How Much Does Insurance on Collectibles Cost?

How Much Does Insurance on Collectibles Cost?


   Even for the best coverage on collectibles, the yearly premium on most collectibles are less than 1% of the value being insured. The best company I have found as far as insuring collectibles is American Collectors Insurance (ACI). ACI offers coverages not available with collectibles insured under homeowners policies. For the best coverages with ACI, the premium for most collectibles is right around 0.75% of the value.
   As examples, if I own a baseball card collection that is worth 10 thousand dollars, the premium to insure the collection would be around $75 per year. If I own a china set that is worth 100 thousand dollars, the premium to insure the collection would be around $750 per year.


Putting collectibles as scheduled property on a homeowners policy is lousy coverage!

• Most homeowners policies are very limited as far as what they pay out in coverage.
• Most homeowners policies do not cover things that ACI will cover. That includes theft and  occasional use (for example: Using expensive China kitchenware on holidays).
• ACI covers accidental breakage. Most homeowners policies do not.
• ACI offers a zero deductible. Homeowners deductibles usually start at $500 (or higher).
• ACI covers earthquakes, floods and hurricanes. Homeowners policies do not.

    Having stand alone collectibles coverage with ACI offers far superior protection at a very low price. If you own collectible(s) that is very valuable, at less than 1% of the value, this coverage is very much worth looking into.
  If you live in Ohio, Michigan, Pennsylvania, Indiana, Virginia or West Virginia, I will be happy to run a quote for you. Simply click on the link below.
  
Get a Collectibles Insurance Quote with Lyles Insurance


Related Blog Articles:

​Video: Tips for Buying Insurance on Sports Memorabilia

​Video: Buyers Guide for Insurance on Figurines & Action Figures

Video: Right Way and Wrong Way to Insure Collectibles

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