How much is your stuff worth?

[Stampin' Annie]

I know people have mentioned getting a rider for their insurance policies to cover all their crafting stuff, but I'm curious to know how many of you have actually done it?

Even if you haven't, have you ever totaled up the montary value of your supplies?

The reason I ask is that I was putting together a small amount of stamps for sale (or what I thought was a small amount), and the original retail value is almost $500! I can only imagine what my entire collection of stamps, tools, etc. is worth. Scary!

[Knutsen24]

Priceless

To be honest, I'm not sure that I want to know the value of my craft room lol!!

[kitty14]

Yep! The thought of how much I have spent over the years is frightening! It's enough to make me break out into a cold sweat and a severe feeling of guilt. BUT, the really scarey part is when you start to think about how much you have stashed and have not used!!! My advice is, "Do NOT even think about it!" LOL!

Seroiusly though, it must be in the area of a few thousand $ when I think about stamps, embellishments, paper, inks, reinkers, card stock, dp, chalks, Prismacolor pencils (both kinds), Copics, SU markers, Marvey and Tombow markers, etc.:oops:

[momis mama]

Quote:

Originally Posted by Knutsen24

Priceless

To be honest, I'm not sure that I want to know the value of my craft room lol!!

ditto!

[crafty1021]

I don't want to think about it too much but I know it must be over $5,000 because that is what my sewing machines alone are worth! YIKES! Then add in the $500 of cross stitch patterns, over $1500 in stamping and scrapping items I purchased just last year...Jeez, I could go on but I think I had better stop...I could probably pay off our mortgage with all the craft supplies I have! I would hate to think of what would happen if I had to replace everything!

[Stampin' Annie]

Quote:

Originally Posted by crafty1021

I don't want to think about it too much but I know it must be over $5,000 because that is what my sewing machines alone are worth! YIKES! Then add in the $500 of cross stitch patterns, over $1500 in stamping and scrapping items I purchased just last year...Jeez, I could go on but I think I had better stop...I could probably pay off our mortgage with all the craft supplies I have! I would hate to think of what would happen if I had to replace everything!

That's exactly why I posed the question. One, I need to save more money with the economy in the toilet, and two, what if our house burned down tomorrow? That's a BIG investment gone...

[sprtchick]

I have a rider for $25,000 on my craft room. The first year alone I spent over $12,000.00 including the furniture that is all matchy matchy.
Blessings.

[glitterdovefairy]

I have been working on thist total. Now that I am in a rental I need to get rental insurance and everything in the house is lumped into one total. The rest of the house contents were easy to value but craft room has been very tough. Dh wanted me to have this done before the first. Ummm nope.
Sewing machine $7000
furniture $700
Stamps $1500
Inks $250
12x12 Paper... ? $500
81/2x11 paper... ? $200
8x8 paper... ? $50
various atlerables and altering items... ? $100
Ribbon... ? $350
Beads $50
glitter $200
Stickles $70
stickers, die cuts, pop outs, rub ons $700
craft bags/totes $450
markers $200
pencils/chalks $150
cuttlebug & dies 250
xyrons $110
glues/tapes $200
Books $300
photos (waiting to be scrapbooked) $280

=$13860 (glad I sold off so much last year)

scrapbooks... how do you put a price on scrapbooks you have made I have about 25.

I prefer the word priceless

[franb63]

With me living in a place where you watch The Weather Channel Tropics update every 8 minutes for 6 months a year I've wondered this too.. I dont even want to KNOW the true value in this room.. I have thought about it. Just keep saying it is a scary thought..,

[Lollies]

Quote:

Originally Posted by glitterdovefairy

I have been working on thist total. Now that I am in a rental I need to get rental insurance and everything in the house is lumped into one total. The rest of the house contents were easy to value but craft room has been very tough. Dh wanted me to have this done before the first. Ummm nope.
Sewing machine $7000
furniture $700
Stamps $1500
Inks $250
12x12 Paper... ? $500
81/2x11 paper... ? $200
8x8 paper... ? $50
various atlerables and altering items... ? $100
Ribbon... ? $350
Beads $50
glitter $200
Stickles $70
stickers, die cuts, pop outs, rub ons $700
craft bags/totes $450
markers $200
pencils/chalks $150
cuttlebug & dies 250
xyrons $110
glues/tapes $200
Books $300
photos (waiting to be scrapbooked) $280

=$13860 (glad I sold off so much last year)

scrapbooks... how do you put a price on scrapbooks you have made I have about 25.

