Collection Insurance Information for UK Collectors
Some collectors of fine arts assume that collection insurance for their art collection is either nonexistent or overpriced. The following might change their attitude toward acquiring insurance. The coverage can be surprisingly comprehensive, which is just what collectors need. While it’s common practice that dolls, coins, and stamps are covered, non-mainstream items like writing instruments and sewing items are also covered. Insurance also covers theft, fire, flooding, natural disasters, and breakage. General appraisals are not required; you determine the value of your collection and the amount of insurance you need. Also, maintain an up-to-date inventory of your collections to speed up processing in case of loss or damage.