2. Antiques Insurance: Antiques collection is a passionate hobby. You spent years to make such a collection but there is an insurance policy for those too. You can partly insure your antiques. There are two such types of antique insurance – Policy with Homeowners Company, and Policy with Specialist Company.

Some insurers allow insuring your collectibles partly along with other insurances. They generally provide a lower deductible limit for antiques. But the Specialist company policy covers all collections like stamps, coins, pottery or even muscle cars. The payback amount for the damage of the collectibles is nothing but a small amount for the peace of mind.

In India, Tata AIG was the first to launch such insurance for fine art, jewellary, rare paintings and other valuable possessions. On this note the CEO of Tata AIG, Gaurav D Garg said, “Insurance for fine art and valuables is a developing and under-penetrated sector. Our company is the first to offer innovative insurance solutions for the fine arts and valuables, which are backed by unparalleled loss prevention, risk management and a concierge level claims service that offers flexibility and support when needed most.”