Collectibles Insurance Frequently Asked Questions
What features and benefits does your program offer?
MiniCo Collectibles Insurance offers:
- Coverage for collections up to $1,000,000 (higher limits available)
- $0 deductible (higher limits available)
- No appraisal required at application (except for jewelry items valued over $50,000)
- Easy online portal to quote and bind policies
- Competitive agent commissions
- No minimum production requirements
- A.M. Best “A” rated carrier
- Nationwide availability
What information do I need to have on hand to request a quote?
- Insured’s contact information
- Total value of all collections
- Schedule of individual items valued over $25,000
- Location(s) information including security
- Prior insurance and loss history
How do I submit my signed application?
Print and fax your signed application to MiniCo at 800-637-4981.
OR Scan/e-mail your signed application to firstname.lastname@example.org.
What company is the carrier for the collectibles program?
MiniCo Collectibles Insurance is offered in partnership with AXA XL Americas Corporation, the global leader in specialty art and collectibles insurance. AXA XL has been awarded an “A” rating by A.M. Best.
What types of collections does MiniCo cover?
Just about anything that can be collected can be covered under the MiniCo Collectibles Insurance program including fine art, sports memorabilia, wine, fur, silverware, rare books and manuscripts, rugs and tapestries, musical instruments, stamps, coins, firearms and many others.
Does MiniCo require separate policies for multiple collections?
No. Multiple collections may be covered under a single policy.
How is a collection valued?
The policyholder establishes the value of the collection. No appraisal is required at the time of application (except for jewelry items valued over $50,000). MiniCo Collectibles Insurance provides scheduled and/or unscheduled coverage up to $1,000,000 (higher limits available). Collections are insured for their full collectible value. Typical homeowner policies pay claims at actual cash value, which in most cases would be far less than the collectible value, or there may be a higher premium for replacement-cost coverage.
What are the location and security requirements for coverage eligibility?
Collections that are stored or displayed in the collector’s home, apartment, condominium or self-storage facility are eligible for coverage.
What types of losses are covered?
MiniCo Collectibles Insurance provides an all-risk policy to cover collectible items that are potentially vulnerable to losses. Some of the important collectible type causes of loss covered as part of our policy are listed below. Additional coverages are included for specific collectible classes. Please review your policy for more information on coverages, conditions and exclusions.
- Accidental breakage
- Water damage
- Mysterious disappearance
- Loss in transit
How do I file a claim?
Is direct billing available?
Direct billing and agency billing are available. Agents may indicate their billing preference when binding coverage in the online agent portal. When direct billing is selected, the policyholder will receive the policy and an invoice via e-mail with instructions to pay the premium directly to MiniCo by check or credit card. The agent also will receive copies of these documents, and commission will be remitted upon receipt of premium payment.