
In the realm of collectibles, even the most sentimental sports card can become a pricey treasure over time. Recognizing the unique needs of collectors who have long grappled with inadequate coverage, NFP, a towering name in the domain of property and casualty brokerage, has introduced an insurance panacea, crafted specifically for Canadian sports memorabilia aficionados. In collaboration with Berkley Asset Protection, NFP’s new initiative promises to swathe high-value sports cards and memorabilia in a robust layer of financial safety.
Collecting sports memorabilia isn’t just a hobby—it’s an investment. From rookie cards to signed jerseys, these collectibles often carry values that escalate as they age. The magnetic pull of memorabilia collecting can transform any enthusiast into a zealous guardian of history, but this passion doesn’t assure immunity against the unforeseen. Standard homeowners insurance policies frequently fall short in covering these prized possessions, leaving significant gaps that could lead to substantial financial loss.
Greg Dunn, the strategic mastermind behind the scenes as Managing Director of Personal Risk at NFP in Canada, stressed the elemental necessity of this tailored insurance solution. He specifically noted that the program not only aims to bridge existing coverage voids but also ensures peace of mind for collectors the instant they procure a new piece. The all-encompassing nature of the coverage extends from the emporium floor to the collector’s display case, including transit insurance that guards newly acquired treasures as they journey to their new home.
Olivia Cinqmars-Viau, harbinger of bespoke insurance solutions and AVP of fine art underwriting at Berkley Asset Protection, lauded the program’s personalized approach. She illuminated how the design of this insurance policy isn’t a one-size-fits-all but rather a meticulously crafted safety net, tailored to clutch tightly around the specific vulnerabilities associated with sports memorabilia collection.
Echoing the excitement, Steve Menzie, a luminary in the Canadian sports collectibles arena as president and owner of the Sport Card & Memorabilia Expo, underscored the financial and sentimental value these items embody. His endorsement of the new insurance program emphasizes its criticality, marking a milestone in safeguarding the financial investments of collectors.
As a nod to its commitment towards the collector community, the team behind this innovative insurance product will be engaging directly with collectors at the upcoming Sport Card & Memorabilia Expo in Toronto. From April 25-28, NFP’s Personal Risk specialists will be onsite, ready to educate attendees on the nuances of the new coverage options and how they can benefit from this dedicated protection. Their presence at Canada’s largest sports collectibles show signals a clear intent to forge a strong connection with the collector community and understand their needs firsthand.
The introduction of this program by NFP, bolstered by their large workforce scattered across Canada and globally, isn’t just about business expansion. It’s a robust initiative aimed at recognizing and addressing the refined needs of a niche community. Collectors can now revel in their passion with an assurance that their valuable assets are not just appreciated but also appropriately protected. With this new insurance solution, the beauty of collection transcends beyond mere acquisition—it becomes about legacy preservation and peace of mind, ensuring that today’s cherished collectibles can be the revered antiques of tomorrow.