Stolen Collection Alert

Petunia D. Feeble

Petunia D. Feeble

I sharpen things.
Knifemaker / Craftsman / Service Provider
Joined
Jun 30, 2016
Messages
4,695
Not mine, some poor sap on IG. Thought I'd do him a small favor and spread the word.

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Contact info is in the screenshots if you have any relevant info.
 
Nice of you to do that. Creepy thought on so many levels, sure insurance covers it, but having somebody without a moral compass in your home while you're gone is not a thought I like. I hope the thief is caught and Buck get's his collection back. Pawnshops are probably the best bet, I would assume they just unload it and don't research it and meticulously sell it off on ebay.
 
How terrible. Best of luck to him trying to get it back.

The thing about insurance, unless you have a schedule of each individual knife, you will be responsible for either a) your deductible, and/or b)the limit for guns knives which can be anywhere from $500 to unlimited, but usually around $2000.

15 years as an insurance agent. The more you know...
 
Yeah i feel terrible for the poor victim.
Why, those heartless bust- turds even stole "about" (??) 8 swords!!!
Talk about sleepless nights...
I hope the law nails these perpetrators and send them straight to the DPRK on a life long cultural exchange programme for a study on the effectiveness of democratic felon corrections and sentencing.
 
K.O.D. said:
How terrible. Best of luck to him trying to get it back.

The thing about insurance, unless you have a schedule of each individual knife, you will be responsible for either a) your deductible, and/or b)the limit for guns knives which can be anywhere from $500 to unlimited, but usually around $2000.

15 years as an insurance agent. The more you know...
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Definitely good to know your insurances, I'm covered up to 8000 Euro, and even if I add everything up I am nowhere close to it. It would be different if I had guns which can obviously add up quickly. (AR15 Style Rifles start at about 2000$+ here)
That being said it might be a worthwhile idea to make a list of (expensive) knives just in case, make sure paperwork is all there. Since it's usually not something you think about before you need it.
 
The best insurance against theft is confidentiality. The fewer people that know about your collection, the less the likelihood of it getting stolen. Making the existence of your collection widespread public knowledge is inviting theft. As for insurance covering it -- after a $500 (or higher) deductible and a low coverage limit are applied, don’t look for much of a payout unless you scheduled your knives and had specific insurance on them.

My heart goes out to the guy on IG who got hit, but... There are a lot of bad dogs out there on the ‘net who can easily track down posters who thought they were “anonymous” and making your collection known world-wide via IG or FB is just daring disaster to come your way.
 
b00n said:
Nice of you to do that. Creepy thought on so many levels, sure insurance covers it, but having somebody without a moral compass in your home while you're gone is not a thought I like. I hope the thief is caught and Buck get's his collection back. Pawnshops are probably the best bet, I would assume they just unload it and don't research it and meticulously sell it off on ebay.
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No insurance covers stolen goods unless you took out specific policies. Your standard homeowners insurance for someone in a mortgage does not cover theft. Usually if they are covered by insurance they wouldn't be so eager to retrieve their items.


That's like saying my automotive full coverage policy covers theft. Yeah it covers theft of the car itself. Not what items are in it. You can't just show them a receipt for a 25k diamond and be like that was taken in the car.


When you do those special insurance policies they will send a adjuster out to appraise what you want insured and to document it. You can't just make claims and say what was stolen. It's accounted for by the insurance company before hand. That's how expensive toy, comic book, video games, trading card collections work. Or in this case knives and guns.

You can't just make your own list and turn it in when you want to make a claim.
 
