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Mind-Blowing Reasons Why You Must Insure Your Collectables

Posted May 11th, 2020 in Media, General, Insurance Tips, Home Insurance, Did You Know?, In the News

If you enjoy collecting memorabilia and think your collectables are valuable, it’s essential you protect them! Get your collection appraised and speak with your insurance broker regarding updating your home insurance policy.

Mind-Blowing Reasons Why You Must Insure Your Collectables, Youngs Insurance, Ontario

Most home insurance policies limit or do not include coverage for special memorabilia or collectables so, in order to protect your financial investment, you must have them properly insured. 

Memorabilia & collectable examples

Remember, if you have any of these examples you may need to insure them on your home insurance policy. Speak with your insurance broker to discuss and inventory your home to ensure your valuables are protected.

  • Art
  • Board Games
  • Books
  • Coins
  • Dolls and action figures (eg. Cabbage Patch or GI Joe)
  • Legos
  • Medals and badges
  • Movie collectables
  • Movie posters
  • Music memorabilia
  • Sports memorabilia
  • Trading cards
  • Video game collectables
  • Vintage furniture
  • Vintage jewellery
  • Vintage toys (eg. My Little Pony, Teddy Ruxpin)

What are the first steps to protecting your memorabilia/collectables?

It’s important to remember that it’s just as necessary to insure your collectables as it is to insure your home and other belongings. If you’d like a no-obligation insurance quote or have any questions regarding your insurance coverage, please contact us today!

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