Game/hobby appraisals

[Nintegageo | 582]

Hey sages,

I am looking at updating my tenant insurance and the ins. company told me I need official appraisals on my collectibles. Can a local business like an LGS provide an appraisal? I can't seem to find any home ones who offer it as a service. Thanks.

[LeatherRebel5150 | 1,056]

 

This thread may or may not help. But Im always skeptical of insurance companies/policies that claim to cover a collection. ESPECIALLY something not specific to collectors insurance, like renters and home owners insurance 

Edited June 14, 2023 by LeatherRebel5150

[a3quit4s | 4,124]

I’m always skeptical as well, especially since no one has ever actually come to look at it themselves. As long as you have pictures and document your collection they say that’s is generally enough. In NY they say it just falls under the general category and I have enough insurance to cover all my normal stuff plus my collection. I’d have to raise my coverages my collection value was over it. My company has a separate collectibles policy but video games aren’t considered collectibles by them. 
 

Im pretty sure if my house burnt down we’d be arguing the value of things that haven’t had recorded sales in years. But luckily I’ve paid for a lot of stuff through PayPal so hopefully that evidence would get me paid appropriately. Plus I don’t consider making me whole just giving me money for an item - making me whole would be getting the item back.

[Nintegageo | 582]

Oh shoot, can check that other thread. Appreciate the replies.

[DoctorEncore | 3,691]

On 6/14/2023 at 9:25 AM, a3quit4s said:

I’m always skeptical as well, especially since no one has ever actually come to look at it themselves. As long as you have pictures and document your collection they say that’s is generally enough. In NY they say it just falls under the general category and I have enough insurance to cover all my normal stuff plus my collection. I’d have to raise my coverages my collection value was over it. My company has a separate collectibles policy but video games aren’t considered collectibles by them. 
 

Im pretty sure if my house burnt down we’d be arguing the value of things that haven’t had recorded sales in years. But luckily I’ve paid for a lot of stuff through PayPal so hopefully that evidence would get me paid appropriately. Plus I don’t consider making me whole just giving me money for an item - making me whole would be getting the item back.

I just put up a post in the other thread so I won't repeat it here, but I'd highly suggest you purchase collectible insurance separately. I'd be highly skeptical of your insurance company's claim.

Sorry to bump the thread again. Everyone go here instead:

 

Edited June 15, 2023 by DoctorEncore