The Flying Dutchman - $1.2million or .50 cents?

Greatest baseball player of all time?  Ty Cobb?  Babe Ruth?   If the value of a baseball card is any indication, Honus Wagner may be the greatest.  One of his baseball cards recently sold for $1.2million!

Often referred to as the "Holy Grail" of sports collectible cards, this rare, mint condition card if insured by a "normal" home insurance policy, would  garner a claim payment of about .50 cents if stolen!  Talk about depreciation!  That is why any collectibles you have should be specifically insured on your policy.

Have you purchased firearms, artwork, antiques, golf clubs, stamps, coins or other valuables since you first purchased your homeowners insurance policy? If so, you may need extra protection for those items.  The truth is that in a difficult economy, the number of thefts is on the rise. The best way to protect a valuable article is through a schedule on your policy.

Most basic policies cover valuable items but have limits on not only the dollar amount of losses but also the type of loss that is covered. So if the value of your possessions exceeds those ceilings, consider a personal-articles floater addition to your home policy.

Talk it over with your Trusted Advisor.  Scheduling each piece or item may cost a bit more in premiums, but it offers broader protection because the floater covers losses of any type, including accidental losses—such as the mysterious disappearance of your Honus Wagner baseball card—that your homeowners insurance policy will not cover.