Collectibles Insurance and Protecting Your Treasured Assets
High-end collectibles such as jewelry, fine art, and wine have been gaining popularity as an investible asset since the 2008 financial crisis. These collectibles are being viewed as a store of value and a source of growth. There have been recent reports of record auction prices that help to fuel interests in these “treasured” assets, as they are sometimes referred to.
There are many risks associated with collecting jewelry and art beyond the trustworthiness of the seller or the provenance of the particular piece. Even the most experienced collectors may not know how to properly protect these luxury assets. Some may assume that the personal property section of their homeowner’s insurance policy will include collectibles insurance and protect these valuable collectibles in the event of a loss. In most cases this is just not true. Almost 40% of collectors lack a valuables policy adequate to cover all of their collections, according to the 2011 ACE Private Risk Services Survey on Passionate Investing by Wealthy Households.
Homeowners’ policies typically limit coverage for collectibles of significant value. Collectors need to purchase supplemental coverage for these items. Full coverage for specific items can be added to a homeowner’s policy by endorsement or a separate policy can be written as well. This type of collectibles insurance coverage is broader than personal property section of a homeowner’s policy.
Swingle Collins & Associates ensures that your cherished items are protected with the world’s most respected insurance coverages and companies. Some of the coverages for valuable articles include:
- Itemized Coverage
- 150% Replacement Cost
- Breakage Protection
- Coverage for “Mysterious Disappearance”
- Worldwide Coverage
- Hassle-free Appraisal Requirements
- Coverage for Pairs & Sets
- Cash Settlement
- Coverage for Newly Acquired Items
Swingle Collins & Associates has the resources and expertise to help you protect and preserve your investment in collectible and valuable items.
Swingle, Collins & Associates specializes in collectibles insurance coverage. The descriptions of coverages listed on this website are brief and subject to the provisions, limitations, and exclusions that can only be expressed in your policy and related endorsements. For additional information of how Swingle, Collins & Associates can assist in meeting your coverage needs for jewelry insurance, antiques insurance , or sports memorabilia insurance please contact your dedicated risk manager to discuss the benefits and services of collectibles insurance coverage.
The information contained on this page is provided for informational and educational purposes only. It contains general information on insurance issues and may not reflect the most current developments in insurance coverage and is unlikely to apply in all factual scenarios. The information does not include all the terms, coverages, exclusions, limitations or conditions that may be contained in the actual insurance contract language. The policies themselves must be read for those details. Sample policy forms will be made available upon reasonable request.