Is your doll insured?

Thanks a lot.
I didn't find this thread, it's really useful! I'm thinking of changing company to buy a separate insurance now.You are right, there must be some other company that will be more than willing to take my money

 

As everyone probably knows by now, these dolls are not cheap!!! And so I was wondering, does anyone have any kind of insurance or anything to protect their dolls if something were to happen to them such as a fire or robbery? SD size dolls are too big to be put in a fire box, and unless you have a giant bank sized fire-proof safe there isn't really a place to put them. The only way I can think of as a way of insurance is if you were to take pictures of your dolls and show proof that you owned this doll so you could get the estimated amount the doll is worth reimbursed to you. What does everyone else think and have to say about this? Would love to hear other's thoughts!!! Thanks!!!

 

How much would insurance be for a doll? I'm curious about this as well...

 

I currently don't have my dolls insured, but it is something I have been planning on doing, among get health insurance for my cat as well. Back when I first got into the hobby, I knew that insurance was something I needed to invest in, but unfortunately I haven't done it yet. One of these day I will get around to it when I have the money, I just hope nothing bad happens to my dolls before then. I will just keep my fingers crossed until then.

 

They should be covered under homeowner's or renter's insurance - if you have a lot or they go over a certain dollar amount you may need separate coverage, best to talk to the insurance agent as they may have a ceiling on collectibles without additional insurance. (I use State Farm and got a good rate on renter's insurance as they also handle my auto insurance)

I've also heard good things about this company that deals strictly in collector's insurance althought I have not used them myself although some of my friends who collect model horses do:

http://www.collectinsure.com/

 

My home insurance covers things like burglary and fire. I'm insured for a certain amount of money which is something like 15.000 euros. All my stuff combined is worth far less than this sum. So in case of complete destruction, I'll get a fair amount of money to furnish a small house.

Still, I'm paranoid about my belongings. They give me a sense of security I guess and I have had to deal with severe vandalism in the past. Good thing this is a rental appartment and the corporation deals with paying for the repairs.

 

I don't currently have my doll collection insured, but I will have to do that soon. My mother and I have been looking into it for awhile since I want to do some outdoor shoots but she doesn't want me taking them out places with me because they could get stolen, and if they're stolen outside of the house our homeowner's insurance won't cover them, so I need to get special object/collectible object insurance.

Our regular insurance company would cover about $5,000 worth of dolls and doll items for $55 a year. But we may look into a company who specializes in collectible insurance to see if we can get a cheaper rate. With some companies securing a real value on BJDs is nearly impossible. Some try and value limited edition dolls at what they originally sold for from the site/store, while others understand that a lot of these things are worth a lot more, specially to buy again secondhand, which is the only way to replace some items.

So if you're going to insure your dolls, I suggest doing a lot of shopping around and actually talking to the companies, not just using their little online estimate things as those could devalue your dolls a lot more than a person would.

Here's an example of how it went for us a couple times:
Them: So, how much did you pay for this doll and that doll?
Me: $750 for this one, $550 for that one. But I paid $150 for the dress she's wearing, $30 for the wig, $40 for the shoes, $85 for the ey--
Them: That doesn't matter, we only cover the cost of the doll at it's most basic or what the company originally sold it for.
Me: Bu- Wha? Half the value of these dolls is their accessories, these dolls pretty much come in pieces and every part is expensive! Even if all the parts were stolen you'd only pay for the doll body/head?
Them: Yep, that's how it goes.
Me: So, do you do the same thing with cars? Someone insures their car with you, then adds a bunch of mod kits to it totaling over $5,000 as well as having a $1,000 TV in the trunk and you still only give them what they paid for the car it's self if it gets stolen?
Them: No, but we're not talking about cars, silly woman. We're talking about toys.
Me: ... *Strangles them*

 

I actually have recently put a special portion on my renter's insurance just for my doll. Since I only own one (and she's still on the way), it was just easy to put a clause in for her, like I have one for my computer and one for my jewelry. I think I only pay something like $120/year for 20k of insurance.

