Collectible Insurance in Alexandria, VA, McLean, VA, and Throughout Virginia
Collectible Insurance Quote Forms
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Collectible Insurance Information
Collectibles are valuable items that are often expensive to repair or replace. The right collectibles or personal collections insurance policy can provide crucial financial assistance if your prized possessions are lost or stolen or damaged or destroyed by a covered event.
The experienced team at Kinneman Insurance is ready to help you get the insurance that best fits your needs. Contact us today to get started.
What Is Collectibles Insurance?
Collectibles insurance, or personal collections insurance, is a policy designed to ensure your cherished items are covered. It can provide financial assistance if your items are lost, damaged or destroyed by covered perils, such as the following:
- Mysterious disappearance
- Accidental damage
Standard homeowners or renters insurance may not provide sufficient financial protection for these collectibles, but this specialized insurance can help fill this gap. Collectibles insurance policies may also offer additional coverage features when compared to adding a scheduled personal property endorsement to your homeowners or renters policy. Consult with your agent for details.
How Do I Insure a Collection?
Multiple options are available to insure your collection, and your specific items may impact how you insure them. Ways to cover them under a collectibles insurance policy include the following:
- Blanket coverage—This may cover an entire collection under one total limit. It also typically has a per-item sublimit.
- Scheduled coverage—This may allow you to individually list items and their insurance value on the policy, and each item may then be insured separately up to that stated amount.
Market value protection coverage and automatic coverage for new items may also be available as part of a collectibles policy or as an endorsement.
- Market value coverage may provide coverage at an amount over the listed value if the market price increases before the loss.
- Automatic coverage for new items may insure new additions to a collection under the same policy for a set time and value as long as it is similar to those already itemized.
Other coverages may be available, and you may have to provide documentation (e.g., appraisals) demonstrating the value of your items. Work with your agent to find out more.
Which Does Collectibles Insurance Cover?
Collectibles are generally items that are worth more than their original purchase price. Examples of items that may be eligible for collectibles insurance include collections of the following:
- Fine art
- Antique furniture
- Vinyl records
- Model trains
- Comic Books
- Musical instruments
- Sports cards and sports memorabilia
Other items may qualify for coverage. Our agents can discuss your collection and provide information on available policies.
How Much Does Collectibles Insurance Cost?
The cost of collectibles insurance varies. The items you’re insuring, their value and your selected limits may all impact premiums. Contact our agents today for a quote.
Contact Us Today
Kinneman Insurance proudly provides service in Alexandria, McLean, Bethesda, and throughout Virginia, D.C. and Maryland. Our agents are ready to discuss your collectibles and help you secure the insurance that meets your needs. We can also provide more information on covered causes of loss, limits and exclusions. Contact us today for details or a quote.