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needler420 said:
No insurance covers stolen goods unless you took out specific policies. Your standard homeowners insurance for someone in a mortgage does not cover theft..... When you do those special insurance policies they will send a adjuster out to appraise what you want insured and to document it. You can't just make claims and say what was stolen. It's accounted for by the insurance company before hand. That's how expensive toy, comic book, video games, trading card collections work. Or in this case knives and guns.
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1--Theft of personal property IS covered by standard homeowners or renters policies. Here’s some wording from the Allstate website:
  • Personal property coverage
    Covers your personal belongings if they're stolen or destroyed by a fire, theft or other covered peril. It includes things like clothing, furniture, your laptop and other electronics—though you may want to opt for scheduled personal property coverage for especially expensive items and collections.
  • Scheduled personal property
    If something happens to your high-priced belongings, this covers them beyond the limits of what your personal property coverage will pay. You can add it to your policy to help cover an expensive piece of jewelry, your collection of audio equipment or other pricey items you own.
2--“Blanket” coverage provided on unscheduled personal property (like knives) will be quite limited. It’ll be subject to a low dollar “limit of coverage” and a deductible--the combination of which will leave you with rather little actual effective coverage. Scheduling collection items and buying specific insurance on them is the only way to get truly adequate insurance if that’s what you want.
3--Everybody needs to do their own research and their own “due diligence” when it comes to purchasing insurance on knives or anything else. DO NOT rely on what you see written--by me or anybody else--in the internet. Rely on what’s written in the insurance policy that you buy after extensive research and nothing else. Pay particular attention to the “coverage part” of the policy, the “limitations” part and the “deductible” part. Also make sure of whether you’re buying “replacement cost” coverage or “actual cash value” (i.e: depreciation is applied during any claims adjustment) coverage. There’s a BIG difference between those two.
4--They don’t send an adjustor to your house before any claim. Your agent will walk you through the requirements regarding how to schedule personal property you want to purchase specific insurance on. Specific insurance on scheduled personal property isn’t something the insurance companies do freely or for cheap prices. You need to know what you’re doing, how to do it and how to find reasonable prices.

As always, “DO YOUR OWN DUE DILIGENCE."
 
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Thieves suck.
Low life, dregs of society who have no integrity.


b00n said:
Definitely good to know your insurances, I'm covered up to 8000 Euro, and even if I add everything up I am nowhere close to it. It would be different if I had guns which can obviously add up quickly. (AR15 Style Rifles start at about 2000$+ here)
That being said it might be a worthwhile idea to make a list of (expensive) knives just in case, make sure paperwork is all there. Since it's usually not something you think about before you need it.
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Ouch. A good brand spanking new AR 15 here can be bought for $400 ish before optics.
Even less if you assemble it yourself.
(Top of the line with custom goodies can obviously go much higher).


We keep our guns and knives in safes.
It would take power tools and time to steal more than a random slipjoints from Casa de Ninja, and that's playing the lottery with life as someone might be home.

tokerblue said:
And a decent video security system. With systems like Ring being very affordable and easy to install, it's no longer a luxury.
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Security system, cameras, CCTV.. yes.
Ring system, no.
Unless you like having random companies with less integrity than a thief being able to purchase your personal info complete with sound and video of your front door for a few bucks.
 
needler420 said:
No insurance covers stolen goods unless you took out specific policies. Your standard homeowners insurance for someone in a mortgage does not cover theft. Usually if they are covered by insurance they wouldn't be so eager to retrieve their items.


That's like saying my automotive full coverage policy covers theft. Yeah it covers theft of the car itself. Not what items are in it. You can't just show them a receipt for a 25k diamond and be like that was taken in the car.


When you do those special insurance policies they will send a adjuster out to appraise what you want insured and to document it. You can't just make claims and say what was stolen. It's accounted for by the insurance company before hand. That's how expensive toy, comic book, video games, trading card collections work. Or in this case knives and guns.

You can't just make your own list and turn it in when you want to make a claim.
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Good grief. That is complete nonsense. Yes, there are likely to be loss limits, and folks are unlikely to recover dollar for dollar the amount of their loss, but your blanket statement is just wrong.
 
needler420 said:
No insurance covers stolen goods unless you took out specific policies. Your standard homeowners insurance for someone in a mortgage does not cover theft. Usually if they are covered by insurance they wouldn't be so eager to retrieve their items.


That's like saying my automotive full coverage policy covers theft. Yeah it covers theft of the car itself. Not what items are in it. You can't just show them a receipt for a 25k diamond and be like that was taken in the car.


When you do those special insurance policies they will send a adjuster out to appraise what you want insured and to document it. You can't just make claims and say what was stolen. It's accounted for by the insurance company before hand. That's how expensive toy, comic book, video games, trading card collections work. Or in this case knives and guns.

You can't just make your own list and turn it in when you want to make a claim.
Click to expand...
This isn't correct. Homeowner's and renter's insurance covers personal property anywhere in the world up to a certain amount. If luggage is stolen on vacation that's covered. If items are stolen from a car that's also covered. Of course there is a deductible and there are limits. Anyone with a big collection should add a "rider" or adjust the coverage. Most policies have low limits for jewelry and other collectibles. Adding a rider or increasing the limits on collections of specific items is what's needed. It will also increase the premium. It requires receipts or an appraisal. Talk to your agent for details.
 
