Top 5 Collectibles Insurance
Top 5 Collectibles Insurance

Top 5 Collectibles Insurance

Protecting Your Treasures: Collectibles Insurance Safeguards Your Valuable Collections, Collectibles insurance provides essential coverage to shield your prized collection from unforeseen mishaps such as accidental breakage, theft, flooding, and other types of losses. These collections can encompass a wide array of high-value items, including artwork, Persian rugs, model trains, coins, and various other cherished possessions.

Some collectibles can hold values surpassing that of the home they are housed in, necessitating separate policies with scheduled assets to ensure complete reimbursement for their full worth. Notably, in 2020, the rapper Logic acquired a rare Pokémon card for an astounding $183,812. Similarly, back in 2014, a 1938 copy of Action Comics #1 comic book fetched a staggering $3.2 million on eBay. While most collectibles can be insured for approximately 1% to 2% of their value per year, it’s essential to recognize that even collections of lesser value can still greatly benefit from insurance coverage.

Our research involved an in-depth examination of 16 insurance companies, leading us to handpick these seven best collectibles insurance providers. Our winners stood out due to their impressive backgrounds, third-party ratings, and comprehensive insurance offerings. Furthermore, we considered the convenience of combining policies, a streamlined application process, and top-notch customer support as significant factors in our evaluation. These characteristics helped us identify trustworthy, competent, and convenient insurers to confidently recommend to you for safeguarding your cherished collectibles.

The Best Collectibles Insurance of 2023

American Collectors Insurance

American Collectors Insurance (ACI) takes the top spot as our overall best choice for collectibles insurance, owing to its founding by passionate collectors and policy features that go beyond industry standards. ACI’s dedication to meeting collectors’ unique needs is evident through its Inflation Guard Protection, agreed value coverage, and special policy enhancements.

– ACI was founded by collectors, making it a company that truly understands and caters to the needs of fellow collectors.
– The company offers broad coverage, ensuring various types of specialty items can be insured to meet collectors’ diverse interests.
– ACI’s Inflation Guard Protection provides valuable coverage by adjusting the Agreed Value of collectibles in the event of a total loss, up to 8%.
– The policy automatically covers new additions to the collection up to $2,000 with a 30-day notice, providing convenience for expanding collections.

– ACI does not cover furniture, fine art, or jewelry, limiting its scope to the collectibles market only.
– The company specializes solely in collectibles insurance, without offering complimentary coverage for other areas, such as homeowners’ insurance.

ACI stands out with its Agreed Value policies, a rarity in the industry, ensuring collections are insured for their full collector value up to policy limits. The standard policy coverage includes theft, fires, floods, and natural disasters. Moreover, ACI provides the convenience of automatic coverage for new additions to the collection, making the insurance process seamless and efficient.

The company’s approach to handling claims is commendable, as they prioritize quick and efficient claim resolution by phone, often forgoing the need for an appraisal if Agreed Value Coverage is already in place.

ACI offers a straightforward process for obtaining a free quote through a simple form on their website. Once a quote is obtained, policyholders can apply for insurance online, and an ACI agent will promptly follow up for additional information or to issue approval.

ACI’s customer service team is readily accessible via email, phone, or live chat during weekdays and Saturdays, offering responsive and helpful assistance. Clients can also submit claims online, enhancing the overall customer experience with convenience and efficiency.

BHI Insurance Associates

BHI Insurance Associates stands out as our top choice for insuring your antiques due to its comprehensive antique insurance policies and excellent customer support. With 48 insurance carriers backing them, BHI’s brokers diligently search for detailed policies that align with your specific needs and also assist you with filing claims when necessary.

– BHI offers specialized antique insurance coverage, ensuring your valuable antiques are adequately protected.
– The company provides fast and efficient email support, responding to inquiries within 24 hours, ensuring a prompt and helpful customer experience.
– With 48 carriers to choose from, BHI can find the best cost and terms for your antique insurance, offering a wide range of options.
– BHI assists you with your claims, streamlining the process and providing valuable support when you need it.
– Besides antique insurance, BHI also offers other insurance products, making it a versatile option for various insurance needs.

