Security & Insurance

Because your Oz Treasures are precious to you, be sure to protect them with the correct security measures as well as the correct insurance coverage. Items in your collection can get broken, stolen, damaged by water, or destroyed by fire. Disaster, both natural and manmade, can strike when you least expect it. Here are some tips that you can use to prevent your Oz collection from harm.

Precautions for preserving your Oz Collection

*Make sure to check your smoke detectors and other warning devices that they are properly operating. *Check and maintain fire extinguishers to be certain they operate properly.

*Insure items that are particularly valuable. Page down further for more information on collectible insurance.

*Maintain an inventory of the items in your collection. Always update the inventory with new acquisitions. For the most valuable items in your collection some things to include are photographs and appraisals if you have them. This inventory should be kept in a secure location off-premise, such as a safe-deposit box or relative's home.

*When placing items from your collection in storage consider location of water pipes and fuel pipes when deciding where to store your items.

*Take special precautions to minimize potential damage. For instance, raising storage boxes off the floor by placing them on shelves or plastic pallets may keep them dry in the event of a flood. Cover boxes and objects in polyethylene plastic to mitigate water damage.

Appraiser Listings

For some of your more rare and expensive Oz items you may want to consult an appraiser which is why this list is provided.

American Society of Appraisers

www.apo.com

555 Herndon Parkway, Suite 125

Herndon, VA 20170-5248

703-478-2228

You can locate an appraiser by clicking the web site link above or calling 800-ASA-VALU

International Society of Appraisers

isa~appraisers.org

Riverview Plaza Office Park

16040 Christensen Road, Suite 102

Seattle, WA 98188-2965

206-241-0359

Toll-free appraisal referral and information line 888-472-5587

Insurance 101: Protecting Your Collection

Here are a few things to know about insurance and if you need it! *Standard homeowner's or renter's policies insure the contents of your home, apartment, or place of residence. *Standard homeowner's policies have limits on the amount of loss you can claim for specific items. So make sure to check your policies limits and possible get further information from your insurance agent. *Depending on your policy, you will be paid for the complete replacement of the item or for the replacement cost minus depreciation value. *The cost of the insurance policy for a valuable collection can exceed the cost of the entire collection. If this happens to you, consider only insuring the most valuable items in your collection.

Here are a few steps in which to follow when looking to get the insurance you need.

1. Take the time to find a broker or agent who knows the ropes about collectible insurance.

2. Shop around for the best insurance rates.

3. Talk to other collectors to get there opinions and suggestions on the best insurance.

4. Don't sign anything you don't understand. Read the terms of the policy very carefully.

5. Review your policy every year at renewal.

This is a Glossary of terms used by the Insurance Biz.

Actual cash value

*Replacement cost of the item or an item of like kind-minus depreciation.

Replacement cost guarantee

*The lost article replaced with something of the same value by today's standards. The item is not depreciated.

Scheduled endorsement

*An add-on to your policy. In the case of loss, you get the appraised value for your collectibles. The collection must be appraised beforehand.

Valuable items policy

*The amount that you and the company agree upon. This amount may have to be established by an expert who serves as a mediator. The collection must be appraised beforehand.

Directory of Collectible Insurance Carriers

COMING SOON!

The Wizard of Oz and all related elements and characters are registered trademarks of Turner Entertainment Co. The web master claims NO rights to any images, or musical reproductions! This site is not affiliated with Turner Entertainment Co. or Warner Bros., and have only been produced for the enjoyment of the Oz Collector's who visit!