Knife collection insurance?

Joss

Joss

Joined
Nov 20, 2001
Messages
7,353
All,

Do you use insurance on your knife collection? If yes, which company did you select and why, and are you satisfied with them?

Thanks,

JD
 
I would suggest increasing the "contents" coverage amount of your home owners policy. As you go through life and collect/accumulate a fair amount of stuff the normal/standard replacement levels of your policy's coverage are simply not enough. Insurance companies make money by collecting premiums and not paying claims. Thou shalt always read the fine print of your policy. As a general hint, they don't pay their army of lawyers to write that stuff for YOUR benefit. Good luck.
 
http://www.collectinsure.com/SpecPages/knives.htm

This outfit has a great reputation in the knifebiz.

As far as insurance goes, Insurance companies typically pay what they OWE without fail, delay or issue. It is the definition of what is OWED that gets people in trouble.

By and large, the concept of insurance is a great American tradition that works, but there are always exceptions to every rule.

Peter is correct about understanding the policy. It is a contract like any other, just harder to understand :)
 
I'm a big fan of CIA (menitioned above) as well. I've had a policy with them for several years now. Thankfully, I've never had to make a claim, but I have good things from those who have. One thing a lot of people forget about CIA is that having your knives insured by them covers the knives virtually everywhere, including when in transit or in shipment, for example when in checked luggage or with UPS/FedEx. These days that vital!
 
I had my knives insured on my renter's insurance policy a few years back.
The insurer was AMICA.
On a plane trip, I put several into an outside pocket in my checked luggage (dumbass thing to do). When the luggage came down the carousel, that outsied pocket was open and the contents gone. There was no way that the pocket would have opened by accident.

I filled out a police report. A number of small, expensive items were gone. Amoung them as an RJ Martin Kozuka, a Bud Nealy damascus Aikuchi, and a few other nice ones.

When I called Amica, they couldn't believe that a knife cost that much (and as customs go, these were not much--maybe a total of $900 worth of knives).

I called Bud and RJ and they FAXED me:
affidavits that they had sold me knives.
replacemant value of said knives.

Once I got the info to AMICA, I received the check minus my deductable.

So this can be done with regular insurance companies. However, coverage is more extensive, and more hassle-free, with Collectables.
 
You must log in or register to reply here.
Back
Top