Are All Your Collectors Items Covered By Your Contents Insurance?

Your collection of modern antiques, signed books or perhaps your early edition games consoles, such as the Atari, could be worth hundreds of pounds. Are they though? And does your home insurance cover them? We take a look.

Have you got a collection of vintage ladybird books for example, perhaps passed to you by your parents or grandparents? Did you know that some of these can fetch 10+ each, even on eBay? What about the old Sinclair ZX81 in the loft or even an original Etch-A-Sketch? A good Sinclair ZX80 could sell for hundreds of pounds.

It is not only those items that have been put away for a rainy day that are increasing in value. More people are actively collecting – building a wine collection or even Kitchenalia items. The point is, is that these collections can be valuable and when combined with the value of the other home contents, they could push you over the limits of your insurance. You may be under-insured as a result.

So maybe now is the time to look more carefully at the contents of your home, including any specialist collections, to ensure that you are adequately insured.

Some of your collector items may also exceed the threshold for individual items in your standard home insurance policy. the total value of your home contents may also exceed that covered by your existing insurance so you might require specialist or high net worth insurance.

Using an insurance broker might be the best option as they bring their personal knowledge and experience, and, importantly, contacts, to bear to find the best deal for your more specialist needs. They will be able to speak directly to their contacts in the insurance companies and may well be able to negotiate reduced commission payments that reduce your premiums in order to win your business.

Not only will a broker negotiate as best a deal that they can with various insurance brokers, they will probably look at your overall insurance requirements and could create a package deal to cover all your insurance needs and could save you money in the process.

If high net worth insurance sounds like what you need then click here for insurance advice.