 

Since I don't take the dolls outside of our property they're covered by our homeowner's insurance. However, like Rikka_mika said, they're not very......sympathetic to the cost associated with these dolls. My husband and I have discussed it and we've decided if (by which I mean when ) my collection tops $5,000 we'll have it insured separately as collectible objects. That type of insurance is a bit more expensive, but they're much more realistic about the actual value and replacement cost of things like this.

 

Oh heck, yes! I have all my dolls covered individually under a personal property coverage. I have each doll insured for the amount I spent on them and I also have them covered for breakage...so if my little nephew comes over grabs one and flings it across the room and breaks the doll into pieces (he'd never do that, I'm just giving an example), I'd be covered for it. Or if I had my doll on a high shelf, doll falls and breaks into pieces, I'd be covered. AND if you have them on their own coverage, you don't have to pay a deductible should you need to file a claim!

 

My dolls are also covered with collectible insurance that is added to our renters insurance.
Overall it is a great deal as our annual premium is only 1% of their replacement value.

There is a rather sizable thread here talking about insurance.

 

I will probably try to get my dolls insured when the price goes above $5,000 or so. I am assuming that will not happen until I am more settled.
I have been considering a plan for my husky just because I know it would greatly depress me if I lost him and couldn't afford to replace him. I know even finding another husky would be difficult, and it would kill me if I found one and couldn't buy it.

I do think insurance is a good idea. When I see people who have 30+ dolls it always makes me think about how horrible it would be if there was a fire.

 

never though of that before....and have the same question of NahNohDa
also, how can i someday suddenly call my agent and say"hey i want to insurance my dolls"...so weird OTL

 

All I had to do was show the recipt slip from Soom's credit payment and some pictures of the doll. They just put a clause on my renter's that covers just the doll and up to $1,500 of extras. I did the same for my beast of a computer that covers up to $4,000 of supplies and such (which barely covers the computer itself).

However when the collection reaches over $2,000 (easily reached for bjds) I was suggested to get a separate insurance that covers the cost plus any price changes since some are limiteds that are coming in.

 

Since my doll collection is an investment as well as a hobby......I would like it protected......since these dolls range in pricing according to demand and some that I own are limited edition......how do I arrive at today's value for them?.......so they can be insured?......in the event of theft I want to be sure that the insurance reinbursement will amply cover them......but arriving at their true value in a changing market......that is proving to be difficult.......

 

Thread on insuring collections

Most insurers work on a new for old basis, so they'll probably only insure the collection as a whole for the money you paid for them unless you can prove they'd only be available on the secondary market. Mine are on my house insurance, for instance, as a listed item, with the more expensive ones listed seperately. I update the insurance company on them when the annual house insurance update rolls around, and that's it.

There's a world of threads on the massively fluctuating market value for these things because it's very rare that they hold their original value unless they're entirely intact LE's that were hugely sought after at the time but have lived in a box since purchase and this just isn't the kinda hobby where that's a common place activity, let's be honest! I'm not even sure I could back that up anymore now that places like Soom and Iple are releasing their LE's as basics because I'm sure most insurers would just give you the cover price of a new, basic version and fob you off.

Generally speaking, whilst they don't depreciate as quickly as a car or electronics, their inherent value does drop off slightly with "love", but you can expect them to hold a good sized chunk of their purchase price usually. When you get MP access here, you should be able to see the rough market value of what you have in hand from the sales.

 

this is what I definitely wanted to do! since we spend quite A LOT on our dolls and reading some of you have already insured them, encouraged me.. just I need to find out how the things work out in my country O_____o

 

I thought about it, but my dad told me my dolls are not worth insuring and it's a waste of money. He's insure his camera collection tho. >_> Maybe in the future I might, when I have more cash.

 

hmm... I haven't thought of this coz my country's insurance makes you feel that you are not insured. Maybe I will in the future, when I have graduated and get a decent job.

 

These things can be insured?

Interesting. I'd have to say, I'd probably worry more about the house, car, significant other and pet first before getting around to covering the doll/s.

Saying that, the dolls would have more sentimental value than monetary, for me. Replacing them would feel so weird, hollow maybe (like, the original doll is gone, why get another exactly like it?). I'd probably save the cash and just invest in a new type of doll, or hobby.