January 28, 2010

Collection Insurance Info for UK Collectors

Collection insurance, some UK collectors assume, is optional either because of the steep price or the difficulty in getting them. The following might change their attitude toward getting insurance. Collection insurance coverage is surprising comprehensive. While it’s obvious that dolls, coins, and stamps are covered, non-mainstream pieces like writing instruments and sewing items are also covered. Insurance also covers theft, fire, flooding, natural disasters, and breakage. Only you determine how much your collection should be valued, which determines how much insurance you require. Still, it is advised that an updated inventory of items in the collection be kept, to help expedite claims in the event of a loss.

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