How to Insure a Stamp Collection

Written by charlie gaston
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How to Insure a Stamp Collection
Ensure your stamps against theft. (stamp image by hugy from

Collecting stamps requires a great deal of skill and know-how. Not only must you research and track down rare stamps, but you must also maintain your collection so it remains in excellent form. The better the condition of your stamps, the more money you may be able to net in the future. Protect your investment with insurance. While you may assume homeowner's insurance covers your collection against a range of accidents, it is not uncommon for homeowners to discover that areas such as flood damage are not covered.

Skill level:


  1. 1

    Estimate the value of your collection. Find the value of your stamps using an online valuation site (See Resources 1) or hire an appraiser. Dealers who belong to the American Philatelic Society are also available for hire to value stamps.

  2. 2

    Select a specialised insurance policy for your stamp collection. Find an insurer that specialises in collectibles. Go to your state's department of insurance and perform an insurance company search by organisation type and lines of business.

  3. 3

    Determine the amount of insurance you need. Build your coverage around your homeowner's coverage, if you have it. For example, homeowner's insurance may not cover against accidental breakage or damage from certain natural disasters. Choose a policy that picks up where your homeowner's policy leaves off. If you do not have homeowner's insurance, consider getting complete coverage.

  4. 4

    Complete an inventory of your collection. An inventory can expedite the payment of claims if damage or loss occurs. An inventory is not always required to obtain insurance coverage, but maintaining one provides proof of the stamps in your collection.

  5. 5

    Apply online, by mail or over the phone. Make your first payment to initiate coverage. Be sure to mail a copy of your inventory to your insurance provider.

Tips and warnings

  • Store your stamps in stamp albums to prevent water and moisture damage.

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