insurance for my collection

Discussion in 'Canada General' started by red-dwarf, Jul 19, 2010.

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  1. red-dwarf Jedi Grand Master

    Member Since:
    Sep 22, 2009
    star 1
    Hi,
    does anyone know any company that can insure my toy collection.
    I don't want to add it to my home insurance, as that would have to be an itemised list.
    A US company, 'collectinsure' don't operate up here.
    Can anyone help?
    Thanks
    Vinnykenobi
  2. CrazyMike JC Collecting Manager and RSA Canada

    Manager
    Member Since:
    Dec 4, 2000
    star 7
    Hi Vinny,

    Your home insurence should cover you for a part of your collection. You should check with them and see, however if your collection is more than 20K you will have to speak with
    Chubb Insurence and Lloyd's of London.

    Chubb Insurence and Lloyd's of London will insure collectables but be prepared to spend a lots of money. I was quoted around $2000 back in 2003 and my collection has doubled since then. They will also require appraisals every few years that will set you back a few hundred dollars depending on the size of your collection.

    They may also have a requirement that your assets be worth a minimum of 500K before they will insure you. Give them a call and let me know how it goes.

    Good luck :)

  3. red-dwarf Jedi Grand Master

    Member Since:
    Sep 22, 2009
    star 1
    Thanks Mike,
    My collection is small, and I am hoping to avoid appraisal fees as that immediately makes the process almost pointless due to costs.

    There is a US company that offers blanket policies without appraisal for lower cost items.

    The companies you speak of are probably not right for what I need as a smalll collector.
    I'll try my home insurer again and see what he will actually need so my stuff is protected.
    thaks for the feedback.
    Vinny
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