Cigar Insurance

[TonyN]

While puffing on my pipe yesterday a thought came to mind
Given that cigars can be worth quite a lot of money especially when you build up a collection over a period of time, it made me think if anyone has
insured their stash of cigars. Is this even possible given that cigars are perishable can't even begin to imagine the feeling of our entire stock being
wiped out say in a fire or a flood or even stolen by a burgler.
I wonder what retailers do to safeguard their stock surely they must have some kind of insurance or is it easier for tobacconist's being retailers
get insurance on their stock and us being the cosumers can't get insurance but if we did it probably be sky high.

[Budgie Smuggler]

No idea how true it is, but I once read a story about a man in the US who insured a box of very expensive cigars, smoked them and filed a claim for their loss in a series of "small fires".

The insurers supposedly paid out before filing a claim that saw him imprisoned for arson & insurance fraud before claiming their money back.

[rascal]

Your home insurance will cover them for fire flood theft (for going bad, bad storage or beetles your buggered) If you have a large collection you will need to have them as a named item on your insurance but thats the same with anything you have in your house of large value like jewellery with a high value

[ValeTudoGuy]

that's a lovely story but completely false, my Mrs works in Insurance and it's an industry joke. In reality your going to have to talk to your insurer as they all work slightly differently. Where my Mrs works it would be a bespoke policy which would require visits to assess the collection and update stock etc. E.G it would not be cheap.
For smaller collections they 'could' be covered by your standard policy depending on the terms. E.G unspecified items under ?2k...

Best to talk to your insurer though.

[TonyN]

No idea how true it is, but I once read a story about a man in the US who insured a box of very expensive cigars, smoked them and filed a claim for their loss in a series of "small fires".

The insurers supposedly paid out before filing a claim that saw him imprisoned for arson & insurance fraud before claiming their money back.

I don't think it would be worth getting them isured because the isurance companies would sting us worse than a bee would
for many reasons.
for

[MikeMcLean]

I pay ?50 a year to insure a collection up to ?4000 through AXA. Covered for flood fire and theft as well as collection being destroyed by mould or infestation.

[butternutsquashpie]

i learned the other day that cigars are covered under regular house insurance here.

i just take pictures of everything and keep it around when/if i need to report it. helps to take inventory every once in a while.

[Wigan]

No idea how true it is, but I once read a story about a man in the US who insured a box of very expensive cigars, smoked them and filed a claim for their loss in a series of "small fires".

The insurers supposedly paid out before filing a claim that saw him imprisoned for arson & insurance fraud before claiming their money back.

I had heard this story and I'm gutted to hear it isn't true