FREQUENTLY ASKED QUESTIONS ABOUT
Self-Storage Insurance
What is a definition of a Valuable or Collection in storage?
Valuable
A valuable typically refers to high-worth personal items that have significant monetary or sentimental value and may require special consideration in an insurance policy.
A valuable is a personal possession that:
- Has a high monetary value (between £1,000 - £3,000)
- May be difficult to replace
Examples of valuables include:
- Fine jewellery and furs
- Expensive watches
- Art and antiques
- High-end electronics
- Precious metals
- Fine musical instruments
- Designer Clothing & Handbags
Collection
A collection is defined as a group of similar items accumulated and valued together, typically with some unifying characteristic.
A set of items that are:
- Related by a common theme, type, or origin.
- May have individual value but gain additional value as part of the complete collection
- Gathered intentionally
- Typically related by theme, type, era, or origin
- Maintained for their collective or individual value
- Often curated with specific criteria or passion
- A group of 3 or more items
Examples of collections include:
- Coin collections
- Stamp collections
- Vintage toy collections
- Art collections
- Sports memorabilia
- Rare book & vinyl records
Please note - Receipts, valuations and proof of ownership will be required upon any claim. Failure to produce these documents may invalidate your claim.
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