I needed to insure my $100k collection. Homeowners was too risky. I narrowed it down to the two heavyweights: Collect Insure (C.I.) and CIS (Collectibles Insurance Services). Both sounded the same. I dug into the policy jackets to find the real differences.
Key Takeaways
- Collect Insure (C.I.): Often favored for lower premiums and flexibility. Good for general collectors. Backed by major carriers.
- CIS: Often has broader “Travel/Show” coverage and fewer administrative hurdles for high-value items.
- Scheduling Requirement: Both allow “Blanket” coverage for most items, only requiring you to list items over a certain value (e.g., $5,000 or $25,000).
- Storage Requirements: CIS can be stricter about safes and alarms for high-value home collections compared to C.I.
The “Why” (The Fine Print)
It comes down to how they handle a claim and where the cards are allowed to be.
The Investigation: Head-to-Head
1. Collect Insure (The User Friendly Option)
- Pros: Easy online quote. Low premiums (usually <1% of value).
- Cons: Transit limits can be lower by default.
- Best For: The home collector who occasionally buys/sells.
2. CIS (The Dealer/Heavy Hitter Option)
- Pros: Stronger coverage for dealers, shows, and transit. “All Risk” wording is robust.
- Cons: Slightly higher minimum premiums.
- Best For: People doing card shows or holding six-figure assets.
3. Wax (The Tech Newcomer)
- Pros: App-based. Fast.
- Cons: Proven track record on massive claims is younger than the legacy giants.
Comparison Table
| Feature | Collect Insure | CIS |
| Item Schedule Limit | Lists items >$5k | Lists items >$25k (often) |
| Travel Coverage | Included (Check limit) | Strong |
| Deductible | Usually $0 or low | Usually $0 |
| Inventory | Blanket | Blanket |
Step-by-Step Action Plan
- Quote Both: Prices vary by zip code and collection type (sports vs TCG).
- Check the “Schedule” Threshold: If you have 50 cards worth $4k each, you want a policy that doesn’t require listing them all.
- Ask About “Breakage”: Ask specifically: “Is accidental breakage covered?” (For slabs).
FAQ
Are they backed by real insurance?
Yes. They are brokers (MGAs). The paper is written by giants like Arch, Markel, or similar.
[IMAGE: Graphic comparing the logos and key stats of Collect Insure vs CIS]