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