5 Tips for Collecting Sports Memorabilia

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. 

4. Consider inflation

It’s wise to get your items valued periodically, and with Chubb, if at the time of a total loss under insurance is discovered, provided you have a professional valuation no older than 2 years we will pay up to 200% of the agreed value. 

5. Review your collection regularly

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 percent of the sum insured in place for each category of valuables.