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

[UltraMarginal]

the whole concept of cataloguing and valueing my collection is beyond impractical.

[griffin]

the whole concept of cataloguing and valueing my collection is beyond impractical.

It would certainly need a regular (annual?) update to the Insurance Policy, as everyone keeps adding to their collection, which adds to its value with each purchase.

And an insurance company would need to pre-approve your appraisal method... and as noted, I doubt there would be anyone in the world who's a "professional toy appraiser". The closest you'd get would be a professional toy dealer, and even then, your Insurer would need to recognise their "qualifications" beforehand. Perhaps being a registered toy business for a lengthy period of time maybe?

[UltraMarginal]

upkeep of a collection list would be doable with strict follow up whenever something new is purchased, but the hours required to start something like that?

I don't even know how many transformers I have, at least hundreds, probably well over a thousand. If I managed to keep cataloguing to just 5 minutes per figure that's over 5000 minutes, that's 167 hours. assuming I spent an hour a day creating a list that's 23 weeks doing an hour a day, nearly half a year.

as if I could be bothered,

and then there are all the insurance company requirements mentioned aby others above,

it's probably better picking the 10 or 20 most expensive to replace (or most special to you) figures and worrying about those.

[griffin]

it's probably better picking the 10 or 20 most expensive to replace (or most special to you) figures and worrying about those.

That's what I'd recommend if the Insurer requires individual cataloguing. Photograph each, and keep receipts or ebay email receipts if you have them.


I agree that it would take a long time to do up a detailed (computer) listing of your collection if you don't already have one. I keep a list and photo each new purchase, but that's just for my collection website. But it only goes back about 4 years - the rest is all hand-written, and as much as I've been wanting to transfer it all on computer, it would take aaaaages... and I'm still yet to be motivated enough to do it.