Insurance - How to insure coin collection?

Recently inherited a coin collection. Have no idea as to its value for insurance purposes and there are too many coins to individually determine the value.

Is there a standard method to value such a collection? Thanks.

I believe you will find that most insurers will require an apraisal by someone with the credentials to do this. It may be worth the cost to get this done. Good luck.

Most insurance companies want you to purchase additional coverage for things like coin collections and jewelry and require an appraisal first.

Take your collection to a local coin shop. Offer to pay the shop owner to give you an estimated value based on a quick visual in order to determine if the collection or any part of it is worth enough to have certified. Companies like NGC or PCGS certify coins but it is not cheap to do so. Your insurance company will easily issue you a rider on your homowners policy for certified coins.

For all others ask your insurance company about the extent of appraisal to issue the rider.

Their are also coin catalogs or coin price guides available.

You need a "personal articles floater" or PAF to insure these coins if they represent significant value. The PAF coverage is "all risk", includes mysterious disapearance and is generally written on an "agreed value" basis. These terms are not available on a homeowners policy. The PAF is issued from the same company that insures your home and generally they are priced very reasonably. Your agent can give you the premium if you give him/her the total appraised value. You must get an appraisal from a coin dealer on this. Insurance Guy..