If you are a coin collector and over the years have established a sizable collection, then you may have thought about taking out coin or collection insurance to safeguard your coins against loss.
An insurance policy is designed to protect you from suffering a large financial loss. If you insure an item which is then lost, stolen or damaged, you will be provided with compensation when you go to make a claim to your insurer.
Jewelry is a prime example of an item that benefits tremendously from being insured. Not only is jewelry valuable, but it is also small and portable which makes it easy to lose or to steal.
Most home insurance policies do quite a good job of providing coverage against loss for personal possessions inside the home.