If you are an keen collector, your specialist collection could be worth hundreds, even thousands of pounds. Many collectors do not realise the value of their collections and may be under-insured as a result.
Many families pass on items such as childrens books from generation to generation without realising how valuable they can be today. The vintage Ladybird books, for example, are often sold on auction sites such as Ebay for 10 or more. It doesn’t take many of these to create a collection worth hundreds of pounds.
Rather as having a wine collection is becoming more popular, so too is collecting in general. Whether the accidental collector or the avid collector of all things from modern antiques, ‘kitchenalia’, to some mass produced items if kept long enough in good condition, your collections could be worth a small fortune.
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.
If your collection is quite valuable it’s quite possible that a standard home contents insurance policy will not be sufficient. In this case, it could be well worth looking at a specialist or high net worth home insurance policy.
Online insurance companies and price comparison sites work on standard scenarios from their customers and so specialist or high net worth insurance requirements fall outside their capabilities. I this case you will probably need to talk to an insurance broker.
Another advantage of using an insurance broker is that they could look at all your insurance requirements - car, travel, pet, health - and then negotiate a package deal that may be better than you could get from having separate policies for each aspect of insurance. A broker could actually save you money on your total insurance costs.
To arrange high net worth insurance click here for insurance advice.
Tags: contents insurance, high net worth insurance, home, home insurance, insurance