Personal / Collections / Handbags
Handbags, Insured the Way Collectors Actually Own Them.
Built for collectors who know the difference between a stamp year and a production year, and expect their insurance to know it too.
You understand waiting lists that don't officially exist. You understand that "discontinued" is not the same as "unavailable," and "retail" is not the same as what you actually paid. You've tracked a BSO on a resale platform for six weeks and made the call at 11pm on a Thursday. You know the difference between a B stamp and a C stamp, between Togo and Clemence, between a mini and a micro and why that difference matters enormously. WAX Collect was built to meet collectors exactly where they are, speaking their language, respecting their knowledge, and building a policy as considered as the bags it protects.
The full lineup
Core coverage includes theft, accidental damage, fire, flooding, worldwide travel, and pets. The last one matters more than it sounds, a bag left on a low shelf has a way of becoming a very expensive chew toy, and WAX Collect doesn't ask questions about how the hardware got scratched.
That's the foundation. WAX Flex™ is where you build the rest of the configuration.
Lever one: Build your configuration
Two optional coverages, each toggleable. Your premium adjusts in real time as you add or remove them.
Checked Baggage Coverage
Protects bags lost or damaged through airline baggage handling. The prevailing wisdom has always been that your collection travels in the cabin. If that's you, remove it and reduce your premium immediately. If you occasionally check pieces, moving houses, shipping to consignors, traveling internationally. Toggle it on.
Unattended Auto Coverage
Covers pieces left in an unattended vehicle. If your bags never leave an attended environment, easy remove. If your life involves transporting pieces to resellers, authentication services, or trunk shows, keep it active.
Want Mysterious Disappearance? It's included as standard on WAX Classic™.
Lever two: Pick your price tier
Every other insurer in the collectibles space locks every policy at 150% agreed value. In the handbag world, that often makes sense, a Birkin from five years ago is almost certainly worth more today. But not every piece in every collection follows that trajectory, and you shouldn't pay the same rate for pieces where appreciation isn't the point.
WAX Flex™ gives you three options:
100%. Covered at agreed value. The number on the appraisal is the number you receive. Clean, efficient coverage for entry-level pieces or bags acquired for use rather than as collectibles.
125%. Up to 125% above agreed value if the market has moved. Subject to the class limit. Right for bags with a demonstrated appreciation track record but not hyper-limited status, a well-kept Kelly 32 in a classic color, a Chanel jumbo from a constrained year.
150%. Full market appreciation protection, up to 150% above agreed value. Subject to the class limit. For Hermès limited runs, Special Orders, vintages from peak years, exotics, where the resale market behaves like a futures market. 150% is the responsible setting.
A Birkin 25 in Matte Niloticus Crocodile doesn't need the same coverage calculus as a canvas tote. WAX Flex™ finally lets you make that distinction.
Lever three, the loyalty program that actually works
Bag collectors often, also, collect jewelry, watches, sneakers, or art. WAX Flex™ rewards cross-category collecting with a tiered discount applied automatically.
One category: base rate. Two: discount applied. Three: greater discount applied. In real time. No calls, no "let me speak to a manager about my loyalty." WAX Collect just does the math.
The authentication-level details
- Agreed value, guaranteed. Submit at agreed value, backed by receipt, appraisal, or authenticated comp, and that's what you receive at total loss. No adjuster will tell you your Birkin is worth less because of natural wear on the palladium.
- $0 deductible in most U.S. states. Because when a discontinued Bottega Pouch goes missing, the last thing you need is a deductible conversation.
- 90 days of newly acquired coverage. The moment a bag enters your collection, you're covered automatically. Acquisition happens at 2am from a resale platform in Seoul, and coverage shouldn't require a business day.
- Worldwide coverage. Paris, Milan, Tokyo, the Hermès boutique in Dubai.
- Claims via the WAX app, handled by people who understand what you're claiming.
- AM Best A+ (Superior) rated carrier partners with deep experience in valuables and a documented record of finding ways to say yes.
You didn't spend years learning the difference between GHW and PHW to be handed a generic policy. WAX Collect is built for collectors who know exactly what they have.
