rtr12 posted:I would check with your home owner's insurance agent first about what is included in your coverage already. I did that a few years ago and they covered up to like $5k-$10k or something in that range. After that, I never pursued the special train insurance any further as I think that more than covers mine. I have forgotten exactly what all they told me back then? Guess I should call them again and refresh my memory a bit.
Although it IS a good idea to know what your homeowners policy covers (and not just for trains), the devil is in the details, and it's unlikely that your agent will understand your train collection.
In addition to the coverage limit being far less than my trains are worth, on MY policy, the amount of coverage for an item that is no longer produced was minimal. For example, regular homeowners insurance doesn't understand that replacing your roadname X passenger cars from 2005 with currently-produced ones that have roadname Y isn't good enough.
Many years ago, when my collection was much smaller, I had a policy with what I considered to be vague wording about covering my trains. I drafted some wording and got my agent to sign a letter stating that my policy would cover the trains under my contents coverage. I doubt that an agent would be willing to go on the hook in that manner today, though.
