The collectibles markets are full of passionate people. These aren’t people who have ‘pack rat fever’ and save items just to have them, but people who decide to enter a specific collectibles market because it is a rewarding and fun experience for them. And it seems people will collect just about anything including: teddy bears, coins, stamps, advertising memorabilia, books, comic books, sports memorabilia, vinyl records.…..why the list seems endless. But they all have one thing in common, a passion for their hobby and their specific collectible.
But what if something unforeseen happens, a fire or some other catastrophe? A unique insurance agency called Collectibles Insurance Services; LLC is here to offer peace of mind and, most importantly, insurance for their collectibles.
I spoke with Dan Walker and Debbie Spilman of Collectibles Insurance Services, LLC, about collecting and why it is important to have insurance on your treasured collectibles.
“Some may think that they’re homeowners insurance policy covers their collectibles, but in most cases your homeowners policy is designed to cover personal property and is not nearly enough to protect your treasured collectibles,” said Dan. “They may limit the collection to a percentage of the total value of your home, limit the amount that they will pay for theft of valuable items like silver, crystal, guns, stamps and paper documents or be based on actual cash value rather than the collectible or replacement value.”
Collectibles Insurance Services (www.collectinsure.com) differs from the average homeowners’ insurance policy, in that, insuring collectibles is all they do. The service can insure a collection of stamps, advertising memorabilia, sports cards, vinyl records, antique tools, vintage clothing, trains, toys, weapons (guns, knives swords), entertainment memorabilia and much more (see the website for a complete list and exclusions of what they insure).
“Normal homeowners policies don’t generally deal with collectibles, we write policies specifically for a person’s collectibles, whether it is a rare book collection, stamps, coins, sports cards, vinyl records and the many other collectibles that we deal with every day” explained Dan.
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Author Robert Benson writes about rock/pop music, vinyl record collecting and operates http://www.collectingvinylrecords.com, where you can pick up a copy of his ebook called
"The Fascinating Hobby Of Vinyl Record Collecting."
Contact Robert at robert@collectingvinylrecords.com