I prefer the word priceless

OH MY! that is a lot of stuff. I don't even think all my stuff would even make the $700 mark. xx

[Julie in Indy]

I work in the insurance industry (and have for 25+ years) and as long as the supplies are used for personal use only, they would be considered "Contents" (Coverage C) under *most* insurance policies.

Most homeowners get a standard amount of coverage for contents that is a percentage of the amount carried on the home - a $100,000 home might have $75,000 in contents - this is an example only - check your individual policy to see what limits are available on your policy.

Since I just purged my closets/drawers and estimated values on those items, I can say that the limit we have on coverage C would be grossly inadequate if we were to have a total loss. (i.e. a huge fire that destroyed the entire home).

It's not likely I'd have a loss that would decimate my craft room but if I did, I'd have to guestimate that the amount of contents coverage on our homeowner policy would need to be increased. That's because we're supposed to figure on replacement cost - not what we paid for an item. If it costs $50 to buy a new Cuttlebug....$6 for each embossing folder....$5.50 for each pack of SU cardstock....

YIKES.

[Ragtop]

Funny you should ask this. I gave my husband a rough estimate of $20,000 last year when we got our renters insurance. Since then I've been working on a Excel spreadsheet. I made tabs for "SU! Sets", "Inks & Coloring Implements", "Non-SU! Stamps", "Books", and "Tools".

The first thing I put on it was my SU! stamps (updating as new sets came in. So far I'm just over $10,000 in those alone. I hadn't worked on it for a while so that's what I did ALL day yesterday. I entered my TAC sets, ink pads, refills, SU! markers, chalks, SU! pencils, the majority of my punches, the tools I've gotten from SU!, die-cut machines and some odds and ends. So far, I'm up to $13,238.52 and this doesn't include any dies, non-SU! stamps (except TAC), storage units, books and non-stamping/scrapping items (such as sewing machines of which I have three). I also didn't include paper/cardstock or adhesive because they're consumables but I would guesstimate I have probably over $2,000 worth (I like paper )

While I can put a price tag on most of it, there are some things in my craft room that are priceless. The cabinet, ribbon holder, and embellishment holders that my husband built for me, the sewing machine that was my grandmother's, and the scrapbooks/pages that I've done. Those are things I'd be heartbroken about if I was to lose them.

Guess I'll work on this some more today. :rolleyes:

Good luck on putting a price on your toys.

[DaisyMaisieG]

I wouldn't even like to hazard a guess as to what my stash is worth. Way too scary!

[Julzz]

I don't really want to know...Scary.. I have a room that is ready to bust at the seams. Roughly I would estimate it in the $20,000 area... Should probably update the ole insurance a touch. ;>)

[meluvstampin]

I had to do this 2 years ago and at that time my total was about $10,000 but I have SO MUCH MORE now.
It is time to do it again.

What have you found to be the easiest way? I like the way RAGTOP suggested as she did hers.

[jd33]

Quote:

Originally Posted by franb63

I dont even want to KNOW the true value in this room.. I have thought about it. Just keep saying it is a scary thought..,

I know! I would never want to figure it out on paper for fear my hubby would find out. What he does not know is NOT going to hurt him.

[Stampin' Annie]

Quote:

Originally Posted by jd33

I know! I would never want to figure it out on paper for fear my hubby would find out. What he does not know is NOT going to hurt him.

Yeah, DH was in a bit of shock when I told him the sets I'm selling are worth $500. He immediately asked, "So how much is the rest of this all worth?!?!"

[pjw2855]

You have to be careful that you don't imply to your insurance company/agent that you have a craft business. If that's the case, your insurance will go up considerably.

Your craft items (how ever large or small they may be) are considered personal belongings just as your furniture, clothing household items are. So you would just want to increase the amount of coverage you want.

It can help to take pictures of some of your more expensive items, but in the long run you will never get full reimbursement for all those items.

I'm now a renter and increased my coverage by 1/2 again what I previously had. Knowing that even with the additional coverage, I would never recoop for all my personal belongs...clothing, furniture, TV, etc and my craft and other hobby items. I have cross stitch books alone that would total over $4000 just from the price listed on the covers.

