Collectibles Insurance

Replies to This Discussion

Permalink Reply by Tim Henderson on January 24, 2010 at 6:21pm

I wish someone would reply to this. I am in the process of getting mine insured right now and really have no idea of who to trust or any feedback regarding what is covered. Thanks

Permalink Reply by jtk on January 25, 2010 at 1:12pm

I recently tried to get homeowners insurance to add coverage to my collection. I have a relatively large collection, that my estimate is worth a decent amount of money. My insurance guy said that there isn't an easy way to get it covered because it's very hard to get an accurate value on the goods. We all know that the value of an autograph is only as much as someone is willing to pay. I haven't tried the individiual insurance companies, but would be willing to look into it.

Permalink Reply by Louis Becerra on February 19, 2010 at 10:48am

I agree that the real difficulty with regular homeowner's insurance is establishing a solid value for your collection that the insurance company will stand by. So, in general, anything I purchase of decent value (say $20 or $30 on up), I either save the reciepts on my e-mail (if paid through Paypal), or print out the proof of the sale and keep it in a folder in a safe place (incase of fire). You might also want to take photos of the big items in your collection, and also possibly put together a spreadsheet of your collection stating the individual items and also their estimated value. I looked into the Collectibles Insurance companies a few years ago, and I seem to recall that the process was fairly straight forward. They didn't ask for any lists of items, just for me to establish an estimated overall value of my collection, and they determined a premium based on that number. As long as the premium is paid, then the collection is covered. If anyone has any more recent experience with these types of companies, please share!

Permalink Reply by Dave Herring on February 23, 2011 at 7:22pm

I carry insurance through a company that specializes in Musical instruments, antiques, and other collectibles. I have an extensive collection and I provide the spreadsheet and values on my items. I specifically cover mostly guitars but I also have  seperate coverage for "memorabilia" which covers many of the rare items including autographed items in my collection, mostly musical or artist related.  The premium I pay is based on so many cents per $100 value of the total amount. The bigger the collection and value the better the rate you get. They also have a minimum amount that you can get. It's an Inland Marine policy, if interested check with an independant agent or pm me for more informaion. I am in the process of adding more to my policy so I'm about to research exctly what else they will cover, such as autographed albums, photos etc. If your collection has great value, it's worth the peace of mind.

Permalink Reply by DB on February 24, 2011 at 6:30am

http://live.autographmagazine.com/forum/topics/collectable-insurers is a link over in the town square on a few of the more speciality insurers for collectables.