This company sounds very useful. I really like the fact that they cover books that may not actually be in the house at the time of loss. Im definitely going to keep this company in mind. Great video!
I've had this insurance for around 10 years. I collected once for a broken statue and it was very easy. I also just sent 22 books to CGC for crossover grading (will make a video when they come back)and save a few hundred dollars since i didn't have to buy USPS insurance. As long as you send priority with a signature, this insurance covers comics in the mail.
You are very welcome my man. It was my wife that prompt me as well. It was when I showed her that IM 55. 🤔 Wait, does she know the value of my collection. 🤓
I don't have insurance, I just carry everything with me..at all times..and it is getting really tough..I..I..need to sit down right now..my back really hurts... I'm going to put it down..right ..here..Whew!
Yeah man. It was definitely time for me to take some action. Whatever decision you make, I’m sure it will be the right on for you. I just started cataloguing my collection again. Such a painful process but necessary in case something happens.
Interesting stuff to think about. Halfway through I thought “why wouldn’t I just add on to my homeowner’s...” and then BAM you go an answer the question haha Great video, as always
Same company I use. This insurance actually saves me money and doesn’t cost me. Just by not having to purchase insurance from USPS I spend less money per year and my entire collection is covered.
Well said. That’s a very good point. Have you ever tried to collect from USPS? I have zero experience so I’m curious. Either way, thanks for adding to the discussion.
Thanks for doing this video, definitely need to look into this. Regie let me know if you plan on getting the rest of the Batman Hush comics. I think I may have extras, the run is from 608-619.
Yeah man! My wife kept asking the question and I finally pulled the trigger a few months ago. People have said that Hush is good but I haven’t read them yet. Stay tuned.
How have they been to deal with since you signed up? I just found this video and it’s something I’ve been worried about for a while now. I probably have 10,000 comics, and even if they were all $2.00, that’s a huge amount to try and buy back after a loss. Great video!
Great Video Regie, gave me lots to think about. I've googled and found a few companies here in the UK, so will give them a more thorough investigation. I had thought briefly about insurance for the 1st time when I got X-Men #1 about 3 weeks ago, so this video is well timed. I might not have as many major keys in as high a grade as you (I had 6 books on your wall until you took Hulk 340 down) but what I do have is an almost complete run of Uncanny X-Men that i've collected over the last 25 years (all volumes - only missing around 50 books now) and if I lost that, I would be actually devastated. That's just my X-Men, I have thousands of other ones. Do you use any apps or computer software to catalog your collection? Would love to see you do a video on that if you do.
Good stuff brother. I'm glad you are at least thinking about it. That X-Men 1 should be protected. Same for that run of X-Men. That's something to be proud of my friend. I wish that I had that run. Congrats. At one point I had all of my books in a spreadsheet but somehow that file was erased. Right now I'm using the GoCollect.com website to inventory my books. I've only done my slabs and a few high value raw books so far. It's a painful process. There are a few apps out there that seem pretty cool. They can scan the barcode and automatically load the books details to your profile. The problem is that if you're buying older books they don't have bar codes. GoCollect allows you to take photos of your books like the app but it doesn't have a barcode reader. It does however connect to the CGC database so it loads your books details once you key in the CGC ID number. It also provide you with a report that shows your collections cost versus the real time value. I've found that pretty helpful.
Very good video and made me think about insurance for my collection again. I keep my most valuable books in a heavy duty safe at home in California. Would the insurance company take that into consideration in determining my premium? Besides your insurance policy where and how do you store your most valuable books aside from your display wall? How did you determine the total value of your entire collection? Did you take a complete inventory of your collection? That seems like a very laborous task if you have a huge collection.
Inventory is such a painful process. I took a week at the end of 2017 to catalogue everything in Excel. At some point in the last 9 months the file was erased. To say that it hurt is an understatement. At present, I'm using the GoCollect website to catalogue my slabs. This only took me an hour to key everything in. GoCollect is connected to CGC so once you drop in the number the other details are pulled into the system (e.g., SS, grade, page color). It's pretty handy. The vast majority of my value is contained in my slabs so once I knew the current value--provided by GoCollect--I guesstimate the rest of the collection. I personally overestimated the value to make sure that I had enough coverage. One I get the heart to inventory the raw books I'll adjust the policy either up or down.
I have several BCW CGC boxes with slabs. I also have several plastic BCW bins that I keep other high value books in. This includes books to be slabbed and valuable books that will remain raw for one reason or another. I hope this helps.
Just found this video and great to know it will cover books while mailed to CGC for grading. Does it cover the market value of the book if CGC damages it? Or just while in transit with Post office?
It covers the collection/books in storage, in your possession and while in transit. CGC’s insurance would more than likely cover the book if damaged in their possession and they use the same company for insurance. Put another way, one claim would be sufficient.