– As an independent broker, BHI does not have a financial strength rating. However, they represent reputable companies like The Hartford, which holds an A+ rating from AM Best.
– While BHI offers various insurance products, it may not solely focus on collectibles, as they cater to a broader range of insurance needs.

BHI Antiques Insurance serves as a reliable and independent insurance broker, allowing them to customize policies that adequately cover your antiques and collectibles. The company’s emphasis on detailed inventory and appraised values ensures comprehensive coverage for homeowners’ valuable items.

BHI aims to keep your insurance costs reasonable by exploring rider options on existing policies before considering a separate collectibles insurance policy. This approach, along with their ability to cover your collection’s appraised value, makes BHI one of the safest and most comprehensive insurance choices.

Established in 1974, BHI Insurance has a long-standing history in providing a wide range of personal and commercial insurance types. Besides antiques insurance, customers can access other personal insurance products such as flood, auto, homeowner’s, renter’s, boat and yacht, motorcycle, motor home, jewelry, and umbrella insurance. BHI also offers a suite of commercial insurance products.

To get insurance for your antiques, BHI will request appraisals and a detailed list of your items along with their photos and appraised value. Their consultants will then guide you through the pros and cons of different insurance options, ensuring you make an informed decision.

BHI’s strong emphasis on customer support reflects its commitment to ensuring a positive customer experience. Their accessibility via phone, fax, or online contact form, and the quick responses within 24 hours, further solidify their dedication to serving their clients effectively.

Arroyo Insurance Services

Arroyo Insurance is a reputable choice for insuring your Persian rugs, offering unique policy features and comprehensive coverage for various collectible items. With a strong focus on current market value protection, Arroyo Insurance ensures your prized possessions are adequately covered, even when on loan to others or insuring someone else’s collectibles.

– Arroyo Insurance provides insurance coverage for a wide range of collectible items, including Persian rugs, offering comprehensive options to suit various needs.
– The company offers a diverse selection of insurance offerings, encompassing personal, business, employee benefits, and life insurance, providing a one-stop solution for different insurance needs.
– Arroyo Insurance is backed by reliable insurance carriers with A-rated AM Best companies, instilling confidence in their financial stability and ability to meet policy commitments.
– The policy features allow for insurance coverage up to the current market value, ensuring that your valuable Persian rugs are adequately protected.
– Arroyo Insurance offers the unique advantage of insuring your own collectibles while on loan to someone else or insuring someone else’s property, providing added flexibility and coverage options.

– The claims process may involve providing substantial documentation, including proof of ownership, bill of sale, appraisal, replacement estimate, and photographs, which may require careful preparation when filing a claim.
– Arroyo Insurance does not offer an online quote tool, requiring customers to work with an agent to obtain personalized insurance quotes.

Arroyo Insurance Services, established in 1986 in California with roots dating back to 1950, has a long-standing history in the insurance industry. They boast a curated selection of 30 A-rated AM Best companies, contributing to their ability to handle more than $180 million in premiums annually.

When it comes to insuring Persian rugs, standard home insurance may have a dollar limit on the coverage amount. If your Persian rug’s value surpasses this limit, it’s essential to purchase a separate policy to ensure full coverage. With Arroyo’s partnership with reputable carriers like Zurich and Travelers, customers can expect an annual premium that typically amounts to 2% of their Persian rug’s value.

Arroyo Insurance Services places high value on customer service, providing 24/7 assistance and access to internet accounts, ensuring easy and convenient communication and support. Clients can also rely on their call center support for any inquiries or assistance they may require.


Progressive Insurance offers comprehensive protection for artwork owners, safeguarding valuable items against theft, damage, loss, and disappearance. Customers have the option to add artwork to an existing home insurance policy or choose a separate policy for more expensive pieces, both of which come with the benefit of bundled savings when combined with other Progressive policies.

