Insurance & Securing toys - tips, questions and options (browse whole topic)

[oceanbluuue]

Couldn't agree more. I'm always paranoid about keeping all visiting repair-type people out of my tf room. When someone like a pest control or internet/cable service repair person absolutely has to go in there (access to my attic is also in my tf room...arrgh), I actually move all my japanese tf boxes out of there and big figures as well into another room (and close that door). I then drape bed sheets over all of my display shelves haha. I then remove all of the figures off of my desk (1978 star wars as well as G1 japenese tfs of course) and stash them into display shelves behind the draped sheets! It takes me about 15 minutes of prep work but absolutely worth it. Can't be too careful.

[drifand]

I have only two rare toy robots here in Australia and they are not transformers.
I don't regard my masterpieces of really any value at all as they are not misb and are displayed.

Other than that Macross toys are the next most expensive but not even in any regards rare. All my vintage robots are in Singapore so I have really nothing of big value.

[Raider]

Thought I would quickly share my experience. My collection has escalated rapidly and is worth quite a bit now so I figured it was time to make sure it is covered in the event of loss or theft.

The cheapest option (and most comprehensive it seems) for me was simply adding extra cover to my existing home and contents insurance. I am with Westpac and after about an hour on the phone with the representative (who professed she was a Transformers fan herself) and her bosses we figured out the best way to insure them.

For the purposes of insurance, Westpac deem them all to be toys. Under my policy (which is the standard) there is no limit on the amount you can claim for toys so long as it come within the total sum insured amount. I ended up adding $50,000 to my total sum insured amount and that ends up costing me only an extra $7 a month! $84 a year for my collection to be covered is damn good value.

I also had to give them a rough indication of the number of Transformers and separate them into series and what value I attribute to them. They recommended I have photos of the collection and any evidence of purchase but otherwise it will still be covered for replacement value.

So if anyone is yet to insure their collection I'd recommend having a look at adding extra cover to your home and contents insurance.