So I have most of my books in a storage unit since I don’t have enough space my wife gives me lol here in the house , this insurance would cover a storage location like spare space ? I have an insurance by the storage unit but it’s pretty expensive for the max cover of 10,000
Flaco Rincon I’m honestly not sure. I think it’s worth reaching out to ask the question especially with all of the craziness happening with storage units these days.
Regie Simmons IFBB Pro example that story about some robbing a storage unit in Las Vegas . That’s just scary loosing all your stuff , sadly I have most of mine in there just cause I don’t have enough space at my house
Flaco Rincon Bro, I want to say that there have been two robberies that I’ve read about in recent weeks. Scary stuff. You gotta do what you gotta do regarding storage but take precautions. Jeannie is a contact you can buzz: 336.550.4811, jstanca@collectinsure.com.
Just curious: Did you really only value your collection at $10,000? That would probably be why you're only on the hook for $69.70 a year. Remember, your X-Men 1 alone is probably a $5,000 or more book so I just wanted to check if that was what you valued your whole collection at or were you just giving an example for the sake of the video?
Just a sample for the video. I personally am not a fan of talking what I pay for things. It's not my style. :-) I just wanted to illustrate for people that it's not cost prohibitive to get a policy.
I used GoCollect to catalog the slabs within my collection. GoCollect generates a value report based upon current FMV. I then guestimated the value of my raw books to arrive at a final value that was used for insurance. I actually used a grossed up number to cover myself. I talk about some of it in this video: th-cam.com/video/tGs17pm_37g/w-d-xo.html
This company sounds very useful. I really like the fact that they cover books that may not actually be in the house at the time of loss. Im definitely going to keep this company in mind. Great video!
Yes sir. That a huge benefit to the policy. Thank you for watching and commenting.
This great information and everyone who has high dollar books should look into this.
Excellent information brother !!!! A lot of collectors really don't think about the importance of adding the proper insurance
Agreed. I hope the video at least gets guys to think about it. Thanks for watching.
@@RegieCollects No problem brother !!!! Love your videos on these issues !!!!! Keep them coming
I've had this insurance for around 10 years. I collected once for a broken statue and it was very easy. I also just sent 22 books to CGC for crossover grading (will make a video when they come back)and save a few hundred dollars since i didn't have to buy USPS insurance. As long as you send priority with a signature, this insurance covers comics in the mail.
Boom! I don’t regret my decision at all regarding the insurance. Thanks for watching and commenting.
My wife and was talking about insurance on my collection the other day I'm going to show her this video thanks bro 💯
You are very welcome my man. It was my wife that prompt me as well. It was when I showed her that IM 55. 🤔 Wait, does she know the value of my collection. 🤓
Excellent video, thank U
Excellent video. Really appreciate these helpful tips regie. Learned something from ya again. 😉
You are very welcome brother. Thank you for watching.
Great info, Reg. I’m actually considering this now.
I don't have insurance, I just carry everything with me..at all times..and it is getting really tough..I..I..need to sit down right now..my back really hurts...
I'm going to put it down..right ..here..Whew!
Lol. Start calling you a Sherpa. 🤪😜
Great video Regie and very useful information as i have been mulling this same subject over in my mind. I'll definitely loo into this.
Yeah man. It was definitely time for me to take some action. Whatever decision you make, I’m sure it will be the right on for you. I just started cataloguing my collection again. Such a painful process but necessary in case something happens.
Interesting stuff to think about. Halfway through I thought “why wouldn’t I just add on to my homeowner’s...” and then BAM you go an answer the question haha
Great video, as always
Lol. I would definitely check with your insurance carrier. Mine was a no-go. Thanks for taking the time to watch brother. I appreciate you.
Same company I use. This insurance actually saves me money and doesn’t cost me. Just by not having to purchase insurance from USPS I spend less money per year and my entire collection is covered.
Well said. That’s a very good point. Have you ever tried to collect from USPS? I have zero experience so I’m curious. Either way, thanks for adding to the discussion.
Good discussion
Thanks for doing this video, definitely need to look into this.
Regie let me know if you plan on getting the rest of the Batman Hush comics. I think I may have extras, the run is from 608-619.
Yeah man! My wife kept asking the question and I finally pulled the trigger a few months ago.
People have said that Hush is good but I haven’t read them yet. Stay tuned.
@@RegieCollects
Hey Regie, just out of curiosity, what classic car did you own?
Javier Salas I owned a ‘65 V8 Mustang. It was fully restored.
@@RegieCollects NICE! I have a 68 Camaro RS I need to restore.
Javier Salas Nice car. Unfortunately my ex-wife has the Mustang. It was the price of freedom. Lol. Good luck with the car bud.
How have they been to deal with since you signed up? I just found this video and it’s something I’ve been worried about for a while now. I probably have 10,000 comics, and even if they were all $2.00, that’s a huge amount to try and buy back after a loss. Great video!
I have had zero issues in the two years that I’ve had the service. I also have not had any claims to file.