– Progressive allows artwork pieces to be added to an existing home insurance policy, offering convenient coverage options for various collections.
– The company provides protection against a variety of events, ensuring artwork owners have comprehensive coverage for their valuable possessions.
– With an AM Best rating of A+ (Superior), Progressive demonstrates strong financial stability and reliability as an insurance provider.

– High-valued art pieces may not fit within Progressive’s homeowner’s coverage, necessitating a separate policy for more appropriate coverage.
– Progressive does not have a clear policy on when they require an appraisal, handling it on a case-by-case basis, which may introduce uncertainty for customers.

Founded in 1937, Progressive aims to become the top choice for consumers and agents. With its A+ (Superior) AM Best rating, the company has established itself as a reliable and reputable insurance provider.

Progressive offers an array of insurance types, including vehicle insurance, property insurance, personal insurance, business insurance, and finance-related coverage. Customers can also take advantage of bundled policies to combine different insurance types under a single policy for added convenience and potential cost savings.

When insuring artwork through Progressive, customers have the flexibility to add a rider to their existing home policy or opt for a separate, specialized policy based on the value of their collection and the limits of their homeowner’s policy. The cost of insuring artwork typically ranges from 1.5% to 2% of the individual piece’s value. While exact pricing can be obtained by contacting Progressive, scheduling artwork on an existing homeowner’s policy may result in roughly 50% savings on the annual premium.

Progressive generally does not require an appraisal for all artwork pieces, although there is no disclosed cutoff. They conduct a thorough review of the collection and may request an appraisal based on the value of the artwork and the homeowner’s policy. Customers can reach Progressive through various channels, including phone, email, and live chat, ensuring accessible and responsive customer support.

Collectibles Insurance Services

Collectibles Insurance Services (CIS) stands out as the best company to protect your sports memorabilia, offering the most comprehensive loss coverage, including protection during travel, storage, and exhibitions. Founded by collectors in 1966, CIS understands the value and stories behind your collectibles, making them a trusted choice for sports memorabilia insurance.

– CIS was founded by collectors, ensuring they have an in-depth understanding of the unique needs of collectors when it comes to insurance coverage.
– The company provides the most comprehensive loss coverage, offering protection for sports memorabilia in various scenarios, including during travel, in storage facilities, or on display at exhibitions.
– For items under $25,000, CIS does not require an appraisal, simplifying the insurance process for smaller collectibles.
– CIS offers collector policy deductibles as low as $0, making it more accessible for collectors to get the coverage they need.
– The company provides inflation coverage, ensuring that the value of your sports memorabilia keeps pace with market changes.

– Items must be reported and scheduled within 30 to 90 days of acquisition, requiring timely action to ensure proper coverage.
– Policyholders are responsible for maintaining their own inventory, which must be provided during the claim process.

CIS’s sports memorabilia insurance policies boast expansive coverage, protecting against accidental breakage, burglary, fire, flood (excluding zones A & V), loss in the mail, natural disasters, theft, and other causes not specifically excluded from the policy. Policies are backed by an AM Best rating of A (Excellent) in all 50 states, reaffirming their reliability and financial stability.

While sports memorabilia insurance needs to be purchased individually, not as an addition to another policy, CIS offers flexible options for coverage, including not requiring a schedule or appraisal for most sports memorabilia. For items or sets valued over $25,000, scheduling is necessary. Additionally, they provide the option to insure collectibles kept in public storage facilities.

Deductibles for collector policies start at $0, making the coverage more accessible and cost-effective. Users can obtain coverage for the market value of their sports memorabilia and collection, providing protection for any losses over $50.

CIS provides accessible customer support through their service center, where customers can ask questions, file claims over the phone, or reach out via email. Their Contact Us page allows customers to request quotes and additional information conveniently.

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