Are Your Most Prized Possessions Protected?
The Importance of Insuring Your Collectibles
So, you’ve got an Amazing Fantasy #15 comic book – the first appearance of Stan Lee’s Spider Man in a safe from when you were just a kid. What you probably know is that this item can be worth tens of thousands of dollars, but what you probably don’t understand is what happens if that item is lost, stolen or destroyed by a disaster in your home.
Many of us acquire valuable items from inheritance, being collectors or investment purposes throughout our lives. Perhaps you received a valuable old watch, or received an expensive engagement ring. Often time people assume that these collectibles will simply be covered by your standard home insurance policy as a covered item. What is important to understand about insuring these items is that your standard home insurance policy has specific limits for these valuable items. Typically around $1500, but this amount varies between companies. So, if you have a watch worth $10,000 you’ll have a gap of $8500. What you need to talk to your insurance agent about is getting something called a “floater.” A floater is a type of insurance policy that allows you to insure a specific item. One way to remember a floater is that the items it covers tend to be able to float away (be carried away). Thus, increasing the chances of theft or damage.
Some valuable items to consider adding to a floater include:
- Watches
- Rings, necklaces and other jewelry
- Art
- Furs
- Historical Documents
- Comic Books
- Antiques
- Expensive electronics
While they may not have an expansive comic book collection or a one-of-a-kind fur coat from the 30’s, if you have questions about your home or renters insurance, call the insurance agents at Milt Marcy Insurance in Portland, OR. They have years of insurance experience and can help you insure everything from your home to your auto or business Insurance. They live where you do and are an independent insurance agent, so they can help you find the right company to fit your needs. You can also check out their website, 24/7.

We touched a couple weeks back on how simple pieces of technology can keep your home safe from burglary. Well, wouldn’t it be great if technology could help us avoid other claims like water damage, fire & freezing damage?
Ah, summer. A time where we enjoy the great outdoors and most often take our vacation for the year. Whether you’re traveling close to home on a short camping trip or headed off to Europe with the drones of other tourists, keeping your home safe while you’re away can be as simple as not doing anything differently. Ponder these points to keep your home safe from burglary while on vacation: