Collectors Insurance – Lehi, UT and All Of Utah

Collectors Insurance

Are you in possession of an Amazing Fantasy #15 comic book, the legendary first appearance of Stan Lee’s Spider-Man, safely preserved since your childhood? You may be well aware that this prized possession could be worth a fortune, but have you ever pondered what would happen if it were to be lost, stolen, or destroyed in a calamity befalling your home?

Throughout our lives, many of us acquire valuable items, whether through inheritance, as collectors, or for investment purposes. Perhaps you were bequeathed a valuable antique watch or received a costly engagement ring. It is common for individuals to assume that their standard home insurance policy will cover these cherished collectibles. However, it is vital to grasp that such policies usually have specific limits when it comes to covering these high-value possessions. Typically, the coverage limit hovers around $1500, but this figure can vary among insurance companies. Consequently, if you possess a watch valued at $10,000, you would be left with a substantial gap of $8,500 in coverage.

To bridge this gap and safeguard your valuable possessions adequately, it is crucial to engage in a discussion with your insurance agent about obtaining what is known as a “floater.” A floater is a specialized type of insurance policy that allows you to specifically insure individual items. An easy way to remember a floater is that it is designed for items that have the potential to “float away” or be easily carried away. By their very nature, these items possess an increased vulnerability to theft or damage.

We can insure collections including: 

• Jewelry Collections
• Firearm Collections
• Antique Collections
• Art Collections

Consider adding the following valuable items to a floater policy:

• Watches
• Rings, necklaces, and other jewelry
• Art
• Furs
• Historical documents
• Comic books

By procuring a floater policy, you can ensure that your treasured possessions receive comprehensive protection, covering their full worth. Don’t leave the fate of your valuable collectibles to chance; take the necessary steps to safeguard their future.