Protect Your Valuable Sports Memorabilia Insurance

Sports memorabilia insurance

Your collection is safeguarded by sports memorabilia insurance against unintentional damage, theft, flood, and other losses. High-value goods such as artwork, Persian rugs, model trains, and coins are just a few examples of collections.

A home’s collectibles may be worth more than the house itself, or at the very least, high enough value to need scheduling the objects as assets on a separate policy in order to receive full value reimbursement. Rapper Logic spent $183,812 on a rare Pok√©mon card in the year 2020.

A 1938 edition of Action Comics #1 sold for $3.2 million in 2014 on eBay. The majority of collectibles can be insured for between 1% and 2% of their value annually. However, your collection need not be valued in the millions to be worthwhile of sports memorabilia insurance.

Before deciding on these seven top sports memorabilia insurance providers, we looked at 16 different insurance providers. Winners stood out due to their history, independent reviews, and alternative insurance options. A faster application procedure, customer service, and convenience for combining policies were all important considerations. These qualities helped us develop a profile of a reliable, capable, and practical sports memorabilia insurance that we could suggest to you. will provide some of information for you in this post.

American Collectors Insurance

Sports memorabilia insurance
Sports memorabilia insurance

Our top ranking for sports memorabilia insurance goes to American Collectors Insurance, a business started by ardent collectors. With features like its Inflation Guard Protection, agreed value coverage, and unique policy additions, the company offers policy benefits that go above and beyond what is typical in the industry.
American Collectors Insurance (ACI), a company founded by collectors in 1976, offers Agreed Value insurance that cover a variety of speciality items in all 50 states, which is a unique offering in the market and one of the qualities that makes them our best overall.

Theft, fires, floods, and natural catastrophes are all covered by standard sports memorabilia insurance policies. Other noteworthy aspects of the policy include:

  • Insures your collection for the full collector value, up to the policy limits, so you are aware of the exact amount for which it is covered in the event of a loss.
  • The extra protection known as “Inflation Guard” raises the Agreed Value of your collectibles by up to 8% in the event that you completely lose your collection.
  • Automatic Coverage of New Additions: With your 30-day notice, it automatically covers new additions to your collection up to a maximum of $2,000 in value.
  • Protects objects that are being shipped, kept outside your home, or utilized on special occasions.
  • Enhancements to the policy that are specific, such as enhanced coverage for items you own.
  • There is no option to combine your coverage with, say, a homeowner’s insurance policy because ACI does not provide sports memorabilia insurance outside of the collectibles market.

The deductible, insurance limit, and coverage for each piece vary, so collectors can instantly obtain a free quotation by filling out a short form on their website. Policyholders can submit an online insurance application after receiving a price. An ACI representative will get in touch to ask for more details or to give permission.

Reviews from outside sources posted on ACI’s website state that they rapidly handle phone claims. If the Agreed Value Coverage is already in place, they frequently don’t even request an appraisal.

Currently, customers can contact ACI’s customer care department by phone, email, or live chat. They are open from 8 a.m. to 8 p.m. EST on weekdays and from 8 a.m. to 5 p.m. EST on Saturdays. Online claims can also be submitted by customers.

BHI Insurance Associates

Sports memorabilia insurance
Sports memorabilia insurance

48 insurance companies support BHI Insurance Associates.
BHI is the ideal choice for insuring your antiques because its brokers look for a comprehensive policy that best suits your needs and will aid you in filing a claim if you require it.
Our favorite option is BHI Antiques Insurance, who acts as your independent sports memorabilia insurance broker and may combine policies to ensure that your antiques and other collectibles are fully covered. Due to their independence, BHI does not have a financial strength rating; however, they do represent businesses like The Hartford, which has an A+ rating from AM Best.

BHI is one of the safest and most complete sports memorabilia insurance alternatives for homeowners’ valuable belongings because they can cover your collection’s appraised worth with a thorough inventory of all objects. To reduce your costs, BHI will first look for a rider option to one of your current policies. If you require a separate collectibles insurance coverage, budget 1% to 2% of the appraised worth of your antiques for that expense. If it meets your needs, a policy rider may cost only half as much.

Since its founding in 1974, BHI Insurance has offered a wide range of commercial and personal sports memorabilia insurance products.

Customers can also purchase other personal sports memorabilia insurance products such as flood, auto, homeowner’s, renter’s, boat and yacht, motorbike, motor home, jewelry, and umbrella insurance in addition to antiques insurance. Commercial insurance products are also available from BHI. They are perfect for New Jersey locals because they have their headquarters there. Some of their programs are open to other states, but you must call to provide details about your collection’s size and worth so they can assess your eligibility.

Arroyo Insurance Services

Sports memorabilia insurance
Sports memorabilia insurance

Because Arroyo Insurance insures up to the current market value and has special policy features that allow your policy to continue in effect even if your rug is on loan to someone (or if you wish to insure someone else’s property), they are a dependable source for Persian rug insurance.
Arroyo Insurance Services’ carefully chosen group of 30 A-rated AM Best firms generates more than $180 million in premiums written each year.

Arroyo warrants your initial consideration for Persian rug insurance due to its unique coverage features and protection for current market value. Although Arroyo Insurance Services was formally founded in California in 1986, its origins stretch back to 1950. They currently offer a variety of personal, business, and sports memorabilia insurance policies, as well as employee benefits for a wide range of businesses.

Your Persian rug’s worth may be covered by home insurance, but the amount of the coverage is capped at a certain level. You will need to get a separate policy to insure your Persian rug’s full value if its appraised value exceeds the cap on your homeowner’s insurance policy. Because Arroyo works with reputable insurers like Zurich and Travelers, budget for an annual premium that equals 2% of the cost of your Persian rug. You must supply complete documentation for any collection you wish to have insured with Arroyo, including a bill of sale, proof of ownership, an appraisal, a replacement cost estimate, and photos.

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