Collectibles vs Memorabilia: What’s the Difference?
Collectibles vs Memorabilia: What’s the Difference?
While they are often used interchangeably, did you know that collectibles and memorabilia are not actually the same thing? The word “collectibles” represents items that are collected for fun and do not have any value outside of their intrinsic value to the collecting community. “Memorabilia,” on the other hand, represents items that were originally created with a specific purpose, but have since derived value from their rarity or condition. Collectibles include trading cards, model trains, or art. An example of memorabilia is a hockey ticket from a specific game in 1961, which would now be close to one-of-a-kind due to its rarity.
Food for thought: is your collection comprised of collectibles, memorabilia, or both?
Collectibles Insurance Services was founded by collectors, for collectors! Homeowners insurance often falls short when it comes to providing coverage for collections, so that’s where we step in. We help insure collections of all kinds — from LEGOs to sports memorabilia, and comic books to toys, and so much more.
Find out what types of collections we insure or get a quote today!
About Collectibles Insurance Services
Collectibles Insurance Services has been protecting collections since 1966 and all coverage is provided by a carrier with a group rating of “A” (Excellent) by AM Best, the leading rating agency for the insurance industry.
Comprehensive coverage includes, but is not limited to: accidental breakage, burglary, fire, flood, loss in the mail, theft, natural disasters, and other causes of loss unless specifically excluded from the policy. Deductibles start at $0 for collector policies and we provide coverage for the market value of your collection for losses in excess of $50.
Additionally the protection extends At home and away, and we don't require collection itemization and serial number nor extensive paperwork and red tape.