This is a topic that I have been tossing around for years and for whatever reason I still have not had my memorabilia insured. Most people would call me stupid, but I just never pulled the trigger.

I honestly can say that I am not all that informed on what goes into insuring collectibles, but I assume it is a bit different than the insurance I have for my Volkswagen.

Do you have to make an itemized list of what you have? What if you sell items? What if you buy items?

Granted, I live in a town that has very low crime, but there IS still crime and you never know when your house will get broken into.

Not to mention the risk of a fire happening, possible water damage, termites… whatever else could happen to my precious gems.

What about buying a safe? I am not sure on this one either. I would have to have a pretty big safe to fit all my memorabilia in and I guess a burglar could still steal the safe itself. On top of that, I am not sure that a safe would save memorabilia from all degrees of fire damage.

Most of my really valuable items are at the bank, but that doesn’t mean I would be happy if my other pieces got stolen or damaged.

What have you guys done? Does anybody insure his or her collection? Do you not worry about this? Let us know.