@@RegieCollects that’s great on both! I’m gonna watch your video on cataloging the collection next 👍
Cataloging is unnecessary for the insurance but a great thing to have never the less.
Great Video Regie, gave me lots to think about. I've googled and found a few companies here in the UK, so will give them a more thorough investigation. I had thought briefly about insurance for the 1st time when I got X-Men #1 about 3 weeks ago, so this video is well timed. I might not have as many major keys in as high a grade as you (I had 6 books on your wall until you took Hulk 340 down) but what I do have is an almost complete run of Uncanny X-Men that i've collected over the last 25 years (all volumes - only missing around 50 books now) and if I lost that, I would be actually devastated. That's just my X-Men, I have thousands of other ones.
Do you use any apps or computer software to catalog your collection? Would love to see you do a video on that if you do.
Good stuff brother. I'm glad you are at least thinking about it. That X-Men 1 should be protected. Same for that run of X-Men. That's something to be proud of my friend. I wish that I had that run. Congrats.
At one point I had all of my books in a spreadsheet but somehow that file was erased. Right now I'm using the GoCollect.com website to inventory my books. I've only done my slabs and a few high value raw books so far. It's a painful process.
There are a few apps out there that seem pretty cool. They can scan the barcode and automatically load the books details to your profile. The problem is that if you're buying older books they don't have bar codes. GoCollect allows you to take photos of your books like the app but it doesn't have a barcode reader. It does however connect to the CGC database so it loads your books details once you key in the CGC ID number. It also provide you with a report that shows your collections cost versus the real time value. I've found that pretty helpful.
Thanks for the details Regie, i'll check that one out and see what it's like
Very good video and made me think about insurance for my collection again. I keep my most valuable books in a heavy duty safe at home in California. Would the insurance company take that into consideration in determining my premium? Besides your insurance policy where and how do you store your most valuable books aside from your display wall? How did you determine the total value of your entire collection? Did you take a complete inventory of your collection? That seems like a very laborous task if you have a huge collection.
Inventory is such a painful process. I took a week at the end of 2017 to catalogue everything in Excel. At some point in the last 9 months the file was erased. To say that it hurt is an understatement. At present, I'm using the GoCollect website to catalogue my slabs. This only took me an hour to key everything in. GoCollect is connected to CGC so once you drop in the number the other details are pulled into the system (e.g., SS, grade, page color). It's pretty handy. The vast majority of my value is contained in my slabs so once I knew the current value--provided by GoCollect--I guesstimate the rest of the collection. I personally overestimated the value to make sure that I had enough coverage. One I get the heart to inventory the raw books I'll adjust the policy either up or down.
I have several BCW CGC boxes with slabs. I also have several plastic BCW bins that I keep other high value books in. This includes books to be slabbed and valuable books that will remain raw for one reason or another. I hope this helps.
Thanks so much for the info. You got me thinking about it.
Just found this video and great to know it will cover books while mailed to CGC for grading. Does it cover the market value of the book if CGC damages it? Or just while in transit with Post office?
It covers the collection/books in storage, in your possession and while in transit. CGC’s insurance would more than likely cover the book if damaged in their possession and they use the same company for insurance. Put another way, one claim would be sufficient.
So I have most of my books in a storage unit since I don’t have enough space my wife gives me lol here in the house , this insurance would cover a storage location like spare space ? I have an insurance by the storage unit but it’s pretty expensive for the max cover of 10,000
Flaco Rincon I’m honestly not sure. I think it’s worth reaching out to ask the question especially with all of the craziness happening with storage units these days.
Regie Simmons IFBB Pro example that story about some robbing a storage unit in Las Vegas . That’s just scary loosing all your stuff , sadly I have most of mine in there just cause I don’t have enough space at my house
Flaco Rincon Bro, I want to say that there have been two robberies that I’ve read about in recent weeks. Scary stuff. You gotta do what you gotta do regarding storage but take precautions. Jeannie is a contact you can buzz: 336.550.4811, jstanca@collectinsure.com.
Just curious: Did you really only value your collection at $10,000? That would probably be why you're only on the hook for $69.70 a year. Remember, your X-Men 1 alone is probably a $5,000 or more book so I just wanted to check if that was what you valued your whole collection at or were you just giving an example for the sake of the video?
Just a sample for the video. I personally am not a fan of talking what I pay for things. It's not my style. :-) I just wanted to illustrate for people that it's not cost prohibitive to get a policy.
Did you get an appraisal for your collection? Did they require one?
I used GoCollect to catalog the slabs within my collection. GoCollect generates a value report based upon current FMV. I then guestimated the value of my raw books to arrive at a final value that was used for insurance. I actually used a grossed up number to cover myself. I talk about some of it in this video: th-cam.com/video/tGs17pm_37g/w-d-xo.html
Five years later, lots of lessons learned. Is there anything you would do differently?
Yup, I left California. :-)
@@RegieCollects Smart man, smart move.