Why a household rider is not enough
Most homeowner policies pay a small, fixed amount for "coins and collectibles" — far below the value of a serious numismatic collection. Insurers require a professional written appraisal to schedule a collection properly, and a claim will be settled on the strength of the documentation you hold.
An insurance appraisal by Joel J. Forman documents the collection item by item, with values that reflect the numismatic market — not a dealer's buy price.
What the appraisal includes
- Item-by-item documentation — attribution, condition and appraised value for each piece.
- On-site inspection — performed where the collection lives, so the collection is never transported or out of your control.
- Insurer-ready report — a comprehensive written report that can be sent directly to your insurance company.
- Periodic updates — the appraisal can be updated on a schedule, which is especially important for insured collections as the market moves.
- Grading recommendations — advice on which coins, if any, should be sent to a professional grading service, particularly for rare or uncirculated pieces.
Good to know: an appraisal represents the estimated value of the collection at a given moment. Reappraising on a cycle keeps your scheduled coverage aligned with reality.
Ready to protect your collection? Contact Joel J. Forman to arrange an on-site visit, or read how the process works.