Nestled amidst the bustling world of sports fanaticism and collecting, a new beacon of security has emerged for those passionate about their sports memorabilia in Canada. The firm NFP, renowned for its expertise in property and casualty brokerage, has unfurled a meticulous insurance program tailor-made for collectors of sports cards and priceless memorabilia. Together with the astute collaboration of Berkley Asset Protection, this program is poised to cater comprehensively to the intricate aspects of memorabilia collection—an area often glossed over by standard homeowners insurance policies.
Navigating through the gritty details, Greg Dunn, the Managing Director of Personal Risk at NFP in Canada, addresses the essence of this initiative. Dunn elaborates how significant acquisitions by avid collectors have traditionally sprawled across a spectrum inadequately covered by existing insurance parameters. This deficit is where the new program, boasting nuances such as automatic coverage for new treasures and wide-spanning transit coverage, steps in. The objective? To bridge this gap and drape collectors with a comforting layer of security right from the instance of purchase, protecting both newly acquired gems and those already nestling in private collections.
Mining deeper into the fabric of this initiative, Olivia Cinqmars-Viau, the AVP of fine art underwriting at Berkley Asset Protection, paints the program with strokes of customization. Through conversations and interactions with collectors themselves, the program is finely tuned to resonate with the specific needs and situations of sports memorabilia aficionados. It is this personalized approach that sets the insurance apart, making it not just a generic umbrella but a well-fitted armor against potential financial distress caused by damage or loss of valuable items.
Shifting the spotlight to the vibrant corridors of collectors’ gatherings, Steve Menzie, the president and owner of the Sport Card & Memorabilia Expo—Canada’s premier venue for such collectibles—shares his seal of approval on this novel venture. Menzie underscores the dual value that memorabilia holds: while the sentimental worth is paramount and often the primary motivator for collectors, the financial value cannot be sidelined. Items that might be cherished family heirlooms or rare finds from an obscure auction have their monetary assessments, sometimes climbing to staggering heights. This new insurance program by NFP and Berkley not only resonates with the emotional chords but also fortifies the financial investment collectors undertake.
As the date draws near for the much-anticipated Sport Card & Memorabilia Expo in Toronto, happening from April 25-28, NFP’s Personal Risk team is gearing up to showcase this innovative insurance product. Their presence aims not just to enlighten but to envelop collectors in a narrative of safety and assurance, allowing them to indulge in their passion with significantly less worry about the ‘what ifs’. This fine-tuned insurance solution reveals itself as a segment of NFP’s broader vision, which seamlessly integrates the unique requisites of various collectors’ domains—stamping their authority and commitment in a niche yet expansive arena.
With over 1,000 personnel dedicatedly engaged in Canada and an expansive global footprint featuring more than 8,000 employees, NFP stands poised not just to serve but to revolutionize how collectible insurance is perceived and enacted. As Canadian collectors traverse through aisles of memorabilia, their minds perhaps more at ease than ever, it is evident that the tapestry of sports collection is getting a vibrant and secure makeover. This initiative not only underscores the inherent value of memorabilia in the hearts of collectors but also cements the indispensability of bespoke protection in the realm of collections. Whether it’s a signed hockey stick from the ‘80s or a rare baseball card, collectors now have a robust shield guarding their prized assemblies, promising a little more peace of mind in their pursuit of collecting history.
