Are you looking to know more about the best collectible insurance for the year 2023? If yes, then you're in the right place.

In this article, we're going to discuss extensively collectible insurance in other for you to make the right decision when it comes to protecting your belongings.

Collectible Insurance is a great way of protecting the properties that are of value to you. The main aim is to protect them from accidental damages, thefts, floods, and other types of loss.

No matter how small or large your property might be, collectible insurance is what you need. This property can be even small a ring, coin, artwork, a modern Persian rug of values, or anything you can think of, so long as it has value, it should be protected.

We have seen cases where collectibles are kept in homes where those collectibles are even more expensive than the home. If that is the case, those assets need to be on a separate policy in order to reimburse for the full value.

According To Investopedia. As of 2020, a popular Rapper known as logic paid $183,812 for a rare  Pok√©mon card.

Another one that happened in 2014, a 1938 copy of an action comic book, sold for a whopping price of $3.2 million on eBay.

In many cases, most collectibles are insured for 1% to 2% of the piece's value, per year.

It doesn't necessarily mean that your collectible must be worth millions before you can insure them. So long as they're of value to you, and you consider them priceless, then it is worth insuring.

In order to ensure you make the right decision when it comes to collectibles insurance, we've compiled a list of the 10 best collectible insurance companies in 2023. 

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Top Best Collectible Insurance In 2023

There are different collectible insurance companies out there, but after conducting research, we came up with the Top Best Collectible Insurance Companies out there that will make waves in 2023.

Below are the 7 Best Collectible Insurance Companies In 2023 and the type of insurance policy that best suits them.

  • American Collectors Insurance (
  • BHI Insurance Associates ( Antiques)
  • Arroyo Insurance Services (Persian Rugs)

American Collectors Insurance

America Collectors Insurance is a renowned company founded by a group of passionate collectors. The company stands among the best collectible insurance company in the united state.

The company is known for its provision of policies that exceed the industry standards, such as inflation Guar Protection, agreed value coverage, and special policy enhancements.

Pros Of America Collectors Insurance

  • The company is reliable as it is founded by collectors that are ready to serve collectors.
  • They have a wide coverage
  • They offer automatic coverage of new additions
  • There is access to inflation guard protection

Cons Of America Collectors Insurance

  • They do not cover things like furniture, artwork, or jewelry.
  • They have no complimentary insurance product outside of collectibles

BHI Insurance Associates

BHI Insurance Associates is an insurance company backed by over 44 insurance carriers behind them. The company was founded around 1974, and ever since, they have been providing a wide variety of personal and commercial insurance types. Besides antique insurance, as a customer, you can also get access to personal insurance products like flood, auto, homeowner's, renter's, boat and yacht, motorcycle, motor home, jewelry, and umbrella insurance.

The company is known as an antique insurance company dedicated to serving independent insurance brokers, by combining policies that ensure your antiques and other collectibles are adequately covered, making it our preferred choice. 

One thing I don't like about the company is its financial strength of the company. The company does not have a financial strength rating due to the fact that they are independent brokers which do not represent companies like The Hartford, which has an A+ rating from AM Best.

One thing the company does better is the covering of collectibles. If you have a collection appraised value with a detailed inventory of all the items, then it is best you use the company.

They are one of the safest and most comprehensive insurance companies out there that offers insurance options for homeowners' valuable items.

Pros Of BHI Insurance Associates

  • The company ensures it provides detailed antique insurance
  • Their customer support is top-notch. They ensure they reply to your mail very fast.
  • They're always readily available to assist you with your claims.
  • They have other amazing insurance products you can take advantage of.
  • They work with 44 carriers, a great option for you to select from and find the best you can work with based on terms and cost

Cons Of BHI Insurance Associates

  • The company lacks an adequate financial strength rating due to the fact that it is an independent broker.
  • The company cannot be considered a collectible insurance company due to other policies available. Because of this, they can be categorically placed under "Insurance Company" instead of "Collectible Insurance Company"

Arroyo Insurance Service

Arroyo Insurance Service can be regarded as one of the most trusted insurance company out there offering insurance policy that covers things like Persian Rugs due to the fact that the company makes sure it ensures collectibles based on the current market value.

Their insurance policy has amazing features that your policy to remain in effect if your rug is on a loan to someone.

Arroyo Insurance Service was founded around 1950, but it started operation fully in 1986 in California.

As of the time of this publication, they have written more than $180 million in premiums with their curated selection of 30 A-rated AM Best companies. With rare policy features and current market value protection, Arroyo deserves your first look for Persian rug insurance.

Pros Of Arroyo Insurance Service

  • The company allows you to insure someone else's collectible, or even your own collectible while you're on loan.
  • Arroyo offers comprehensive coverage for different varieties of collectible items.
  • The company insures at the current market value.
  • Arroyo is backed by different reliable insurance carriers, making it safe to use for insuring collectibles.

Cons Of Arroyo Insurance Service

  • Arroyo requires you to pass through some serious paper works that need to be filled when filing an insurance claim.
  • They have no insurance quote tool that can guide you in having an idea of what you're getting into.


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