Do you insure your collection?

[paltak]

Can knives even be insured and if so do you have your collection insured? I've spent a decent amount in a short time and was wondering what others do to protect their investments.

I currently keep mine in the safe.

 

[Bob W]

It's covered under my homeowners insurance. AND I keep it locked up and out of sight.

 

[Sonnydaze]

A safe is good, but even a heavy safe of 350-400 lbs is brought into the home and installed by ONE man. It can be hauled out the same way, UNLESS you bolt it down to a concrete floor AND to the wall behind it.
If you live there with your wife, get her good instruction on safe and serious gun-handling and keep a Glock, or a baseball bat, where you and she can find it in a hurry. Secure guns away from young children. Lock your doors; be careful who you open your door for.
It's much better to prevent the crime, than to ask the cops to solve the crime.

 

[Locutus D'Borg]

Good point. I need to list them on my home policy. I do not keep mine in a safe, just in a display case. But I have 2 vicious cats on guard.

 

[Cochese23]

I sell home insurance and your knives are covered under a standard home or renters insurance policy. You would just have to pay you deductible if something happens to them.

 

[Bob W]

I sell home insurance and your knives are covered under a standard home or renters insurance policy. You would just have to pay you deductible if something happens to them.

That's what my agent said too. But there's a limit to the coverage, maybe 50% or 100% or the home's value (I can't remember, and it probably varies by insurance company). Some serious collectors may need additional insurance to cover an extensive collection.

 

[TotalDbag]

All my knives, boxes, and other knife accessories are hidden, so that thieves don't know I own them. Plus I have a Pelican case that's locked and bolted to the wall.
And to be honest, they'll steal my TV before they think about stealing my knives.

 

[annr]

Also, there may be a difference in replacement value and depreciated value --and the need for a replacement value appraisal, receipt, etc., depending on the terms of the policy and the type of collection you own and total valuation under the various replacement conditions.