Patti

[Paper Kissy]

Quote:

Originally Posted by glitterdovefairy

I have been working on thist total. Now that I am in a rental I need to get rental insurance and everything in the house is lumped into one total. The rest of the house contents were easy to value but craft room has been very tough. Dh wanted me to have this done before the first. Ummm nope.
Sewing machine $7000
furniture $700
Stamps $1500
Inks $250
12x12 Paper... ? $500
81/2x11 paper... ? $200
8x8 paper... ? $50
various atlerables and altering items... ? $100
Ribbon... ? $350
Beads $50
glitter $200
Stickles $70
stickers, die cuts, pop outs, rub ons $700
craft bags/totes $450
markers $200
pencils/chalks $150
cuttlebug & dies 250
xyrons $110
glues/tapes $200
Books $300
photos (waiting to be scrapbooked) $280

=$13860 (glad I sold off so much last year)

scrapbooks... how do you put a price on scrapbooks you have made I have about 25.

I prefer the word priceless

There is a such thing as a $7000 sewing machine? What brand is it?

Erin

[cjbapp]

Quote:

Originally Posted by Paper Kissy

There is a such thing as a $7000 sewing machine? What brand is it?

Erin

Good question...I was wondering on that too...my mom is a seamstress for an interior decorator, and her three machines are top of the line including a Viking Des 1, a Juki industrial machine and a coverlock serger and they total $7k in value altogether. And I thought her machines were rediculously spendy compared to my little $500 baby...LOL

[cjbapp]

And as for the total value of all my stuff...

Not exatly sure, a rough estimate a while ago (before I started collecting QK dies and Copics) was (ONLY...compared to most of you!) about $6000. Our insurance policy covers it in full loss and we needed no special rider, however our agent suggested keeping a photo log of what we do have (electronics and craft items) in case of theft or partial damage. I did that...and store the photos online as well as a fireproof box.

It all depends on the total value, your basic insurance coverage and your company.

[whoistracy]

I'm not sure I'd want to know. That would give my hubby more ammo to use against me. LOL

[cjbapp]

Quote:

Originally Posted by jd33

I know! I would never want to figure it out on paper for fear my hubby would find out. What he does not know is NOT going to hurt him.

But it might hurt you if your house burns down and there is no money left to replenish your hobby! I would rather have DH go through shock now...LOL...then he would be out of the house in the hospital a while all those packages show up at the door.

[frankie]

I did a quick guesstimate for DH and he didn't even bat an eye . . . I love that man!!

I'll admit to it being a pretty big 5 digit number and just leave it at that! :mrgreen:

[s_anthony]

I got a rider policy only after I realized to total cost of my room contents is really about 1/3 of the total 70k of "content" coverage we had. It's honestly the most expensive room in the house...

[s_anthony]

We actually also sent pictures TO our insurance company of most of my stuff, including our CD collection, our DVD collection etc. We had our home broken into about 4 months ago and lost about 7,000 in stuff - we learned the hard way sadly because we didn't have a list of most of the DVD's. I can only imagine a total loss of stuff from a fire etc and how hard it is to make lists of things we have. and we have a LOT of stuff!

[s_anthony]

Quote:

Originally Posted by pjw2855

I have cross stitch books alone that would total over $4000 just from the price listed on the covers.

Patti

I hear ya there... I have about that much in polymer clay books. The problem with books though is that you definately will not get full price back on them, and if your lucky you might get 1/3 of that minus the depreciation value... uugh. That's what sunk us on getting our DVD money back... we got average of $10.00 on DVD's minus a depreciation value...

[campstamper03]

When we built my stamp room, and that is all it is for, stamping and scrapbooking, my DH wanted to know what I thought the amount was of all the stuff in there. I started with the furniture, shelves, laptop, flatscreen TV, DVD player, stamp sets, stamps, paper, emblishments, etc, and it came to about 25,000, (of course, that did not take in the carpet and structure of the room which is 18 x 20). I don't know who was more surprised, him or me. One of the reasons, that I decided I needed to start using the stuff I had in there before buying a bunch of new stuff.

[row4d]

I've never totaled everything up that's in my stamp closet, but I have $30,000 in coverage through my renter's insurance policy and since the only furniture I own is my bed and an armoire (the rest is my roomie's) I'm positive that it's enough to cover even a total loss of all my belongings.

My roommate and I were thinking about how much we had invested in our stamping supplies between the two of us, though, and it was a bit scary to realize that between pads, markers, and wheel cartridges, we each had several hundred dollars worth of ink alone!

[Joan B]

I sold a bunch of stuff last fall for $600. It represented a fraction of my stash. Kind of scary, huh?

[SammyStamper]

It is really a good reminder to review your homeowner's policy. DH and I say every year we are going to do it, and we don't! 2009 is the year. Between my craft room and his music studio, I fear we don't have enough for a total loss. Not including art we have bought, jewelry, etc.

[sparkplug17]

Quote:

Originally Posted by sprtchick

I have a rider for $25,000 on my craft room. The first year alone I spent over $12,000.00 including the furniture that is all matchy matchy.
Blessings.

