Blog Post
Sometimes even Superman needs to be rescued
October 31, 2011 | Tom Kirkpatrick, President
Good news for possibly the world’s biggest Superman fan. In early September it was reported that a vast collection of Superman memorabilia had been stolen by a man posing to be the owner’s friend. Lucky for him, police recovered his 1,800 piece collection and put the thief in jail.
This story reminds me of a report by the CVV, the French Auction Market Authority, which found sales in collectible items up 63 percent from 2010 to 2011. The United States alone represents 27 percent of the global market share of collectibles.
Why are those stats important? Specialty item and collectibles are often underinsured. When an unfortunate incident like a burglary or disaster happen, insureds want to make sure their collectibles are covered.
High-end collectibles, rare books, fine furniture and other memorabilia can often be challenging to quantify a value. For agents and carriers, it’s important to have experts available that have technologies and specialty contents experts at hand to facilitate the process of determining the authenticity and value of specialty items.
What tools, process and expert resources do you use to handle specialty contents claims?
