Sunday, February 19, 2012

Are you covered? by Jenny Creekmore

Jennings Sun Chief After Being Pulled From Hurricane Katrina Flood Waters

We receive phone calls and emails from collectors asking about antique slot machine appraisals for insurance purposes.  I thought this would be an excellent blog topic as it usually is not discussed.

Whether you have one or numerous slot machines, it is important to know if your antique is covered by your homeowners insurance or collectors insurance.  In a lot of cases (but not all), insurance companies may require a professional appraisal in order for your machine to be covered. 

This is a service that the Nation’s Attic offers for a minimal fee. 

One option that is available is the historical report, which provides detailed facts and interesting trivia about a single machine.  The second option pertains more to a collection, which is a condensed version.  Both options include the replacement value and are printed on our business letterhead. 

We have seen antique slot machines come into our shop, because it has been destroyed by flood, fire, hurricane, tornado’s, burglars and so forth.  It might be worth a phone call to your insurance agent to verify your antique slot machine(s) is covered with your policy.  If a professional appraisal is indeed needed, please feel free to contact the Nation’s Attic at slots@nationsattic.com or 316-371-1828.

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