Do you like the good stuff in life? Sure you do. We all like the good stuff. Some people take that to the next level and have gone beyond liking and ventured into buying. If you’re a collector of fine art, antiques, or rare items, you’re as unique as the stuff you collect. You’ll also probably have worked out that you need to insure these items. Mostly because they’re extremely pricey and aren’t as easily replaceable. The thing is, standard home and car insurance might not cut it.
Collectibles require specialised insurance to ensure they’re fully protected. If this world is new to you, or you haven’t thought about the insurance aspect of owning something fancy, then we can help.
Here’s what you need to know about insuring your prized possessions.
Why can’t you rely on the normal policies?
First, let’s say that you *might* be able to use our royal insurance. It all depends on the value of the item in question. You see, our home contents and portable possessions insurance policies are designed to cover your goodies, but there are limits. If the value falls within these limits, then it’s a yes from us. We may also require you to implement certain security measures so that the risk of theft or loss is lower, which works in your favour because anything that keeps your good stuff safer is a win.
Even so… If your beautiful painting is worth a lot more than what a normal policy would cover, then you’re going to need specialised insurance.
Click here to take a closer look our royal home contents and portable possessions insurance, where you’ll find out more about what to specify, what the limits are, and more.
Types of collectibles (and the insurance they need)
Cars: Our motto is that pricey wheels don’t have to = pricey premiums. That’s why you should get our collectible car insurance for those pretty cars that come with valuation certificates to cover theft, accidents, and damage. Click here to find out more.
Art: Fine art can appreciate over time, so it’s essential to have cover that reflects its current value. It’s a good idea to look for policies that cover damage, theft, and loss during transport.
Antiques: Surprise surprise, antiques need their own specialised cover that considers age and rarity. Just so you know, these insurers may ask for appraisals to figure out the correct value.
Coins and stamps: You might not know this, but these collectibles fluctuate in value, so the insurance you need should cover their full market value.
Sports memorabilia: Items like jerseys and signed balls can hold significant value (and not just in your heart), so check if your prized kit fits within your home contents policy limits.
So, how do you insure your collectibles?
Firstly, you need to get an appraisal from a qualified expert to determine the market value of your collectibles. You should also gather photographs and receipts. It’s likely that your insurer would need these docs, too. Once you’ve done this, it’s time to choose the right policy.
What you’re looking for is specialised insurance that’s tailored for collectors and gives you much broader cover and has higher limits. We’d also say that if you plan on growing your collection, you should make a point of reviewing your policy to make super sure that it remains adequate.
The king has your back (with insurance, advice, and special collectibles cover)
Look, we get it. When you love something, you must have it. We’re just saying that if you love it and own it, then you need to insure it. If you’re not sure whether you can get the king’s cover or need something else, then check in with us. Remember, with King Price, you’re not just getting insurance. You’re getting peace of mind, premiums you can afford, and the best service.
Click here or WhatsApp us on 0860 50 50 50 for a commitment-free insurance quote.