The Perp probably needed another fix. I just wish Police and politicians would lay off Marijuana and focus their efforts on the Huge epidemic of prescription drug abuse. Honestly I have never seen so many (Normal) looking blue collar first time offenders trying to rob convenience stores or pull off Day breaks. BTW I have read that there is a very good chance that the successful robber will come back to the same house in a month or two in hopes that the victim has replaced their belongings. The victim should invest in a decent security system, motion activated lighting, and/or a dog. That's just a damn shame and I wish him the best of luck on getting his belongings back.
 
needler420 said:
No insurance covers stolen goods unless you took out specific policies. Your standard homeowners insurance for someone in a mortgage does not cover theft. Usually if they are covered by insurance they wouldn't be so eager to retrieve their items.


That's like saying my automotive full coverage policy covers theft. Yeah it covers theft of the car itself. Not what items are in it. You can't just show them a receipt for a 25k diamond and be like that was taken in the car.


When you do those special insurance policies they will send a adjuster out to appraise what you want insured and to document it. You can't just make claims and say what was stolen. It's accounted for by the insurance company before hand. That's how expensive toy, comic book, video games, trading card collections work. Or in this case knives and guns.

You can't just make your own list and turn it in when you want to make a claim.
Click to expand...

Quite wrong. If your car is stolen, comprehensive coverage (optional) covers the car correct. However, some companies include a small amount coverage. Also, if you have a renters or home/condo insurance policy, you have coverage subject to your deductible.

Home/renters can cover much more and much less than you might think. That's why it's very important to read everything in the policy.

My family's insurance agency has been in business since 1952. We eat, sleep, and bleed insurance.

It's a very misunderstood business. And you only need an appraisal or list of items if you are going to schedule them. You can report any claim you want, but it is subject to your deductible and whether or not it's a covered by your policy.

It is very difficult to prove fraud.

****Also, you are required to send in an appraisal for items you want to schedule. They do not send someone to you. We used to have to go out and measure the outside square footage, but never have (Or my dad, I just asked him) ever had to go inside a home for inspection purposes.

Adjusters come out to inspect physical damage. Your policy covers your home but also you and your belongings no matter where you are, though obviously there are deductibles and limits.

Read your policy and ask your agent questions, it's their job to explain the policy. This includes hypothetical questions.

Ugh,my hands hurt now. Arthritis. Though disabled now, I still keep up my licenses in Illinois, Wisconsin, and Indiana.

Tl;dr-- send me a pm if you ever have a question.
 
Night Rider said:
The Perp probably needed another fix. I just wish Police and politicians would lay off Marijuana and focus their efforts on the Huge epidemic of prescription drug abuse. Honestly I have never seen so many (Normal) looking blue collar first time offenders trying to rob convenience stores or pull off Day breaks. BTW I have read that there is a very good chance that the successful robber will come back to the same house in a month or two in hopes that the victim has replaced their belongings. The victim should invest in a decent security system, motion activated lighting, and/or a dog. That's just a damn shame and I wish him the best of luck on getting his belongings back.
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I doubt junkies stole those to get a fix, as it's damn hard to get money for used knives quickly. A pawn shop wouldn't pay more than a couple dollars each for those knives.
Junkies steal stuff they can flip fast, not stuff they have to peddle online.
Like flat screens and such.

I'm betting it was done by someone the victim knew.
 
Bad Ninja said:
I doubt junkies stole those to get a fix, as it's damn hard to get money for used knives quickly. A pawn shop wouldn't pay more than a couple dollars each for those knives.
Junkies steal stuff they can flip fast, not stuff they have to peddle online.
Like flat screens and such.

I'm betting it was done by someone the victim knew.
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Pawn America gave my junkie stepson eighty-five bucks for my Benchmade Mini Barrage. Yeah, I was surprised to hear that.
 
Henry Beige said:
Pawn America gave my junkie stepson eighty-five bucks for my Benchmade Mini Barrage. Yeah, I was surprised to hear that.
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It's sad but that doesn't surprise me at all. Any good pawn shop worker can look up a knife online in 30 seconds and figure out his profit on that knife and from what I personally found is that knives move quick in the pawn shops I use to search thru. What's even sadder is the fact that $85 bucks will get you 6 to 10 bags of Junk, 4 Percocets, or a hand full of Crack at today's prices in most major cities.
 
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