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Protecting Your Collectibles

Published on Aug 5, 2014 | Last updated Mar 11, 2021 1 minute read

Protecting Your Collectibles

Collecting has become an increasingly popular hobby spanning all ages from young to old and across all walks of life.

The range of collections is unlimited – from retail items such as dolls, clocks and cameras to natural items including seashells, rocks and butterflies. The sky’s the limit when it comes to what you can collect. For example, the Guinness World Records highlights record breaking collections of everything from rubber ducks to Harry Potter memorabilia.

Insuring your collectibles

Does your insurance properly cover your collections? Most home insurance policies have limits restricting home contents coverage and collections are not always adequately covered under these policies. Many insurance providers offer specialized coverage (with either no deductible in a loss or a greatly reduced one) to protect collectibles to a replacement value. To be eligible for these policies, collections need to be appraised by a certified expert.

Keep an inventory

Life is full of the unexpected. You can’t predict when a fire, flooding, or theft will occur that may have a devastating impact on your collectibles. In these types of events, would you be able to remember every item in your prized collection?

To avoid this problem, take an inventory of your collectibles now and keep it in a safe place, such as a safety deposit box. Preparing a list and taking photos or a video of your collection ahead of time is always much easier than creating the list from memory later. If you need to file a home insurance claim in the future, you’ll have the information and details ready at your finger tips. We offer a step by step guide of the claims process on our personal lines claims page.

For starters, here’s a home inventory checklist of commonly found items in your home, some of which may be included in your collections.

Whether your passion is fine art, records, antiques, coins, jewellery, wine, vintage cars or other treasures, make sure your valuables are safeguarded with the right insurance coverage. Talk to your local BrokerLink broker today to get the best coverage to protect the things you love.