I am sure I’m not responsible for coining this term…
BUT – each week, we uncover what I call “accidental collectors” – clients who suddenly realize their closets, safes, and storage units now hold real
portfolio value in handbags, watches, sneakers, and memorabilia, to name a few common collectibles.
These “lifestyle” pieces often sit under low sublimits or exclusions in standard homeowners’ policies, so a theft, water leak, fire, or simple disappearance can expose real gaps in coverage. Rapidly changing markets for luxury accessories, sneakers, and memorabilia only widen that gap between what was paid and what’s at risk today.
We help clients and their advisors spot when these purchases have become an insurable collection, document them properly, and secure valuations so insurance, estate planning, and balance sheets actually reflect what’s there.
If you’re not sure whether these assets are truly protected, it’s a good time for a review!
