Thread Number: 24590
Insuring your collection
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Post# 275546   4/10/2014 at 14:49 (3,640 days old) by gsheen (Cape Town South Africa)        

gsheen's profile picture

I am not sure I have posted this in the right place.

My collection has shrunk just after the national Geographic filming, I sold off many of my newer machines and then grown again with more Vintage vacuum's 

 

Now I have a huge amount of them on display at my shop and i am about to move more down, I contacted my Broker a good friend of mine about insuring them. Not for theft, you would have a hard time getting them out of my shop but rather fire and the likes.

 

He pointed out that I need to get it valued but that he would not know how to value it or who could as I am the best person who knows. 

 

So my question is how have you guys insured yours ? Considering most of them are irreplaceable 

 


Post# 275568 , Reply# 1   4/10/2014 at 17:22 (3,640 days old) by beko1987 (Stokenchurch, United Kingdom)        

Mine aren't insured. I have no idea how to work out the value. Would it work like cars, just make a note if what similar machines sell for?

I imagine you could pluck a price out of the air but pay the premiums for it!


Post# 275580 , Reply# 2   4/10/2014 at 18:19 (3,640 days old) by gsheen (Cape Town South Africa)        

gsheen's profile picture

Thats the issue, Insurers wont pay out unless its been valued by an independent specialist or appraiser. Or I could provide every invoice for every machine and part I have ever bought for them, Not Likely Surprised  



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