Backstory: I'm a bit pessimistic about wether insurance is paying what they promised, mainly from stories of family and friends. Never had an issue with my own insurance company, but they have a local agent that is well known and has a reputation to loose - so I feel pretty safe there.
@Khahan: You obviously think that collectinsure is trustworthy - what led you to this other than their professional correspondence? Are they a well known player in the field or a newcomer?
Additional question: Do I have to get some extra security for my collection? Is it ok to just have the cards in a normal cabinet or do I need to get a safe?
Thanks in advance guys!
They have an 'about us' section on their page but basically they've been around since the 60's, so 50 years of business. And, more importantly to me, they were founded by a hobbyist. Talking to them reminded me a lot of my dealings with Hagerty Insurance who is a specialty carrier for antique and collectible cars. They understand the collectible world in a way that normal underwriters and claims reps just never will (from an insurance perspective there are certain things that hold true whether you are collecting coins, stamps, baseball cards, Magic cards or even antiques).
Right now my collection is insured for $15k at $106 for the year. Now that I'm back into collecting more and have a better handle on the value of things I'm getting ready to bump that up a good bit.