Insurance for Collectibles

This insurance company offers specific all-risk coverage for collectibles designed to provide protection against accidental breakage, theft, fire, windstorm, flood, water damage, and earthquake.

The insurer states that individuals can purchase a full year of replacement value coverage—up to $10,000—for their collectibles at an economical cost. In addition, the insurer states that they provide agreed value coverage, which guarantees full replacement value in the event of total loss.

Features of the policy also include automatic coverage of additions to a collection for 30 days, an anti-inflation feature that automatically increases the value of any high-value item (over $2,000) in the collection by 2% per quarter, and a low deductible. In addition, insureds may insure more than one collection under the same policy.

A partial list of items insurable include: figurines, dolls, teddy bears, toys, model cars, miniatures, collector plates, ornaments, animation art, model railroads, and carousel animals. Coverage is not currently available for "paper" collectibles such as stamps, cards and documents, or for china/flatware, watches/jewelry, coins, firearms, furniture, or fine art.

The insurer states that an appraisal of collections is not required to obtain coverage. The collector may estimate the replacement value of a collection(s). However, the insurer states that they reserve the right to request an appraisal of a collection and require a description and photo of every item in a collection exceeding $2,000 in value.

American Collectors Insurance, 498 Kings Highway, Cherry Hill, NJ 08034.Tel: 800-360-2277. Fax: 856-779-7289.