Insuring Your Insulators

If you want to know why you should insure your insulators... Yes, that was a CD 164 H.G.CO. in Peacock Blue...

Since 1993, the National Insulator Association has had an insurance policy available for current members. This is a policy especially designed for insulator collectors, and is backed by the ITT Hartford Insurance Group. This policy features a number of attractive benefits:

• You are covered for the actual cash value of your insulator or related collection
• You determine the value of your collection and insure it for that value
• Breakage of individual pieces is covered (including breakage from earthquakes)
• Coverage also applies when you are transporting or displaying your collection
• Dealers operating out of their house are also covered at the rate for a personal collection
• The NIA, if needed, will assist in the evaluation of a loss
• Your coverage may be increased or decreased at any time during the year.

The rate schedule is quite reasonable. Basic information is provided below.

• The basic rate is $5 per $1,000 valuation per year
• Earthquake coverage is an additional $3 per $1,000 valuation
• There is a $50 deductible per claim
• Items valued at $1,000 or over must be specifically itemized and valued, otherwise they are not covered
• For an evaluation of $10,000 or less, the premium is $150 for a three year policy
• For an evaluation between $10,000 and $20,000 the premium is at the rate of $5 per $1,000 per year, but a three year policy must be purchased
• For an evaluation of $20,000 or more you can obtain an annual policy

You must be an active member of the National Insulator Association, and a copy of your NIA member card must be provided as part of the application process.

For more information, contact:

Charlotte Stevens
StarkWeather & Shepley, Inc.
P.O. Box 549, Dept. WWW
Providence, RI 02901-0549
(800) 854-4625

All attempts have been made to provide accurate information here. However, in the case of discrepancies, the information provided by the insurance agency is the official source.

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Last updated Wednesday, April 23, 2003