{"id":14636,"date":"2023-12-25T00:00:15","date_gmt":"2023-12-25T08:00:15","guid":{"rendered":"https:\/\/www.storagecafe.com\/blog\/?p=14636"},"modified":"2024-10-03T10:26:06","modified_gmt":"2024-10-03T17:26:06","slug":"best-insurance-companies-for-collectibles","status":"publish","type":"post","link":"https:\/\/www.storagecafe.com\/blog\/best-insurance-companies-for-collectibles\/","title":{"rendered":"10 Of The Best Insurance Companies For Collectibles"},"content":{"rendered":"<p>Owning collectibles can be an exhilarating journey \u2014 from the moment you discover your passion to every step you take to grow your collection. With every new item added, whether it\u2019s comics, coins, fine art, jewelry, <a href=\"https:\/\/www.storagecafe.com\/blog\/barbie-storage-tips\/\" target=\"_blank\" rel=\"noopener\">Barbie dolls<\/a> or some other type of collectible, there\u2019s a lot to consider, from <a href=\"https:\/\/www.storagecafe.com\/blog\/a-guide-to-storing-collectibles\/\" target=\"_blank\" rel=\"noopener\">organizing and storing your collection<\/a> to insurance. While your homeowner\u2019s insurance does offer some coverage, it often is insufficient for valuable collector\u2019s items. That\u2019s why it\u2019s important to consider dedicated collectible insurance. To help you find the best option for your needs, we\u2019ve put together a list of some of the best companies offering collectible insurance below:<\/p>\n<h2><span class=\"ez-toc-section\" id=\"1-American-Collectors-Insurance\"><\/span>1. American Collectors Insurance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a href=\"https:\/\/americancollectors.com\/insurance\/collectibles\/\" target=\"_blank\" rel=\"noopener\">American Collectors Insurance<\/a> is an insurance company created by collectors for collectors in 1976. Through their standard policies, you can get coverage for theft, fires, natural disasters and floods. Consider the Agreed Value Coverage, which covers your collection at full value once it is assessed by their insurance specialists. They also offer the Inflation Guard Protection, a policy that adjusts the agreed value of your collectible up to 6% in case of total loss of your collection.<\/p>\n<p>If you\u2019re in the process of growing your collection, the Automatic Coverage of New Additions feature ensures that new purchases are covered up to $2,000 with a 30-day notice on the part of the collector. With Collector\u2019s Choice, items being shipped, stored away from your home or those used only on special occasions also receive the protection they need. Through the Special Policy Enhancements, you get special coverage for collectibles in use.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"2-Chubb\"><\/span>2. Chubb<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Established in 1882, <a href=\"https:\/\/www.chubb.com\/us-en\/individuals-families\/products\/valuables\/your-collections.html\" target=\"_blank\" rel=\"noopener\">Chubb<\/a> is one of the largest publicly traded insurance companies and also one of the oldest in existence. It\u2019s currently offering its services in all 50 states and in over 54 countries. If you have individual jewelry pieces valued at $100K or more, fine art items valued at $250K or collectibles valued at $50K or more, the company requires appraisals. For other kinds of items, you\u2019ll need to provide them a detailed description and an estimated value of the item to be insured. Chubb also offers insurance for your home, vehicles, liability insurance and insurance against natural disasters and for customized items.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-14638\" src=\"https:\/\/www.storagecafe.com\/blog\/wp-content\/uploads\/sites\/44\/2023\/12\/Jewelry-box-with-white-gold-and-silver-rings-earrings-and-pendants-with-pearls.jpg?w=770\" alt=\"Jewelry box with white gold and silver rings, earrings and pendants with pearls\" width=\"770\" height=\"515\" srcset=\"https:\/\/www.storagecafe.com\/blog\/wp-content\/uploads\/sites\/44\/2023\/12\/Jewelry-box-with-white-gold-and-silver-rings-earrings-and-pendants-with-pearls.jpg 770w, https:\/\/www.storagecafe.com\/blog\/wp-content\/uploads\/sites\/44\/2023\/12\/Jewelry-box-with-white-gold-and-silver-rings-earrings-and-pendants-with-pearls.jpg?resize=300,201 