Collectibles Insurance Policy Questions

If you have the collector's 'gene,' as Dan Walker, owner of Collectibles Insurance Services, Westminster, Md., calls it, you had better give insurance serious consideration.


| October 2002



U.S. Power Antique Tractor

U.S. Power Antique Tractor

Should I insure my farm antiques and collectibles? It's the proverbial $64,000 question of the collecting market. And the answer is entirely personal.

If you have the collector's 'gene,' as Dan Walker, owner of Collectibles Insurance Services, Westminster, Md., calls it, you had better give this serious consideration. "You've either got the 'gene' or you don't. If you've got it, you're going to keep collecting," he says.

When you keep collecting, values add up. A hundred dollars for a toy here, $50 for a sign there - and soon you could have a collection worth thousands of dollars.

Or what about that old, rusty tractor you picked up 10 years ago for $500? According to Roland H. Lunser, owner of U.S. Power Antique Tractor Insurance, East Aurora, N.Y., with the time and money you've put into it, it's a remarkable sight and probably worth many times more than what you paid for it.

In all seriousness, gene or no gene, collectors are a unique breed, and they hold their collections dear to their hearts.

When something is precious to you, and you can't bear the thought of losing it or seeing it damaged, would recovering its value to somehow replace or fix it help ease the pain? Then let's talk insurance.