Collecting Memorabilia UK is a popular activity at the moment. Whether you are a fan of music, history, sports or movies or maybe you are looking for a lucrative investment, there’s a great deal of fun and satisfaction to be gained from investing in and owning an item of memorabilia.
The market for memorabilia UK is now very open with the internet providing a platform for anybody to buy or sell their wares. But this also means a platform for any unsuspecting person to fall victim to fraudsters. So make sure you do you research before you buy. Buy from a reputable seller or check out their reviews online. Research the price and the future value and most of all, buy something that you like and are interested in. Values go up and down but you want to enjoy owning and showing off that item of memorabilia UK as much as possible.
So whether you’ve already amassed a vast collection of memorabilia UK or are just starting out on that road with your first piece of sporting memorabilia, what can you do to look after your collection?
Here’s our top 7 tips to looking after your memorabilia UK collection
- Display or store your memorabilia UK correctly. Get a special display case or frame – seek advice from framers or auction houses. If the item is going into storage, consider how and where you are going to store it. Protect your items from extreme temperatures, light, and humidity. And keep those pests and animal away.
- Put in place any security systems or alarms. Your insurance broker can advise on what arrangements you need to make.
- Speak to your insurance broker or company to get the item listed on your insurance policy. Depending on its value, it may need to be specifically listed on your insurance policy – a rough rule of thumb is it should be listed if it’s worth more than £1500.
- You also need to check what sort of insurance you have in place, and whether accidental damage is included. Don’t assume all risks are covered.
- If you are in the process of purchasing a new item of memorabilia UK check when your insurance cover starts and when the sellers’ cover ceases. You need that cover in place from the moment you give them the money, not when it gets delivered to your house.
- Keep any purchase receipts and valuations for your memorabilia UK. (Usually valuations are only required for individual items over £10,000 in value but if in doubt speak to your insurance broker). It is also recommended that these items are either kept in a fire proof safe or off site away from your collection.
- Photograph your collection and catalogue each item.
We hope that your memorabilia collection gives many years of satisfaction to you and your friends.
If you would like more information on insuring your memorabilia UK, or a personalised quote, please give us a call on 01489 579808 or fill in our memorabilia insurance web form.
Related article: Should you Have Insurance for Collectibles?
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