If your collectibles were lost, damaged, or stolen, would your homeowners or renters insurance policy pay to repair or replace those collectibles? When asked this question, it’s not uncommon for a collector to respond “Well of course, that’s why I have insurance.” Unfortunately, that’s not always the case. Read more
While the value of an antique or collectible ultimately comes down to what someone is willing to pay for it, figuring out how much that should be isn’t as straightforward as people might imagine. Why? Because an antique or collectible has three different values: its auction value, its retail value, and its insurance value. Let’s break down the differences between the three. Read more
If your collectibles were lost, damaged, or stolen, would they be covered by insurance?
When asked this question, most people would emphatically respond, “Yes, of course it is.” Unfortunately, that’s not always the case. Most collectors wrongly assume that their collection is adequately or wholly covered under their homeowner’s insurance policy. Read more