Spotlight on Asset Protection for Collectors

As collections play a greater role in the asset base of wealthy households, it becomes increasingly important for families and their wealth advisors to understand the risks involved with this unique type of investment. Beyond market risk, collections are subject to title risk and an array of physical risks that cannot only greatly diminish their value, but break the owner’s heart. Yet many collectors remain unprepared. ACE’s research found that a significant portion of collectors have not insured all of their collections with a valuables policy. Additionally, to protect their homes and collections, many reported using policies from mass- market carriers, which often do not include coverage that allows for some fluctuation in the market value of precious items. Moreover, compared to companies that specialize in insuring the wealthy, these carriers are less geared to suggest steps and service providers that help prevent damage, theft or improper title.

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Swingle, Collins & Associates specializes in collectors insurance coverage for affluent families. 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 insurance coverage needs please contact your dedicated risk manager to discuss the benefits and services of collectors 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.