While engaged in your favorite pastime of cartophily, you may have wondered what would happen if you lost your 1933 Nappy Lajoie #106 or your T206Wagner.  Would your homeowner’s insurance policy cover these losses?

While recently reviewing a homeowners policy for coverage, I came across this endorsement:

     Special Limits on Sports Cards

               our liability for losses on certain personal property is limited as follows:

               12. $200 per card and $1000 in the aggregate on sports cards, including but not limited to baseball cards.

So the good news is the loss of your favorite baseball cards is covered by insurance.  The bad news is that you only recover a maximum of $200 for each card--a dreadful loss.

I wonder if these ( or these) trading cards are within the endorsement.  Probably so, but I suspect the $200 per card limit is seldom reached. Famous mathematicians or artists aren't as highly compensated as professional athletes.  For some reason, there are no lawyer trading cards, but of course there are trading cards for unexpectedly different kinds of sharks.

If you happen to be lucky enough to own that Nappy Lajoi or Honus Wagner card, or if you have an extra gold coin or shiny rock in your sock drawer, be sure to get a rider.  Your regular policy won’t cover high value personal property.

Update:  Dilbert also examines insurance policy coverage issues.

Posted by Joseph R. McFaul on Sunday, December 18, 2005 at 00:00 Comments Closed (0)

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