Do you have a stash of football cards that you collected as a kid? Are you looking to acquire a signed jersey or photograph from your current favourite player? These days, collecting sports memorabilia can be a fun and exciting hobby—and a potentially lucrative investment as well. Even if you’re just accumulating items for sentimental reasons, consider these tips as you expand your valuable sports memorabilia collection:
1. Make sure it’s the real thing
With the demand for sports memorabilia, there is also a rather lucrative market for fakes. So, be sure to do your research before you buy. It’s safest to purchase from the official stores of reputable organisations and make sure your item has been examined and approved by an authenticating company.
2. Choose an insurer who knows collectibles and can give you extras
Most homeowner's policies will cover some of your valuables—up to a certain amount. But if you have (or are building) a more extensive collection, you may want to consider purchasing a Valuable Articles policy from an insurance company, like Chubb, who can provide the protection you need to replace a lost, stolen, or damaged item.
3. Verify that it has a secondary market
Not every piece of sports memorabilia is worth insuring. If it has a secondary market, it’s probably worth some money, and therefore worth protecting.
Any time you purchase a new item for your collection, you will want to add it to your insurance policy. Under Chubb Signature policy, your newly acquired items are covered for up to 90 days, and up to 25% of the sum insured in place for each category of valuables.
If you would like to find out more on how you can protect your home and your valuable possessions, leave your contact details via the 'Contact Me' button below and our representatives will get in touch with you.
Disclaimer - The content of the above article is not intended to constitute professional advice. Although all content is believed to be accurate, Chubb Insurance Singapore Limited (Chubb) makes no warranty or guarantee about the accuracy, completeness, or adequacy of the content of this article. Users relying on any content do so at their own risk.
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