Why Do I Need A Collectibles Insurance? Is It Worth It?

Hey guys, this is Jason Newell with 303 Insurance Brokers. I wanted to share with you today’s insurance tip of the day is about Collectibles Insurance. I was talking with somebody recently, we were out having a cup of coffee, and I found out that they were in a musician.

They were a guitar aficionado, amateur, nothing professional or anything like that, and his collection of guitars is very extensive. He had 30 guitars, which is fantastic that he has that many guitars.

Are Your Valuable Collectibles Insured on Your Home Insurance?

My insurance brain started thinking about, man, are those guitars insured correctly on his current home insurance or renter’s policy? If you are a collector, whether it’s baseball cards, vinyl, jewelry, you want firearms.

How To Protect Your Collectibles or Valuable Items

If you are a collector and have valuable collections, Talk to your insurance agent and make sure you know how they’re going to be covered, then decide if you’d want to get Collectibles Insurance. Suppose your house burns down or if they get stolen. It’s important to understand how its home insurance coverage will play out in a different claim. 

Makes sure you are okay with that, and you understand that we want to take those valuable collectibles, and we want to ensure them that if something terrible happens, you are adequately protected. That’s our goal.

Document Your Collection

The one thing that we, insurance agents that we don’t know what you’re passionate about. We don’t know what your collections are. We don’t know those things.

So if you’ve got expensive jewelry, if you’ve got an extensive collection of firearms, baseball cards, artwork, any collectibles that you have, talk to your insurance agent about it, make sure we’re correctly protecting them. So in the event of a claim, we’re able to get you taken care of.

We’re able to make you whole again, and as your insurance agent, as your insurance company, if you have any questions about how to ensure collectibles, reach out to me, Jason, with 303 Insurance Brokers.