I've bought 1oz silver rounds as well as 1oz silver Liberty coins.
When I went to add the coins to my personal items policy which is part of my home owners policy, they wouldn't insure the bullion, they (State Farm) would only insure legal U.S. tender. Which is crazy since they will insure random pieces of jewelry.
Insurance is a scam. I can honestly say, I cost car insurance more money than I ever paid them though... Keck. I had Insurance on my house until I paid it off, then did without until I sold it. The house was worth 60K fixed up, and the Insurance wanted 1,500, but also had lots of limits and out-of-pocket costs for major repairs. I was my own handyman so I took the chance... After that I owned Condos and the HOA was responsible for the physical structure, no insurance was required.
You can still insure the Bullion, but I'm not sure of details.
I'm not sure how auto and home insurance is a scam. 1 bad claim and you are fkd without coverage. $1,500 a year to cover a $500k-$900k home doesn't seem bad. Auto insurance is a whole other ballgame and I'm shocked that rates are still as low as they are considering the crazy country we live in.
My home was worth 60K and I was paying 1,500 when I paid it off in 2002 and did without the next 2 years until I sold.
Car insurance tries very hard to get you to use their repair shops and they don't fix your cars very well. They use parts from cars that are totaled to fix cars that aren't. There are chop shops that provide stolen car parts to these repair shops, they use after-market substandard parts. They lowball you on settlements.
I don't disagree with what you are saying. By law you are allowed to take your vehicle to any shop you choose.
In regards to damage, a cracked bumper would cost $300 to fix 10 years ago and now that same bumper costs $3k because it has 4 different pieces and cameras etc..
Not to mention Larry H Parker billboards on every freeway in CA telling people to call him if they are in an accident. The whole country is falling apart because of corruption and greed.
Why not insure as jewelry? Buy some inexpensive coin cases with loops or holes for chains... We have some actual purchased coin jewelry, coins mounted in semiprecious stones; if we were to swap out the centers, many of our coins would be jewelry.
Also, do you want your stacks listed or there? I have no reason to believe insurance lists are more secure than any of the other hacked places, including banks and government.
Good information, thank you!
I've bought 1oz silver rounds as well as 1oz silver Liberty coins.
When I went to add the coins to my personal items policy which is part of my home owners policy, they wouldn't insure the bullion, they (State Farm) would only insure legal U.S. tender. Which is crazy since they will insure random pieces of jewelry.
Insurance is a scam. I can honestly say, I cost car insurance more money than I ever paid them though... Keck. I had Insurance on my house until I paid it off, then did without until I sold it. The house was worth 60K fixed up, and the Insurance wanted 1,500, but also had lots of limits and out-of-pocket costs for major repairs. I was my own handyman so I took the chance... After that I owned Condos and the HOA was responsible for the physical structure, no insurance was required.
You can still insure the Bullion, but I'm not sure of details.
I'm not sure how auto and home insurance is a scam. 1 bad claim and you are fkd without coverage. $1,500 a year to cover a $500k-$900k home doesn't seem bad. Auto insurance is a whole other ballgame and I'm shocked that rates are still as low as they are considering the crazy country we live in.
My home was worth 60K and I was paying 1,500 when I paid it off in 2002 and did without the next 2 years until I sold.
Car insurance tries very hard to get you to use their repair shops and they don't fix your cars very well. They use parts from cars that are totaled to fix cars that aren't. There are chop shops that provide stolen car parts to these repair shops, they use after-market substandard parts. They lowball you on settlements.
I don't disagree with what you are saying. By law you are allowed to take your vehicle to any shop you choose.
In regards to damage, a cracked bumper would cost $300 to fix 10 years ago and now that same bumper costs $3k because it has 4 different pieces and cameras etc..
Not to mention Larry H Parker billboards on every freeway in CA telling people to call him if they are in an accident. The whole country is falling apart because of corruption and greed.
Why not insure as jewelry? Buy some inexpensive coin cases with loops or holes for chains... We have some actual purchased coin jewelry, coins mounted in semiprecious stones; if we were to swap out the centers, many of our coins would be jewelry.
Also, do you want your stacks listed or there? I have no reason to believe insurance lists are more secure than any of the other hacked places, including banks and government.