300w, https:\/\/www.storagecafe.com\/blog\/wp-content\/uploads\/sites\/44\/2023\/12\/Jewelry-box-with-white-gold-and-silver-rings-earrings-and-pendants-with-pearls.jpg?resize=768,514 768w\" sizes=\"auto, (max-width: 770px) 100vw, 770px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"3-Collectibles-Insurance-Services\"><\/span>3. Collectibles Insurance Services<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a href=\"https:\/\/collectinsure.com\/sports\" target=\"_blank\" rel=\"noopener\">Collectibles Insurance Services<\/a> is the perfect insurance company if your collectibles include sports memorabilia. The company was founded in 1966 and enjoys an AM Best rating of A nationwide. Insurance for sports items works on an individual basis. The policy offers coverage in case of burglary, accidental breakage, fire, natural disasters, theft and flood (except in zones A and V). The company doesn\u2019t require appraisal for sports collectibles except for items valued at over $25K. They also offer coverage for memorabilia kept in a <a href=\"https:\/\/www.storagecafe.com\/\" target=\"_blank\" rel=\"noopener\">storage unit<\/a> \u2014 preferably in a <a href=\"https:\/\/www.storagecafe.com\/climate-controlled-storage\/\" target=\"_blank\" rel=\"noopener\">climate-controlled unit<\/a>, best suited to help keep them in good condition. Deductibles for collector\u2019s policies start at $0. Moreover, collectors can be reimbursed for their losses exceeding $50.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"4-Progressive\"><\/span>4. Progressive<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Founded in 1937, <a href=\"https:\/\/www.progressive.com\/answers\/art-collectibles-insurance\/\" target=\"_blank\" rel=\"noopener\">Progressive<\/a> offers various insurance policies and, in recognition of their services, they hold an AM Best rating of A+. Under the umbrella of homeowner\u2019s insurance, you can have some artwork pieces covered as well. However, if you need to insure more expensive artwork items, you might need a separate policy. Rates are generally 1.5% or 2% of each piece you\u2019re insuring. Make sure to contact them to get a precise cost. Progressive doesn\u2019t typically require an appraisal of all art pieces, but they do review your collection and might require an appraisal based on the value of your collection and home. Progressive also offers auto, finance, property, personal and business insurance.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"5-USAA\"><\/span>5. USAA<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a href=\"https:\/\/www.usaa.com\/inet\/wc\/insurance_collectibles\" target=\"_blank\" rel=\"noopener\">USAA<\/a> can also help you get coverage for various collections including military memorabilia, vintage dolls, action figures and bears, model trains, wine, Christmas collectibles, stamps and coins, fine crystal, figurines, sports memorabilia, movies, animation and advertising memorabilia. Turn to USAA for coverage of your collectibles when your homeowner\u2019s insurance might not offer protection for them. The Agreed-Value Coverage offers coverage for an item\u2019s full insured value without depreciation. The Broad Protection features protection in case of accidental breakage, theft, fire, flood, hurricane, earthquake and more. With the Inflation Guard, you get increases for items worth more than $2,000 by 2% quarterly. Under Automatic Coverage, you can add newly acquired items up to $2,000 and you get coverage for 30 days.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-14639\" src=\"https:\/\/www.storagecafe.com\/blog\/wp-content\/uploads\/sites\/44\/2023\/12\/Old-postage-stamps-from-various-countries-on-wooden-table.jpg?w=770\" alt=\"Old postage stamps from various countries on wooden table\" width=\"770\" height=\"515\" srcset=\"https:\/\/www.storagecafe.com\/blog\/wp-content\/uploads\/sites\/44\/2023\/12\/Old-postage-stamps-from-various-countries-on-wooden-table.jpg 770w, https:\/\/www.storagecafe.com\/blog\/wp-content\/uploads\/sites\/44\/2023\/12\/Old-postage-stamps-from-various-countries-on-wooden-table.jpg?resize=300,201 300w, https:\/\/www.storagecafe.com\/blog\/wp-content\/uploads\/sites\/44\/2023\/12\/Old-postage-stamps-from-various-countries-on-wooden-table.jpg?resize=768,514 768w\" sizes=\"auto, (max-width: 770px) 100vw, 