Insurance for Collectibles: Are Your Unique Items Covered?
Home insurance covers most belongings, but these require even more.
They may seem priceless, but all of your collectibles have a price. Whether it’s a classic car, a stamp collection, golf clubs or a vintage instrument, each prized possession has a dollar amount attached to it.
But did you know that your home or auto insurance may not fully cover their value in a loss? Keep on collecting—but make sure you have insurance for collectibles included in your policy:
Sure, your collectibles may not be worth millions—but they’re still valuable enough to be insured. Speak with your insurance agent to determine if your policy covers your valuables in case of theft or damages. These items may include:
- Sports equipment
- Classic cars
- Sports memorabilia
- Camera equipment
- Postage stamps
- Old coins
… just to name a few. When insuring your collectibles, don’t forget to take a photo or video inventory, along with keeping a receipt of all recent appraisals, to verify your collectibles’ value.