A worthy question.I'm not a collector, but I do treasure my ticket stub A small software routine placed into a program that provides a common function. Stubs are used for a variety of purposes. For example, a stub might be installed in a client machine, and a counterpart installed in a server, where both are required to resolve some protocol, remote procedure from a 1966 Beatles concert. Unlike me, an estimated 37 million Americans are collecting everything from vintage baseball cards to Lladro figurines. However, many don't make the connection to insure their collections. Our cover story, "Collecting Premiums" on page 32, examines how personal lines agents can boost their business by asking clients if they have collections, and informing them about available coverage. Hagerty Insurance, the collector car and boat writer, is now writing insurance for automobile collectibles. Automobilia insurance covers auto-related items such as neon signs neon sign n → enseigne (lumineuse) au néon neon sign neon n → Neonreklame f neon sign n → , vintage gas pumps and even collections of Road & Track magazine. Greg Stropes, vice president of business development, said many American collectors are unsure whether their collections are insured. "In cases of the mid- to low-end collections, some assume home or renters insurance covers those items," Stropes said, adding that collectors sometimes aren't aware of the value of their treasures until they tally their worth. "They might attend four car events a year--spend $50 each time--and if they stopped to itemize To individually state each item or article. Frequently used in tax accounting, an itemized account or claim separately lists amounts that add up to the final sum of the total account on claim. , they see they have a collection of significant value." Our cover story also explains how many Americans mistakenly believe their homeowners policy will pay for damage to their collections. I've always admired our close family friend's baseball memorabilia collection, especially its centerpiece--a photo of the Yankee Clipper a clipper ship built in the United States. See clipper . Joe DiMaggio erson>; - a nickname for the player who was a prominent member of the New York Yankees baseball team in the 1940's. See also: Clipper Clipper , signed "Joltin' Joe DiMaggio Noun 1. Joe DiMaggio - United States professional baseball player noted for his batting ability (1914-1999) DiMaggio, Joseph Paul DiMaggio ." However, I've enjoyed the photo of the great No. 5 from afar. Stropes says breakage is the second most common risk in insuring collections, with transporting the items the first. Most homeowners policies don't cover damage such as waterlogged wa·ter·logged adj. 1. Nautical Heavy and sluggish in the water because of flooding, as in the hold: a waterlogged ship. 2. boxes of vintage comic books or the shattered shat·ter v. shat·tered, shat·ter·ing, shat·ters v.tr. 1. To cause to break or burst suddenly into pieces, as with a violent blow. 2. a. glass cover to a vintage gas pump. But specialty collectors insurance does. Stropes said collectors want to deal with people who know how important a correct repair is when dealing with a claim. "You want the item to look and feel the same way, or it may lose its collectible value." |
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