770px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"6-BHI-Insurance-Associates\"><\/span>6. BHI Insurance Associates<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a href=\"https:\/\/www.bhi-insurance.net\/\" target=\"_blank\" rel=\"noopener\">BHI Insurance Associates<\/a> works as an insurance brokerage company, with 48 insurance carriers that they collaborate with, The Hartford being one of them. The company\u2019s brokers search for the best policy to match your needs and will assist you in filing a claim. BHI can also assist you in appraising your collection, which they offer bundled with your homeowner\u2019s insurance. For a separate policy on your collectibles, the cost will hover at around 1% or 2% of the collection\u2019s value.<\/p>\n<p>Established in 1974, BHI Insurance Associates offers a variety of insurance policies, including auto, homeowner\u2019s, renter\u2019s, motorcycle, boat and yacht and jewelry. They also offer insurance for commercial products. They mainly operate in New Jersey and serve customers from other states as well, but they need to determine eligibility based on your collection size and value.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"7-Arroyo-Insurance-Services\"><\/span>7. Arroyo Insurance Services<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a href=\"https:\/\/www.arroyoins.com\/\" target=\"_blank\" rel=\"noopener\">Arroyo Insurance Services<\/a> has been in business since 1950 and offers a unique insurance service \u2014 they cover Persian rugs. Their policy allows you to keep your rugs insured even when they\u2019re on loan to someone. Why would you need a separate policy for your Persian rug? While homeowner\u2019s insurance can also cover your Persian rug, that won\u2019t be the case if the item is appraised above the homeowner\u2019s insurance policy limit. Arroyo partners with carriers such as Zurich and Travelers, leading to an annual premium of 2% of the Persian rug\u2019s value. When determining whether you can insure your Persian rug, you need to provide proof of ownership, bill of sale, appraisal, a replacement estimate and photographs.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"8-Berkley\"><\/span>8. Berkley<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a href=\"https:\/\/www.berkley.com\/business-insurance\/collectibles\" target=\"_blank\" rel=\"noopener\">Berkley<\/a> is a household name for collectible insurance, offering their expertise on caring for and protecting collections and more. Their collectibles insurance can cover many damages that personal, corporate collections and collections held in trust may lack coverage for. Berkley insures antiques, art, vehicles, coins, musical instruments, sports memorabilia, jewelry, stamps, vintage couture, wine and rare books. When it comes to collections owned by corporations or LLCs, Berkley can combine commercial business insurance with the fine arts and collectible policies. This translates to only one deductible in case of damage or loss incurred to your property and collectibles.<\/p>\n<p>Personal collectors can benefit from additional coverages such as damage caused while being restored, costs related to research and legal defense in the case of a challenge to a title, costs associated with testing whether artwork is authentic or not and art that\u2019s transiting between museums, exhibitions and homes, as well as collectibles in the care or custody of other people. The company also offers coverage to the tune of 200% of the scheduled value in case of loss to an item by an artist who recently passed away.<\/p>\n<p>Moreover, the company also offers risk management services to mitigate losses and can recommend art advisory specialists who can put you in contact with art professionals. The company conducts art reviews, offers packing and shipping tips, storage facility surveys and more.