Enhanced Insurance Protection Now Available for Canadian Sports Memorabilia Collectors

• Posted: April 17, 2024, 3:39 am
• in Sports Card News
• by bionic

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NFP, in partnership with Berkley Asset Protection, has rolled out a specialized insurance program aimed at providing comprehensive coverage for collectors of sports memorabilia in Canada, filling gaps often left by standard homeowners insurance.

NFP, a leading property and casualty brokerage firm, has announced the launch of a new insurance program tailored specifically for collectors of sports cards and memorabilia in Canada. This initiative, developed in collaboration with Berkley Asset Protection, is designed to offer robust coverage options for high-value items that are typically underprotected by standard homeowners policies.

Greg Dunn, Managing Director of Personal Risk at NFP in Canada, highlighted the program’s ability to immediately cover significant new purchases and provide ongoing protection for existing collections. This ensures that collectors can enjoy their investments without worry about potential losses. The insurance plan includes features like automatic coverage for new acquisitions and comprehensive transit protection.

Olivia Cinqmars-Viau, AVP of fine art underwriting at Berkley Asset Protection, commented on the personalized approach of the insurance solution, which is crafted to meet the distinct needs of the emerging class of sports memorabilia collectors. This demographic often finds that traditional insurance solutions do not fully comprehend or cover the true value of their collectibles.

Supporting the launch, Steve Menzie, president and owner of the Sport Card & Memorabilia Expo, noted the significance of this partnership for the collector community. He emphasized that beyond sentimental value, sports memorabilia can represent substantial financial investments, making effective insurance coverage crucial.

The new insurance program will be showcased at the upcoming Sport Card & Memorabilia Expo in Toronto from April 25-28, where NFP’s Personal Risk team will be present to offer insights and registration details to interested collectors.

With over 1,000 employees in Canada and more than 8,000 globally, NFP’s introduction of this tailored insurance program marks a significant step in supporting the specialized needs of sports memorabilia collectors across Canada.