Quick, guess what your stash is worth

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01-03-2015, 08:52 AM

#51

Poodles

Junior Member

Join Date: Apr 2010

Posts: 216

Quote:

Originally Posted by margecam52

my insurance is set up so that I have a blanket amount to cover everything...nothing to count. Now, if someone were to come in and just take my stash of fabric...I'd say 2 grand...since I've taken some to my shop. I don't think insurance will value at a high price (without the receipts), so, I used $10 a yard.

My insurance is only going to pay 1/2 of what the house is insured for. It is insured for 35,000 so my contents is 17,500.00. That wouldn't cover all the stuff I have in this house.

01-03-2015, 09:11 AM

#52

Kristi.G

Member

Join Date: Oct 2011

Location: Bellevue, WA

Posts: 73

Replacement value of my machines alone would be about $20,000 (new Dream Machine, Babylock Evolution, Pfaff Passport, and a new Singer S16). I guess I should think about a rider for those, along with my photographic gear. My stash, however, is not very large (yet).

01-03-2015, 04:14 PM

#53

qltnmom

Junior Member

Join Date: Aug 2010

Location: Massachusetts

Posts: 251

At $11.00, I would guess 1,000 - 2,000.

01-03-2015, 04:24 PM

#54

charsuewilson

Super Member

Join Date: Jan 2013

Location: Virginia

Posts: 1,203

You'd want replacement cost, so multiply each yard by $10. You can measure a stack or a stack in a tote, estimate the value of that, then measure the rest in terms of the size of the stack or tote that you estimated from, and just multiply. Lets say that one tote contains 35 fabrics. I know my fabrics are usually (or average) 1 yard, so that tote is $350. I have 10 more totes, plus stacks of fabric equal to 4 additional totes, so that's 15 x $350 = $5250, if I calculated correctly. Do the same type of thing for thread, embelishments, ....

01-03-2015, 04:32 PM

#55

cathyre

Senior Member

Join Date: Jul 2013

Posts: 343

Even if you don't include your stash you should have your machine listed on your policy , I have four Bernina's have all of them and serial numbers listed , my insurance couldn't believe someone could have four as a hobby .....$22000 worth now the stash would have to be $75,000 , and I love every cone of thread and metre of fabric but as I have worked for the past 53 years in retail and still do I don't feel guilty at all . Cathy

01-03-2015, 04:34 PM

#56

cathyvv

Super Member

Join Date: Sep 2010

Location: Myrtle Beach, SC

Posts: 8,095

That could easily be true of my stash, at least in terms of replacement $ value.

01-03-2015, 06:43 PM

#57

Caswews

Super Member

Join Date: Feb 2011

Location: Quilting, crocheting, sewing and crafting in my Sewing Room...Peaceful and wonderful !!

Posts: 5,317

I would have to say close to the $10K range including yarn, machines, tables, chairs. Its hard to make that kind of decision

01-03-2015, 07:00 PM

#58

Cogito

Super Member

Join Date: Feb 2013

Location: Iowa

Posts: 1,333

Quote:

Originally Posted by JenniePenny

There was a recent article that delved into the economics and demographics of today's quilters. Sorry I don't have the link to that article handy. If I remember correctly, it stated that the average quilter's stash was valued at between $5k and $8k for insurance purposes.

lol, mine would be at least 5x that! And you have me thinking. I just told my husband we need to meet with insurance man.

01-03-2015, 09:06 PM

#59

Ruby the Quilter

Super Member

Join Date: Dec 2010

Location: Far Far West Texas

Posts: 1,401

Definitely something to look into. I have several patterns with all the fabric and that really adds up. Will check my insurance tomorrow!

01-03-2015, 09:17 PM

#60

jfowles

Junior Member

Join Date: Jun 2010

Location: Utah

Posts: 227

I fibure thousnds by now inclding thread , patterns ,etc, Its crazy I know, but I keep thiking buying stuff, kits,etc wil motivate me, if I could get some of my monneys's worth out of it I would gladely do so