Hi, I just went through the same thing. While many homeowners policies include personal property insurance, that typically doesn't cover collectables. My insurance man told me that if I claim a poster in a damage claim, unless I have scheduled that particular title in a separate form, I will have a hard time getting the actual valuable. You have to list all your posters in a schedule and have a dealer provide you with a letter of appraisal. I do appraisals all the time, but I can appraise my own posters. The insurance companies have gotten really strict with artwork and collectables over the past few years because many of them are escalating in value so quickly. I can tell you from customers that have had claims and the trouble they went through often for naught, that you have to have the titles scheduled and you have to have documentation, such as bills of sale, photos, etc. to prove you owned them or you are out of luck. That's a touch job for our dealer friends who has thousands of posters. This is precisely the reason I have begun to sell off my inventory that has been in storage for over 20 years. The cost of insurance is just too high. You can also try Chubb insurance and Collector's Insurance at www.collectinsure.com<http://www.collectinsure.com/> as they specialize in collectibles. Good luck.
Sue Heim www.hollywoodposterframes.com<http://www.hollywoodposterframes.com/> ----- Original Message ----- From: Michael B<mailto:[EMAIL PROTECTED]> To: [email protected]<mailto:[email protected]> Sent: Friday, August 10, 2007 12:52 PM Subject: Re: [MOPO] What's the name of the poster insurance place i have, previously, recommended to add a Fine Arts Rider to your homeowner's policy. This seems to have been very cost effective for me. Over the past few years, my declared value of about $80,000cost me about $100 without any appraisals. Recently, when I sought to increase my coverage to about $120,000, I was asked to provide a Schedule. I have just been informed by the carrier that they will not insure any poster exceeding $2500 except if I make a special endorsement and pay a fee per such item of about $50/75 each. Therefore, since I have about 12 posters in excess of $2500, my rate will escalate to about $600. I am not happy with this............ I am thinking of capping any claim to $2500. I am not concerned about any event except a fire. Thoughts?? michael ------------------------------------------------------------------------------ Get a sneak peek of the all-new AOL.com<http://discover.aol.com/memed/aolcom30tour/?ncid=AOLAOF00020000000982>. Visit the MoPo Mailing List Web Site at www.filmfan.com ___________________________________________________________________ How to UNSUBSCRIBE from the MoPo Mailing List Send a message addressed to: [EMAIL PROTECTED] In the BODY of your message type: SIGNOFF MOPO-L The author of this message is solely responsible for its content. Visit the MoPo Mailing List Web Site at www.filmfan.com ___________________________________________________________________ How to UNSUBSCRIBE from the MoPo Mailing List Send a message addressed to: [EMAIL PROTECTED] In the BODY of your message type: SIGNOFF MOPO-L The author of this message is solely responsible for its content.
