Both collectors and independent agents will benefit from specialized insurance for collectibles.
Why Purchase a Separate Collectibles Insurance Policy?
Collectors need specialized coverage. In many cases, the full value of collections can only be covered by a collectibles insurance policy. These policies offer more complete coverage than traditional homeowner’s policies. The premiums are very competitive.
A Benefit To Your Clients
Offering collectibles insurance is a real benefit to your clients. Collectibles insurance coverage is up to $1 million. Collections are insured for full collectible value, and no appraisal is required at application. Plus, there is a $0 deductible.
A Benefit To Your Agency
There is a large demand for this kind of policy, and it’s likely that many of your existing customers would benefit from collectibles insurance. Commissions are competitive, and there are no minimum production requirements.
What Type Of Collections Are Covered?
Nearly any collection of value can be covered. More common examples include fine art, sports memorabilia, wine, furs, silverware, rare books, antiques, rare coins, rare stamps, musical Instruments, rugs and tapestries, action figures, collector plates, dolls, movie memorabilia, toys, comic books, figurines, glass, trading cards, automobile memorabilia, crystal, model trains, and more.
What types of losses are covered?
Collectibles insurance provides an all-risk policy to cover collectible items that are potentially vulnerable to losses. Some of the causes of loss covered include accidental breakage, fire, lightning, water damage, mysterious disappearance, loss in transit, and burglary. Additional coverages are included for specific collectible classes.