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Do you insure your PMs ?

Discussion in 'Financial Cents' started by fortunateson, Mar 31, 2011.

  1. fortunateson

    fortunateson I hate Illinois Nazis!

    My homeowners insurance said they would cover them as they would a coin collection.

    Wise or not?

    First, I'd have to bring them to a coin dealer and get them appraised.
    Then I'd have to tell my insurance company about them.

    On the downside, that creates 2 points of OPSEC weakness. 2 companies that would know what I have and how much they're worth.
    Honestly, I'm not sure if its worth the worry because it's a not a major amount.

    On the upside, I'm covered if they get ripped off.

    What thinketh thou?
  2. tacmotusn

    tacmotusn Mosquito Sailor

    Only with a Treadlock Gunsafe, an alarm system, neighbor response and auto dial to my cell when gone, and Ruger. Pity the poor fool who trys to take em. Gators gotta eat don't you know?
    There is a bit more to it than that but, OPSEC says I have said enough.
    fortunateson likes this.
  3. TnAndy

    TnAndy Senior Member Founding Member

    Insured by 4' of dirt.
    Gator 45/70 likes this.
  4. TxLoneWolf

    TxLoneWolf Monkey+

    A list of PM's in someone's office is like a shopping list to a theifl
    Falcon15 and fortunateson like this.
  5. VisuTrac

    VisuTrac Ваша мать носит военные ботинки Site Supporter+++

    What PM's? and for that matter what guns? I don't even know what heirloom seeds or naturally reproducing animal breeds are?
    Falcon15 likes this.
  6. fortunateson

    fortunateson I hate Illinois Nazis!

    PM = Precocious Minds
  7. melbo

    melbo Hunter Gatherer Administrator Founding Member

    I vote no but I live without a lot of the insurance safety nets that modern society thinks we should have.

    Good to see you fs!
  8. fortunateson

    fortunateson I hate Illinois Nazis!

    Eh - still not sure what to do about it. Might let them insure part of it. In that way it won't attract too much attention.
    Meanwhile, I bought some extra bolts for the safe. Going to add a few more motion sensors to the alarm system.

    Right back at ya Melbo!
  9. Gator 45/70

    Gator 45/70 Monkey+++

    Hahaha..Perfect spot..No one think's twice when your diging in the flower bed....

  10. melbo

    melbo Hunter Gatherer Administrator Founding Member

    I don't have any of mine locked up- I hide things in plain site. Let them steal the safe that's only full of old tire weights from the Walmart auto center.

    Who's going to look twice at that 5 gallon bucket of rusty nails in the shop? Maybe toss a dead bird on top for good measure.
    fortunateson likes this.
  11. fortunateson

    fortunateson I hate Illinois Nazis!

    Flower bed?
    Better off where the dog cr*ps.
  12. fortunateson

    fortunateson I hate Illinois Nazis!

    My wife... minutes before she throws it out. :shock:
  13. Tikka

    Tikka Monkey+++

    PMs are a lot easier to bury properly than pay insurance.
  14. STANGF150

    STANGF150 Knowledge Seeker

    Melbo, technically that safe full of Tire Weights IS Precious Metals Too!! IF ya know what its used for. =)

    My small amount of PM is protected by 12 Gauge & being well hidden. Amazing how easy to hide away a good quality ammo can is ain't it?
  15. fedorthedog

    fedorthedog Monkey++

    Gee mine melted [gun]
  16. Idahoser

    Idahoser Monkey+++ Founding Member

    all insurance is a wager you want to lose. I chose a safe over paying a company to pay me if I get robbed.

    As a side note, 'health care insurance' is as stupid as paying a company to fill your gas tank in case it gets empty. If you will definitely use the service, the company has no choice but to charge you more than it would have cost you to simply buy it yourself.
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