| Everybody met someone who ever collected | | | | having sleepless nights worrying about its safety? |
| something. Most likely all those reading this will | | | | Luckily, an simple answer is at hand, with specialist |
| have started a collection of one sort or another in | | | | insurance policies now available just for these |
| their life time. Generally, after a certain period of | | | | kinds of collections. AIG and Allianz are but two of |
| time, these valued treasures have been put away | | | | many insurance companies that offer specialist |
| or just disposed of. | | | | policies for valuable collections. |
| For sure, there are those among us that have | | | | Being a devoted collector, it is most likely you will |
| never given up this sometimes strange habit and | | | | choose an 'all risk' policy which will insure your |
| have turned it into a lifelong hobby There is, | | | | valuables against everything from fire to nuclear |
| however, a certain type of collectors, who have | | | | attack to 'mysterious disappearance' Mysterious |
| taken this passion to a higher level and have | | | | disappearance cover is provided for in the |
| diversified their portfolios by investing in valuable | | | | Fireman's Fund policy. Most policies cover travel |
| coins or stamps. | | | | and transportation so you don't have to worry if |
| So, who needs a special cover? Think about this: | | | | you have to travel to the other side of the world |
| if you have standard homeowner insurance, it is | | | | to collect or deliver your newest additions. |
| probably good enough for your every day | | | | Since collections tend to increase in size and value |
| household requirements However, collections of | | | | over the years, insurance policy writers have |
| top value need to be approached differently. | | | | included this in their policies as a way of attracting |
| Collections of low value might be covered by your | | | | customers. You can simply phone your insurer to |
| existing policy, but successful claims to policy | | | | inform them that you have invested in another |
| providers have a high percentage of failure. The | | | | item and this would be added to your policy |
| majority of homeowner policies will normally cover | | | | immediatelly. You can even do this before you go |
| just the material cost and not its perceived value. | | | | to collect your new piece so that it is insured |
| It is relatively simple to claim for a damaged front | | | | before you even get your hands on it. |
| door or smashed window, but try claiming for a | | | | Nothing can replace sentimental value in collection |
| priceless Blue Mauritius stamp. | | | | built up over many years. |
| So, Mister Collector, what should you do if you | | | | Nevertheless, the pain can be lessened |
| have a stamp or coin collection that is worth | | | | somewhat, if you have adequate insurance cover |
| more than the house that it is kept in? Are you | | | | in place for the full value of the collection. |