When shopping for insurance, you may see the terms “blanket coverage” and “scheduled coverage.” If you purchase blanket coverage, you are insuring your entire collection for its full collector value. If you opt for scheduled coverage, you are insuring each individual book for its value.
Blanket coverage is easier to buy, but if you have to file a claim, you may need to put more time into proving the value of the book that was lost or damaged. For scheduled coverage, you generally have to provide the insurance company with a list of books, conditions, and appraised values to insure them for the full market value. This can be time-consuming, but it makes filing a claim more straightforward down the road.
If you have an extensive or valuable comic book collection, consider purchasing a specialized comics insurance plan. Whether you tell your homeowners insurance company to add a valuables rider to your policy or buy a plan through collectibles insurance services, this coverage will protect your financial interests and give you peace of mind.