Securely insure valuable coins
Protect your valuable coin collection comprehensively against risks such as theft, damage, or loss with nextsure's specialized coin insurance. Discover tailored solutions for numismatists and collectors.
Comprehensive Collection Protection
Individual Insurance Sums
Digital Instant Processing
Why a Special Coin Insurance is Indispensable for Collectors
Protection against Theft
Protection against Damage
Preservation of Your Collection
Reassurance for Collectors
What risks does a comprehensive professional coin insurance cover?
A professional coin insurance offers extensive protection specifically tailored to the needs of coin collectors. Core coverages typically include protection against theft, burglary, and robbery, which are the most common threats to valuable collections. Additionally, natural hazards such as fire, water damage, storm, and hail are covered. Many specialised policies go beyond these standard benefits and provide an all-risk coverage. This means that all risks are insured unless explicitly excluded in the contract. This may also include simple theft (e.g. trick theft), damage during transport to fairs or exhibitions, as well as damages due to unforeseen events. It is crucial to carefully review the insurance conditions to understand the exact scope and possible exclusions (e.g. war, intent, normal wear and tear) and ensure that your collection is optimally protected.
Tailored Protection
Our services for your coin collection
Security Protection
Comprehensive protection of the material and ideal value of your numismatic treasures against a wide range of risks.
Theft protection
Solid protection against burglary, robbery, and optionally, simple theft of your valuable coins.
Damage
Coverage for damages caused by fire, water damage, natural events, transport, or unforeseen circumstances.
Transport protection
Worldwide insurance coverage for your coins during transportation and at exhibitions (optional).
Comprehensive insurance
Our comprehensive all-risk coverage provides protection against almost all unforeseen events and damage.
Valuation Report
Recognition of expert opinions for determining the insurance sum and support in valuating assets.
Online Police
Simple, fully digital conclusion and management of your coin insurance via our modern customer portal.
Expert Assistance
Expert advice and support from our specialists in numismatic insurance and collectors' values.
Claims Service
Fast, straightforward, and transparent handling of claims for your coin collection by our expert team.
Discover how we preserve the value of your passion.
Your Collection. Your Protection.
Calculate your rate now!
How to accurately determine the correct insurance value of your coin collection
Accurately determining the insured value of your coin collection is crucial to receiving proper compensation in case of damage and to avoid underinsurance. There are various recognised methods for valuing. One approach is documenting the purchase prices, provided they reflect the current market value. For many coins, especially bullion coins or common collector coins, the current market value can be determined through dealer catalogues or online price lists. For rare or particularly valuable pieces, an appraisal by a sworn and publicly appointed expert in numismatics is often essential. This expert can determine the value objectively and provide a report that is recognised by insurers. It is important to maintain comprehensive documentation of your collection, including detailed descriptions, photos, purchase receipts, and expert reports. Since coin values can fluctuate, you should review your insurance coverage regularly, at least annually, and adjust it if necessary to account for increases in value.
Effective Theft Protection: Security Measures for Your Valuable Coin Collection
Theft poses one of the greatest threats to coin collections. Therefore, effective security measures are not only recommended but often a prerequisite for insurance coverage. One of the most important mechanical safeguards is storage in a certified safe or secure cabinet, ideally anchored firmly in the masonry. Depending on the value of the collection, insurers may require specific resistance classes for the safe. Additionally, a burglar alarm system, ideally connected to a security service, can be useful. Organisational measures include discretion regarding the possession and value of the collection, maintaining a detailed inventory list (with photos and descriptions) in a separate, secure location, and avoiding any indication of the collection at the residence. Insurers specify certain security requirements, known as obligations, in the contract, compliance with which is essential for full insurance protection. In the event of theft, an immediate report to the police and the insurer is mandatory.
Coin insurance vs. household insurance: The key differences in detail
Many collectors mistakenly assume that their coin collection is adequately protected by their household insurance. However, this is often a misconception with potentially serious financial consequences in the event of a claim. Household insurance typically imposes strict compensation limits for valuables, which include coins, often amounting to only a few thousand euros and thus falling far short of covering the actual value of an extensive collection. Furthermore, specific risks to which coins are exposed – such as simple theft outside one's own home, transport damage, or specific types of damage – are often not or only insufficiently covered by a standard household policy. In contrast, a specialised coin insurance offers tailored protection. It allows for the agreement of a sum insured that matches the real value of the collection and often includes blanket coverage. This also covers risks that are explicitly excluded from household insurance and addresses the particular needs of numismatists, such as protection at exhibitions or in the event of value increases.
