Collecting sports memorabilia is a passion that can lead to a very valuable collection, and protecting that collection is critical to your ability to enjoy it to the fullest. This is where obtaining a sports memorabilia insurance policy that’s tailored to your collection comes in. You’ve committed time, resources, and a love for the game to carefully accumulating and curating your collection so that you can enjoy the fruits of your labor. The fact that you don’t want to keep it locked up in a safe at all times, however, leaves your collection more vulnerable to loss, which is exactly why robust Sports Memorabilia Insurance is so critical.
Your collection likely began slowly, and you may have been able to insure your fledgling collection with a floater policy, but as your collection grows, your homeowner’s policy becomes increasingly inadequate. Sports memorabilia collections require exacting sports memorabilia collection insurance that addresses each specific collection’s specific requirements, and homeowner’s policies simply aren’t sophisticated or robust enough to provide adequate protections.
Your sports memorabilia collection consists of wide-ranging pieces that are all vulnerable to specific kinds of loss and to more general categories of loss. For example, a pristine baseball card has unique vulnerabilities regarding exposure to the elements that many other pieces in your collection might not. When it comes to your sports memorabilia, loss can come in many forms, including all of the following:
Of all the valuable kinds of collections, a sports memorabilia collection is a prime example of a collection that is meant to be shared – because of the pleasure it brings to so many. In fact, sharing your collection may be one of the motivating factors behind it. This also leaves your collection, however, more vulnerable to theft. Theft of valuable items like sports memorabilia is often a crime of convenience, and these stolen valuables are rarely recovered. Sports memorabilia collections bring serious joy, but they also require serious sports memorabilia insurance.
Sports memorabilia collections need robust coverage, and this involves obtaining a policy that addresses your unique collection’s specific requirements. The following checklist can help ensure that your sports memorabilia insurance works hard for you and your collection:
You collect sports memorabilia not only for your enjoyment but also for investment value. Protecting your investment is obviously critical, and all of the following precautions can help:
The most important step you can take in the protection of your valuable sports memorabilia collection is to cover it with a sports memorabilia insurance policy that is specifically tailored to your collection.
Sports memorabilia collections are unique collections – for the amount of joy they can bring to so many. At FACE, Insurance, we share your enthusiasm for sports memorabilia, and our dedicated sports memorabilia insurance brokers are committed to helping you carefully cover your collection in a manner that allows you to enjoy and share it with confidence. You’re passionate about your collection, and we’re passionate about helping you protect your investment in terms of both financial value and personal enjoyment. The time to boost your coverage is now, so please don’t wait to contact the insurance professionals at FACE today.
Your should contact the police as soon as possible. The quicker you act, the faster the authorities will be able to collect information regarding your stolen item. Your insurance agent should also be notified right after you have made contact with the police.
The most common way art is stolen is Burglary. It’s important that your installations have proper security in order to prevent these crimes from happening. Its also very important to make sure that the staff you higher to give your building maintenance has a clean record and has no criminal history.
Its responsibility of the insurance carrier to work with the FBI to recover the art that was stolen. It’s possible that you may be asked to work with the corresponding authority.
If your valuable art items are not insured, your efforts will have to be focused on working with the authorities to recover your stolen items. The odds of recovering your stolen items is very low.