| how much do you adore your collection of diecast | | | | insurance. Again, these will cover the entire cost |
| model cars? What would you feel if your | | | | of replacing your diecast models, but will also |
| cherished set of models, which you’ve | | | | protect any new acquisitions for up to ninety |
| undoubtedly, spent many thousands amassing, | | | | days. Which is more than enough time to let your |
| were to be stolen or destroyed? | | | | insurer know to add them to your policy. |
| We all know the answer to that; you would be | | | | The next question you need an answer to is |
| devastated. Now ask yourself how much it is | | | | roughly how much to insure your diecast model |
| going to cost to restore your collection and where | | | | cars for? And it is vital that you are aware of this |
| the money is going to come from to replace | | | | figure because you can bet that your insurance |
| those rare Franklin Mint diecast Corvettes and | | | | company won’t be. |
| Mustangs. | | | | There are many of ways to get the true worth |
| The perceptive among you will undoubtedly | | | | of your diecast model cars, and collectors can |
| recognise that your insurance will pay - but will it? | | | | squander many hours pondering the best. But |
| Many household policies don’t cover you | | | | perhaps the easiest is to pay a visit to eBay and |
| for the total worth of your diecast model car | | | | use the advanced search option. Type in details of |
| collection. There is normally a restraint on the | | | | the model you want to value, ensuring that you |
| amount of valuables that you can launch a claim | | | | mark the completed listings box. Click search and |
| for. And that is assuming that you are able to | | | | the resulting page will be a list of similar items and |
| convince the insurance company that your diecast | | | | the amount that they were sold for. |
| models should be classed as | | | | Equipped with this information you can make |
| ‘Valuables’. | | | | contact with your favoured insurers and get |
| OK. Stop reading here and go and get that box | | | | yourself a handful of estimates. |
| from under the stairs. You know the one I mean, | | | | But prior to you making you final choice who to |
| the one where all your essential papers are kept. | | | | insure with, there are still a few more things to |
| Got it? Good. | | | | mull over. |
| Now examine the schedule of insurance. This will | | | | Confirm that the policy offers |
| tell you precisely what you have covered and for | | | | ‘Replacement value’ cover. That is |
| how much. | | | | to say, the real cost to replace your collection. If |
| Ok, so you’ve just realised that your | | | | it doesn’t then you could end up with just |
| diecast model car collection, which you believe is | | | | the retail price of your models minus a sum for |
| worth a few thousand is only insured for a | | | | depreciation. |
| miserable few hundred. What should you do? | | | | If the cost to insure your entire collection seems |
| Well there are lots of options. Talk with your | | | | too expensive then it might be worth getting a |
| insurer and ask if you can add a rider to your | | | | quote just for the most important cars. |
| household insurance. This is an addition to your | | | | So keep in mind that you need to be aware of |
| policy, which will provide for the full cost of | | | | the value of your collection and reassess it |
| restoring your complete diecast model car | | | | regularly. The values of diecast model cars can |
| collection to its former glory. | | | | alter quickly. Also you need to make certain that |
| You can also buy a stand-alone policy. There are | | | | your policy covers the total replacement cost of |
| insurance companies offering specialist collectors | | | | all your diecast cars. |