Tips for Insuring Your Rare Collectibles

Lots of people have stuff they consider treasures, but not many have collectibles that are actually worth a great sum of money. Collectibles come in all shapes and sizes, and depending on the age, condition, rarity, and history of the items you have in your collection, you might be sitting on a small fortune. Sadly, most homeowner’s insurance plans offer little to no coverage for collectibles, which is why collectors are encouraged to purchase specialized insurance policies to cover their collectible coins, stamps, or anything else worth value. Here are two tips to get you started if you are thinking about insuring your collection.

Know the Value of Your Collection

The first step is to know how much your collection is worth. Not all collectibles appreciate in value, so the collectible stamps or coins you have might not be worth as much as you think and therefore not worth the cost to insure. Knowing the value of your collection will also help you if and when the time comes to sell, since you’ll know what’s reasonable for your lot.

Get Multiple Insurance Quotes

Buying collectibles insurance is no different than buying any other type of insurance. Different insurance providers will charge different rates for different levels of coverage. To make sure you purchase the right policy, shop around and get multiple quotes from collectibles insurance providers. Your local coin seller or collectible stamp retailer may be able to offer recommendations on collectible insurance providers.

Coins of the Realm offers the most trusted collectibles appraisals in Rockville, MD. Our experts can appraise rare coins, collectible stamps, historic paper money, and other items that you might wish to insure. We also sell a wide range of collectibles so you can add to your collection, and if you’re looking to turn a profit on your collection we also buy coins, stamps, bullion, and other items. To learn more about our appraisal services, including free verbal appraisals and formal appraisals, contact us online or call us at (301) 340-1640.

Categories: Collections

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Why Choose Coins of the Realm, Inc.?

  • Free storefront parking providing easy access.
  • Established in 1974 and still under original ownership and management providing decades of expertise in all aspects of buying and selling.
  • Financial Security – Since opening in April of 1974 every transaction of every size has been completed successfully without issue. Bank references available.
  • We provide accurate information in a professional no pressure environment allowing you to make sound decisions to sell, keep or buy collectibles and precious metals.