Interesting way of looking at tit Kaiser! LOL

Thanks Seth & Kaiser for the answers! Interesting how such services can get stacked? I’ll pay you, you’ll pay them, they’ll pay?, so on and so forth? Get enough parties involved and they’ll cancel each other out and no one will be responsible for paying out the claim? Kind of how it appears to work now? Joking, but kind of serious…

Caliskier,

As a former licensed insurance agent in Texas, the answer to your question is “”Yes” – insurance companies often take out “backup” insurance policies on their own insured “risks” like this $25 million gold coin set with other Insurance companies. Insurance is a gamble, of course, but you can limit your risk somewhat with such a strategy.

NumisdudeTX

Kaiser Wilhelm and Seth, you bring up a good point and I’m wondering, if an insurance company can take out a policy, to “insure, what they are insuring”? Hmmm…

You can bet the company that insured this amazing collection of 61 highest grade gold coins is crossing their fingers that they aren’t stolen in transit or while on exhibit at this major 5-day coin show/convention.
They sure are nice to look at!

NumisdudeTX