Are you a collector? If you have amassed a large collection, you may want its assessed value and consider adding a specialty coverage or endorsement to your home insurance policy. Your collection of fine antiques, stamps, musical instruments, jewelry or vintage comics, it can raise in value. You should talk to your collection with your insurance agent and see if it makes sense to protect your investment.
Take comics. vintage comics that were only bought for pennies in the last century are now valued at hundreds of thousands of dollars. Some valuable editions comic have even reached millions at auction.
This video is an example PropertyCasualty360. Moynihan interviews Shawn Vincent Zurzolo, COO and co-founder of Metropolis Collectibles, a large and respected unusual comic shop. Interestingly, several points of view :. As a study of a fascinating niche business of business cases as a discussion on the commercial risk management, as well as the lessons it offers personal fans and collectors on investment protection
interesting Zurzola share information on huge comic collection Metropolis Collectibles and risk management measures they take to protect. It also has some words for personal collectors. He says that just the way you protect the investment in your home or car with the confidence you need to protect your valuable collections too. He said, "... collectors feel like they are insured through their homeowners insurance policies, sometimes they are and sometimes they are not, and discover when its too late tragedy. "He shares a cautionary story about an uninsured client who has lost a valuable collection of Sandy hurricane. It also notes that due to collection increase and decrease the value frequently, it is a good idea to do an annual review each year when insurance policies are up for review. It suggests that if you can not evaluate your collection yourself, seek help from an expert.
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