Why Insurance for Collectible Items Should Not be Attached to a Homeowners Policy

If you have collectible item(s) of high value, it's very simple to add an endorsement to your homeowners policy that provides the extra coverage you need (or so you think). However, have you ever really took a good look at the coverage provided for your collectible items? You might be very surprised!
    Homeowner policies can vary greatly as far as what they cover and what they do not. But in general, the standard homeowners policy provides only limited protection as far as collectible items are concerned.
    To get the best coverage, it's best to go with a company that specializes in insurance for collectibles. American Collectors Insurance is the leader in the field of insuring collectibles. Let me show you a comparison of the two policies side by side so you can see the difference:

• The standard homeowners policy DOES NOT cover collectibles in the case of accidental breakage. American Collectors Insurance (ACI) covers it fully.
• The standard homeowners policy covers collectible items on an "Actual Cash Value" basis (market value prices which translates into what they currently sell for on EBAY). ACI insures all collectibles on an "Agreed Value" basis.
• The standard homeowners policy DOES NOT cover collectibles in the process of being packaged. ACI covers this fully as well.
• The standard homeowners policy does not cover for losses due to flood, earthquake or hurricane. The ACI policy does.
• ACI offers an option to select a zero deductible. With homeowners insurance, the deductible is $500 or more.
• ACI offers additional options such as coverage for loss during occasional use (for example: during a holiday dinner, you accidentally break an expensive piece of china). Try filing that claim under a homeowners policy.... No way!
• With ACI, no appraisal is required. For most collectible items, an appraisal is required with a homeowners policy.

    There's no sense in paying for "partial" insurance coverage. American Collectibles Insurance is surprisingly affordable with much better coverage. The main difference? ACI have underwriters and claims reps who specialize in collectibles (not homes or automobiles). Not only do you get better coverage, but you also get better service.
   To see which items ACI covers, click on the collectible items insurance page.
 If you live in Ohio, Indiana, Michigan, Pennsylvania, Virginia or West Virginia, and would like to get a quote with American Collectors Insurance, my agency can provide you with a fast and easy online quote. I handle all quotes personally and privately.


Get a Collectibles Insurance Quote with Lyles Insurance


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

Video: Right Way and Wrong Way to Insure your Collectibles

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