Does anyone have any experience insuring your call collection? I am looking for guidance and advice on the subject.
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YES, I insure my collection with plenty of lead .... :popcorn:
Maybe this is worth a try Terry. I do not have experience with these guys, but might be an option for you. Good luck!
Well I like my guns like everyone else but unfortunately I have to work for a living. And even when I am home I'm not sure how big a fire bullets can put out...
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:toothy9:
I have never spoken to my insurance guy about it. I'd be interested to see how they'd even handle the valuation. Pretty certain my agent (and MOST agents) wouldn't know the difference between a $19.99 Walmart Flextone and a $250 custom box. Pretty certain they wouldn't have any idea how or where to find an accurate appraisal, either. Seems like it'd be a pretty big hassle for all the more calls I have.
I really don't have a "collection" per se......... but rather an "accumulation".
I guess my best insurance is the 2 "boys" in the yard and the gun safe in the house. Take a pretty desperate individual to run that gauntlet for a few turkey calls.
Quote from: Terry on January 24, 2024, 09:26:48 AM
Well I like my guns like everyone else but unfortunately I have to work for a living. And even when I am home I'm not sure how big a fire bullets can put out...
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All kidding aside, you'll get some real good answers here for sure......
I would talk to your insurance agent and maybe even ask for the number of a claims adjuster to find out exactly what your company's requirements are. Documentation is very important and would obviously need to be kept separate from your collection in the event of a fire/tornado/flood etc.. Pictures of your calls, receipts or copies of checks/money orders to verify your purchase price if it's a large collectible item. Any references you run across of similar calls selling for an appreciated value to use as comps. You may ultimately be asked to have them appraised and I wouldn't even know where to start there.
Quote from: greentrout on January 24, 2024, 09:51:52 AM
Documentation is very important and would obviously need to be kept separate from your collection in the event of a fire/tornado/flood etc.. Pictures of your calls, receipts or copies of checks/money orders to verify your purchase price if it's a large collectible item. Any references you run across of similar calls selling for an appreciated value to use as comps.
This is BIG.
Documentation is key, pictures and details in an inventory sheet and you can be covered if something happens. No different than a woman's jewelry case, biggest problem there is there is usually no documentation of the actual jewelry, authenticity, and/or value. With custom calls you can establish all three. Pictures with numbers and those numbers corresponding to your inventory sheet, you're good to go. Both digital and hard copies of both of course
Knew people in the late 90s that had CD collections covered in case of car break ins and them being so valuable, same thing....documentation
I am going to check this out with my insurance company which is Farm Bureau. I have a safety deposit box at my bank and I keep a few of my oldest calls especially when I am going to be out of town.
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I'm afraid to get all of mine out for a picture or pictures, it might cause me to stop buying anymore calls ... :TrainWreck1: But I do have them all logged in a book with history, dates and what I paid .... including builders etc...
Your calls will be covered under the contents, or unscheduled personal property, portion of your homeowners policy. I am not aware of any limitations on turkey calls like there is on cash, guns, etc. You should be covered up to your contents limit. Getting what they are worth will be dependant on the quality and amount of supporting evidence you can provide to establish their value. Of course, to be covered, they must have been lost due to a covered peril. Read your policy.
I am an insurance adjuster with over 31 years experience.
Quote from: RMP on January 24, 2024, 03:38:43 PM
Your calls will be covered under the contents, or unscheduled personal property, portion of your homeowners policy. I am not aware of any limitations on turkey calls like there is on cash, guns, etc. You should be covered up to your contents limit. Getting what they are worth will be dependant on the quality and amount of supporting evidence you can provide to establish their value. Of course, to be covered, they must have been lost due to a covered peril. Read your policy.
I am an insurance adjuster with over 31 years experience.
I think if you're worried enough about your collection to consider them collectibles then they would need to be listed specifically on your policy or have a rider for your collection. I think contents may cover original purchase price on some of these, but when they appreciate in value I think you would be SOL in the event you need your insurance.
I use collectibles insurance for my gun collection. They are easy to deal with but I have never had a claim.