Thats how much I have for insurance too...minus the furniture.

[Consuelo]

I could say a lot because we suffered a catastrophic loss. Our home was hit and destroyed by a tornado in February. I think because there were 300 houses hit in this particular storm, the insurance people weren't that picky. They were just trying to cut checks to their clients as quickly as possible. I claimed everything I could possibly think of. Basically I just went through the catalog and got an idea of stuff. It was totally an estimate. Honestly I think I lost a lot more, but it didn't matter because we had bigger ticket items to concern ourselves with, the entire house was a loss. I think I claimed about $5000 worth of stamping stuff. The insurance lady didn't even bat an eye and we moved on to the next items on the list.

I do suggest you keep an up-to-date inventory in a lock box or safety deposit box. It will make your life so much easier in the event of a loss.

[MJHBJS]

In the event of a fire, its easy to go through the living room or family room and detail what is in it for replacement. I would have trouble remembering what was in a single drawer in my craft room - that is, until I needed it. That is why pictures are so important. We try to do photos once a quarter (AND STORE THOSE OFF SITE) so that there is "proof" of what we have. One, you are unlikely to remember everything after a catastrophic loss, and 2) its unlikely that the insurance adjuster has ANY clue how expensive (or is the word expansive) our hobby is... so we need to be able to outline and "prove it". Photos, video, whatever... but you need to help yourself cause I am sure that boning tool will not be on the top of your mind after you have gone through a horrible personal event (whether that be robbery or fire or flood). As a photographer, quilter/embroiderer (with two machines valuing over $7000) and a new stamper, these toys add up quickly. Once a quarter to walk through and snap a couple pics is a small price. Besides, that is how I remember where everything is

[lynnewithane]

I'm another one who doesn't want to know. I'm a SU hobby demo, so I buy new stuff all the time. I never sell my stamp sets, so I have a lot of them. (I'm sure there have been threads about that.)
But, I started thinking: if there was a fire, and all the stamp sets burned, the only ones that could be replaced would be the current ones anyway.
As someone else mentioned, you never get full value. About 10 years ago, my husband had an accident. It was totally the other person's fault. Our car, which was paid off, and ran just fine, was totaled. We, of course, got only a fraction of what it cost us to get a new car. We were saddled with a 5 year car loan that we hadn't planned on.
I guess my point is that if there is a catastrophic loss, nothing can replace it.
I don't have a rider, and I don't want my husband to know how much it is all worth. I guess I'll just have to pray that nothing awful happens.

[Consuelo]

Quote:

Originally Posted by s_anthony

I hear ya there... I have about that much in polymer clay books. The problem with books though is that you definately will not get full price back on them, and if your lucky you might get 1/3 of that minus the depreciation value... uugh. That's what sunk us on getting our DVD money back... we got average of $10.00 on DVD's minus a depreciation value...

Our insurance gave us REPLACEMENT value. If the item appreciate, like a coffee set I got from Europe, we got the higher amount. If it was something like our flat TV, which is a lot cheaper to replace now than it would have been 2 years ago when we originally got it, then we got the lesser value. Our insurance adjuster actually went to Best Buy with the specs of our flat TV and gave us the amount of what a similar TV (she found the most expensive of the same size) currently costs.

The goal was replacement.

ETA: If we chose not to replace the item, then we would get the depreciated value.

[ILdyson76]

My ins. agent sends out reminders once a year to update all of our policies, mainly the homeowners. So for the past couple years, i've raised our policy, based on his estimation, and any other big purchase/remodel changes. I do need to redo my pictures and lists again, because I keep adding. I bought some extra flash drives on sale day after thanksgiving to store ALL my photos on since my computer crashed and i thought i was going to loose them all. So now the flash drives need to be put in the fireproof box. Remember too that not all fireproof boxes are also waterproof! Mine will sustain fire, but not water damage.

[basurok]

I think my craft room is the most valuable room in my house..in more ways than one. :confused:

[scrappindianeh]

I have more than I realized when I started moving stuff from one room to the biggest room in the house. Hopefully i'll never have to worry about a disaster happening in my area.

[frou frou]

wow when I first started reading this it reminded me that my DH just asked me this a few weeks ago and he started adding it up and I stopped him, not because he would mind (after all he has toys too) but I was too freaked out about the idea of ever losing my favorite room, and all its contents
3 sewing machines alone are over 7,000.00 that means i easily have.. well lets just say many thousands of dollars in the craft room. yikes!!!