Shopping Cart -

Your cart is currently empty.
Upgrade to today
for only an extra Cxx.xx

You get:

plus This issue of xxxxxxxxxxx.
plus Instant access to the latest issue of 350+ of our top selling titles.
plus Unlimited access to 30000+ back issues
plus No contract or commitment. If you decide that PocketmagsPlus is not for you, you can cancel your monthly subscription online at any time. Auto-renews at $9.99 per month, unless cancelled.
Upgrade for 99c
Then just $9.99 / month. Cancel anytime.
Learn more
Pocketmags Digital Magazines
US
Pocketmags Digital Magazines
Read anywhere Read anywhere
Ways to pay Pocketmags Payment Types
Trusted site
At Pocketmags you get
Secure Billing
Great Offers
Web & App Reader
Gifting Options
Loyalty Points

INSURANCE IN THE WORLD OF COINS

A TOP COIN INSURANCE AGENT REVEALS THE INS AND OUTS

If you are reading COINage magazine, it is likely that you have asked yourself if you need insurance to cover the value of your coin collection or inventory in the event of a loss.

In order to answer this question, the concept of “insurance” needs to be defined. In its simplest form, insurance undertakes to protect the insured against monetary loss that is the outgrowth of the happening of some unfavorable contingency. Through the agency of insurance, the burden of risk is transferred from the shoulders of the individual to whom it attaches to a carrier willing to assume it.

With this in mind, you only need to ask yourself whether you are willing to assume the burden of risk. There is a cost involved in transferring the risk to an entity willing to assume it. You are in the position to determine if the benefits of risk transfer outweigh the cost.

Several factors weigh into the decision of your insurance needs. You need to determine if you have an insurable interest.

For example, if you have a collection or inventory of coins that would be in your interest to protect against the perils of the coin business, that would be a factor. You need to determine if you can afford a monetary loss that is the outgrowth of the happening of some unfavorable contingency or event.

READ MORE
Purchase options below
Find the complete article and many more in this issue of COINage Magazine - November 2018
If you own the issue, Login to read the full article now.
Single Digital Issue
November 2018
$4.99
This issue and other back issues are not included in a new COINage Magazine subscription. Subscriptions include the latest regular issue and new issues released during your subscription.
6 Month Digital Subscription
Only $ 2.16 per issue
SAVE
57%
$12.99
Annual Digital Subscription
Only $ 2.50 per issue
SAVE
50%
$29.99
Monthly Digital Subscription
Only $ 3.99 per issue
SAVE
20%
$3.99

View Issues

About COINage Magazine

CoinAGE November 2018, Special Edition: Protecting Coins from Danger, Wind, Water & Coins, And More......