COLLECTIBLES INSURANCE

Homeprotect does not provide standalone collectibles insurance. Rather collectibles can typically be covered under home contents insurance – both inside and away from the home. Read more about our contents insurance. 

What you need to know about collector insurance

It’s really important that you get your items valued before taking out a policy so you can avoid being underinsured. A professional appraiser can determine the value of your collection. This, in turn, will allow your insurer to underwrite your collection accurately.

As the value of a collection can change over time – as you add to it, and as market prices vary – you should also get it re-appraised every 1-2 years. If your collection increases in value but you don’t update your cover level then you could be underinsured, leaving you out of pocket if you need to claim.

Homeprotect insurance for collectibles can cover a broad range of risks and mishaps including theft, fire, smoke, and accidental damage. And there’s no need to arrange separate insurance protection for your collection because it can be incorporated in your home contents policy. Read more about our contents insurance. 

covering collectibles as part of your contents

Under a Homeprotect contents insurance policy, you are covered up to a maximum of £5,000 or 20% of the contents sum insured, whichever is lower, for high risk items worth less than £1,500 or as part of a collection.

If your collection contains any high risk items, you need to specify on your policy that the collection as a whole is worth more than £1,500. High risk collections include watch collections, coin collections, medal collections, and stamp collections as well as collections of gold, silver and other precious metals, or guns.

Collections of antiques, glass, china or porcelain (including porcelain dolls), comics, sporting, TV, film or music memorabilia, vinyl records or CDs, or other items that we don’t classify as high risk, don’t need to be specified on your policy, even if they are valuable, but it’s still important to have an up-to-date estimate of what your collection is worth so that you can include its value in your general household content sum insured.

What’s covered by contents insurance?

Having contents insurance means you won’t be out of pocket if you need to repair or replace your belongings after they’ve been stolen, damaged or destroyed.

What we offer

What isn’t included?

Contents Insurance Cover Levels

Our contents insurance is designed to protect your belongings against insured events such as fire, storm, flood, escape of water, theft, malicious damage, subsidence, landslip or heave.