Insurance broker NFP has launched a sports card and memorabilia insurance program to help fill a gap in homeowners’ insurance policies.
Introduced to the Canadian market via a partnership with Berkley Asset Protection, the new product expands NFP’s personal risk offerings in the country.
Olivia Cinqmars-Viau, assistant vice president and fine art underwriting manager at Berkley Asset Protection, said: “We’re looking forward to working with the NFP team and continuing our legacy of partnerships with established risk management professionals.
“NFP’s individualized and tailored approach to this unique insurance solution for collectors of sports cards and memorabilia ensures this emerging collector class has the necessary protection in place to safeguard its high-value assets.”
To help introduce the product, members of the NFP personal risk team will attend next week’s Sport Card & Memorabilia Expo in Toronto.
Steve Menzie, president and owner of the Sport Card & Memorabilia Expo, declared: “Memorabilia like sports cards are often viewed as sentimental in value, but any collector will tell you that it’s much more than that. We’re glad to see this partnership form and to help collectors better protect their cards and collectibles.”
The product features transit cover and automatic coverage of new items. Sports cards and similar valuable items may have limited or no coverage under a homeowners’ policy.
“NFP’s team of personal risk experts can now provide Canadian card enthusiasts with the coverage they need from the moment they make a significant card purchase,” said personal risk managing director Greg Dunn.
“We’re excited about the offering and educating collectors about potential coverage gaps, as well as the partnership with Berkley, a leading provider of specialized insurance solutions for high-value personal assets.”
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