Quote from: RMP on January 24, 2024, 03:38:43 PM
Your calls will be covered under the contents, or unscheduled personal property, portion of your homeowners policy. I am not aware of any limitations on turkey calls like there is on cash, guns, etc. You should be covered up to your contents limit. Getting what they are worth will be dependant on the quality and amount of supporting evidence you can provide to establish their value. Of course, to be covered, they must have been lost due to a covered peril. Read your policy.
I am an insurance adjuster with over 31 years experience.
This is a great answer. Read your policy carefully for any restrictions or exclusions. I have been a broker for over 20 years but on the commercial side.
Quote from: greentrout on January 24, 2024, 04:16:34 PM
Quote from: RMP on January 24, 2024, 03:38:43 PM
Your calls will be covered under the contents, or unscheduled personal property, portion of your homeowners policy. I am not aware of any limitations on turkey calls like there is on cash, guns, etc. You should be covered up to your contents limit. Getting what they are worth will be dependant on the quality and amount of supporting evidence you can provide to establish their value. Of course, to be covered, they must have been lost due to a covered peril. Read your policy.
I am an insurance adjuster with over 31 years experience.
I think if you're worried enough about your collection to consider them collectibles then they would need to be listed specifically on your policy or have a rider for your collection. I think contents may cover original purchase price on some of these, but when they appreciate in value I think you would be SOL in the event you need your insurance.
Most homeowners policies are going to cover an item for replacement cost, not original purchase price.
You can buy a stated-value auto policy. If you have a total loss, you get the stated value regardless of the actual value. There may be some type of similar policy you can get to do that for your collection. I'm not aware of one, though.
The important thing, in addition to having documentation to prove ownership and value, is to make sure your contents coverage is adequate. If it's inadequate and your house burns down, it would be tough deciding if you are going replace your kid's bed or your rare trumpet call.
Quote from: RMP on January 24, 2024, 06:32:50 PM
Quote from: greentrout on January 24, 2024, 04:16:34 PM
Quote from: RMP on January 24, 2024, 03:38:43 PM
Your calls will be covered under the contents, or unscheduled personal property, portion of your homeowners policy. I am not aware of any limitations on turkey calls like there is on cash, guns, etc. You should be covered up to your contents limit. Getting what they are worth will be dependant on the quality and amount of supporting evidence you can provide to establish their value. Of course, to be covered, they must have been lost due to a covered peril. Read your policy.
I am an insurance adjuster with over 31 years experience.
I think if you're worried enough about your collection to consider them collectibles then they would need to be listed specifically on your policy or have a rider for your collection. I think contents may cover original purchase price on some of these, but when they appreciate in value I think you would be SOL in the event you need your insurance.
Most homeowners policies are going to cover an item for replacement cost, not original purchase price.
You can buy a stated-value auto policy. If you have a total loss, you get the stated value regardless of the actual value. There may be some type of similar policy you can get to do that for your collection. I'm not aware of one, though.
The important thing, in addition to having documentation to prove ownership and value, is to make sure your contents coverage is adequate. If it's inadequate and your house burns down, it would be tough deciding if you are going replace your kid's bed or your rare trumpet call.
My worries are if you have a call that is not replaceable. And also your last part on the contents coverage. The wife is really going to give you a hard time about your collection if it comes down to your calls or the furniture. I'm thinking right alongside you for the most part.
Irreplacable items is an issue. Not much anyone can do about that.
Quote from: greentrout on January 24, 2024, 04:16:34 PM
Quote from: RMP on January 24, 2024, 03:38:43 PM
Your calls will be covered under the contents, or unscheduled personal property, portion of your homeowners policy. I am not aware of any limitations on turkey calls like there is on cash, guns, etc. You should be covered up to your contents limit. Getting what they are worth will be dependant on the quality and amount of supporting evidence you can provide to establish their value. Of course, to be covered, they must have been lost due to a covered peril. Read your policy.
I am an insurance adjuster with over 31 years experience.
I think if you're worried enough about your collection to consider them collectibles then they would need to be listed specifically on your policy or have a rider for your collection. I think contents may cover original purchase price on some of these, but when they appreciate in value I think you would be SOL in the event you need your insurance.
You have to list and describe everything and take pictures. From what I understand you are payed the market value of the items at the time of loss, not what you paid. Up to the limit of your policy of course.