You may have to purchase special policies to cover especially valuable or irreplaceable items. Save any receipts for your collectibles, along with a photograph of each item. Keep track of any repairs or enhancements that you make to the collectible. Don't throw away any part of the original item. If you make repairs or improvements to an expensive item, you will likely need to provide proof to your insurance company that your new, improved collectible is still the same one that you purchased previously.
Insurance can be expensive.
Sometimes, the policy for a valuable collection will exceed the amount that the collector actually spent for the collection. Therefore, some collectors choose to insure only their most valuable items. Be careful not to confuse the value of the item with the amount of the insurance premium. Click here to give us your opinion. Designated trademarks and brands are the property of their respective owners.