Some UK collectors who presume Collection insurance is unnecessary often think that such insurance is either nonexistent or is priced too steeply. Here’s why they might change their minds. Collection insurance coverage is surprising comprehensive. Mainstream art items like coins and dolls are covered, along with non-mainstream ones, such as sewing items. Art insurance also covers theft, fire, flooding, natural disasters, and breakage. General appraisals are not needed; you determine the value of your collection and the amount of insurance you think you need. Throughout all this, you should keep an accurate inventory of items in case you have to submit documents in the case of damage or loss.