What you need to know about collectibles and homeowners insurance

The collectibles market has exploded in recent years as investors increasingly view collectibles as a permanent part of their portfolio that is worth investing both money and effort into. But as the size of their collections increases, so does the need to appropriately insure and protect their investments.

Although collectible art has long been part of the portfolios of the wealthy, it is only in recent years that the market size and value of other types of collectibles have increased dramatically. The pandemic seemed to kick-start the collectibles boom, as casual investors were stuck at home with cash to burn, and a longing for less troubled times fueled interest in items from the past.