Limitations of Homeowners Insurance
Low per‑item limits: Many policies cap collectibles at $200–$2,500.
Exclusions: Categories like wine, comics, musical instruments or sports cards may not be covered.
No transit protection: Losses during shipping or travel are typically excluded.
Claim impact: Submitting a collectibles claim can trigger premium increases or non‑renewal of your home policy.
Your collections shouldn’t be an afterthought to a home policy. At WAX, we engineered a solution that speaks directly to collectors, preserving what matters most to you without compromising on protection or convenience.”
— Steven Bass, COO
WAX Collect Policy Advantages
High limits and low or zero deductibles. Choose coverage that fits your risk tolerance.
Automatic coverage for newly purchased items, up to 25% of your class limit.
Agreed‑value settlements up to 150 % of scheduled values.
Claims filed under WAX have no effect on homeowners insurance.
One policy can cover diverse categories—from coins and wine to couture and comics.
Investing in a WAX policy diversifies your homeowner policy and safeguards your collectibles wherever they reside.
Real-World Case Study
A long-time client had a mixed collection of comics, designer handbags and antique firearms. A humidity control failure in their storage room led to mould growth that damaged vintage comics and leather goods. With WAX, they received agreed-value compensation and funds to restore the comics. Because their collectibles were insured separately, their homeowners insurer never learned of the claim — preserving their home coverage and avoiding a premium hike. Contrast that with a collector who filed a rare toy claim under their homeowners policy and had their coverage canceled at renewal.
Frequently Asked Questions
Q: Will filing a claim with WAX raise my homeowners premiums?
A: No. WAX claims are separate and do not affect home insurance.
Q: Can I insure my wine and coins under the same policy?
A: Yes. WAX’s mixed‑collection policies make it easy to bundle categories.
Q: What documentation do I need?
A: Provide purchase receipts, appraisals or photos to schedule items. WAX can recommend appraisers if needed.
Ready to protect your collection?
Collectors can request a quote in minutes through WAX’s digital platform, while brokers can contact us to design coverage for their clients.