International coin collections: Important aspects for insurance coverage worldwide
If you own coins that are stored abroad or regularly transport parts of your collection across borders, there are special requirements for insurance coverage. Standard policies may reach their limits here. A specialised international coin insurance takes these global aspects into account. Pay attention to the geographical scope of your policy; ideally, it should offer worldwide protection or at least cover the relevant countries. Transporting coins to or from abroad involves specific risks. Determine whether your insurance covers transport by secure courier, air freight, or other specific transport routes and what security measures are required. The storage abroad, for example in safety deposit boxes or specialised storage facilities, must also be covered by the insurance. Indirectly relevant, but important for the overall value and handling in the event of a claim, are the customs and import regulations of the respective countries that you must observe in cross-border transactions.
Art insurance
Protection for your artworks
Valuables
Jewellery & Watches Securely
Home Contents Premium
Enhanced Home Protection
Handling a Claim: How to Report Loss or Damage to Your Coins Correctly
The correct procedure in the event of a loss is crucial for a quick and smooth settlement by your coin insurance. In the event of damage (e.g., water damage, fire), take immediate action to mitigate the damage and prevent further losses. If there is theft or robbery, it is essential to report it to the police straight away; obtain a copy of the report. Subsequently, report the claim promptly to your insurer, adhering to the contractually agreed deadlines. nextsure offers digital reporting channels for this purpose. You will typically need a completed claim form, a detailed list of affected coins (ideally from your inventory list), photos of the damage or burglary location, the police report (in case of theft), and any available proof of value, such as receipts or appraisals. Transparent and complete documentation significantly speeds up the settlement process. Consult with your insurer regarding the next steps and the potential involvement of an expert.
Cost of Coin Insurance: Factors Influencing Pricing and Transparent Pricing Structures
The cost of coin insurance depends on several individual factors, which makes it difficult to provide a standard price. The most important factor is the sum insured, i.e., the total value of the collection to be insured. The higher the value, the higher the premium tends to be. The type and composition of the collection also play a role – a collection of rare gold coins may be assessed differently from a collection of circulating coins. Security measures taken are also crucial: storage in a high-quality, certified safe has a positive effect on the premium, while less secure storage may lead to higher costs or even exclusion criteria. The chosen deductible in the event of a claim also influences the premium: a higher deductible results in a lower premium. The desired scope of coverage (e.g., all-risks coverage, worldwide protection) is another pricing factor. At nextsure, we place importance on transparent calculations. Request a personalised quote to find out the exact costs for the optimal protection of your coin collection.
Choosing the Right Coin Insurance: The 6 Most Important Expert Tips
Choosing the right coin insurance is crucial for the optimal protection of your valuable collection. Consider the following expert tips: 1. Examine the coverage closely: Does it include all-risk coverage or just a catalog of defined risks? Are specific risks like simple theft or transportation damage covered? 2. Ensure an adequate sum insured and flexible adjustment options to account for increases in the value of your collection and to avoid underinsurance. 3. Understand the insurer's security requirements: What are the requirements for safes or alarm systems and can you meet them? 4. Inform yourself about the conditions in case of damage: What is the deductible? Is compensation made at new value, market value, or replacement value? 5. Evaluate the service and expertise of the provider: Does the insurer offer expert advice specifically for numismatists? Is claims processing transparent and customer-friendly? 6. Compare not just the price but the entire service package to find the coin policy that best suits your individual needs.
How does coin insurance differ from my home contents insurance?
nextsure presents itself as your digital-first partner for specialised insurance solutions, and this certainly applies to your coin insurance as well. We offer you a fully digital experience that saves you time and provides maximum transparency. The conclusion of your coin insurance can be conveniently completed online, supported by clear information and, if needed, our experts. After the contract is concluded, you always have access to all your contract documents, insurance conditions, and premium invoices through our secure customer portal. Changes to your personal data or adjustments to the sum insured, for example, due to acquisitions or an increase in the value of your collection, can be easily initiated digitally. You also benefit from our digital processes in the event of a claim: Claims can be reported quickly and easily online, including the upload of relevant documents. Our digital approach is complemented by competent advice via telephone, chat, or video call, ensuring you always find the right contact for your concerns.