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-14640\" src=\"https:\/\/www.storagecafe.com\/blog\/wp-content\/uploads\/sites\/44\/2023\/12\/Retro-railway-station-model.jpg?w=770\" alt=\"Retro railway station model\" width=\"770\" height=\"515\" srcset=\"https:\/\/www.storagecafe.com\/blog\/wp-content\/uploads\/sites\/44\/2023\/12\/Retro-railway-station-model.jpg 770w, https:\/\/www.storagecafe.com\/blog\/wp-content\/uploads\/sites\/44\/2023\/12\/Retro-railway-station-model.jpg?resize=300,201 300w, https:\/\/www.storagecafe.com\/blog\/wp-content\/uploads\/sites\/44\/2023\/12\/Retro-railway-station-model.jpg?resize=768,514 768w\" sizes=\"auto, (max-width: 770px) 100vw, 770px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"9-WAX-Insurance-Services\"><\/span>9. WAX Insurance Services<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a href=\"https:\/\/www.wax.insure\/insurance\" target=\"_blank\" rel=\"noopener\">WAX Insurance Services<\/a> is an insurance company that offers coverage for your valuables in case of loss, theft or damage. The company offers coverage for over 20 types of collectibles, including art, watches, trading cards, sports memorabilia and other items through their dedicated policy. To determine the value of your collection, WAX Insurance Services will verify the value of your items through an internal asset valuation process to check whether they\u2019re in the right value range to be insured.<\/p>\n<p>You can get an insurance policy from WAX Insurance Services \u2014 underwritten by Chubb \u2014 that comes with coverage both at home and worldwide. Appraisals are needed for individual fine art items worth more than $250K, jewelry exceeding $100K in value and collectibles whose value is over $50K. You can get coverage of up to 90 days for newly acquired items.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"10-HWI-International\"><\/span>10. HWI International<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a href=\"https:\/\/hwinternational.com\/us\/industries\/fine-art-collectibles\/fine-art-collection-insurance\/collectible-items\/\" target=\"_blank\" rel=\"noopener\">HWI International<\/a> is another company that\u2019s been helping to keep collectibles safe for over 35 years. They work with reputable insurance companies to help you get the ideal coverage for your collection. Their policy covers memorabilia, books, medals, militaria, stamps, coins and toys. You might need a specialist policy for more in-depth coverage. Through their coverage, your collection is safe at home, in transit, in a security deposit box or even while on display.<\/p>\n<p>Now that you\u2019ve become more familiar with the world of insurance companies for your collectibles, all you have to do is find the right policy for your special items and rest easy knowing they\u2019re well protected.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Owning collectibles can be an exhilarating journey \u2014 from the moment you discover your passion to every step you take to grow your collection. With every new item added, whether it\u2019s comics, coins, fine art, jewelry, Barbie dolls or some other type of collectible, there\u2019s a lot to consider, from organizing and storing your collection to insurance. While your homeowner\u2019s insurance does offer some coverage, it often is insufficient for valuable collector\u2019s items. That\u2019s why it\u2019s important to consider dedicated collectible insurance. To help you find the best option for your needs, we\u2019ve put together a list of some of the best companies offering collectible insurance below:<\/p>\n","protected":false},"author":171,"featured_media":14637,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9],"tags":[],"class_list":["post-14636","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lifestyle"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>10 Of The Best Insurance Companies For Collectibles - StorageCafe Blog - Your Go-to Source for All Things Self Storage<\/title>\n<meta name=\"description\" content=\"Here are some of the best insurance companies for collectibles to keep your growing collection safe whether you keep it at home or elsewhere.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.storagecafe.com\/blog\/best-insurance-companies-for-collectibles\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"10 Of The Best Insurance Companies For Collectibles\" \/>\n<meta property=\"og:description\" content=\"Here are some of the best insurance companies for collectibles to keep your growing collection safe whether you keep it at home or elsewhere.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.storagecafe.com\/blog\/best-insurance-companies-for-collectibles\/\" \/>\n<meta property=\"og:site_name\" content=\"StorageCafe Blog - 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