Sports Cards

New Insurance Shields Canadian Sports Memorabilia Collectors

In the hallowed halls where sports history collides with personal passion, Canadian sports memorabilia collectors can now rest a bit easier. NFP, a powerhouse in the field of property and casualty brokerage, has unveiled a new insurance program specifically designed for those who hold dear the jerseys, cards, and autographed baseballs that line their shelves. This isn’t just any insurance plan; it’s a bespoke suit in a world of off-the-rack policies, crafted in collaboration with Berkley Asset Protection to cover those high-value sports collectibles that traditional homeowners’ insurance often leaves high and dry.

Greg Dunn, the Managing Director of Personal Risk at NFP in Canada, is well aware of the stakes. When serious collectors acquire new pieces—often worth more than a sleek car or a small house—standard insurance policies might cover the frame but not the masterpiece within. Dunn points out that the essence of this new program is to fill those glaring coverage gaps. Highlights include automatic coverage for new acquisitions and during transit, protecting these treasures from the moment they change hands.

However, the real game-changer might be the program’s ability to customize. As Olivia Cinqmars-Viau, the Assistant Vice President of fine art underwriting at Berkley Asset Protection, notes, this isn’t a one-size-fits-all scenario. Each collector’s trove is unique, and so too are their insurance needs. This program is designed to provide not just insurance, but peace of mind, shaped to fit the specific exigencies of individual collections.

Steve Menzie, the man at the helm of the Sport Card & Memorabilia Expo, Canada’s largest gathering for aficionados of sports collectibles, is also on board with this new initiative. At his expos, fans and collectors mingle, trading stories as much as cards. Menzie has seen firsthand how collectors view their memorabilia—treasures of personal and sentimental value that also, incidentally, can carry remarkable financial worth. Recognizing the dual nature of these collections, Menzie endorses the NFP and Berkley partnership as an essential step in securing these investments.

In recognition of just how pivotal this program could be, NFP’s Personal Risk team plans to roll out the red carpet at the upcoming Sport Card & Memorabilia Expo in Toronto from April 25-28. Here, collectors can dive deep into the nuances of the new insurance offering and how it can be tailored to safeguard their collections. This proactive engagement at the expo is just a part of NFP’s broader intent to knit itself intricately into the fabric of the collector’s world, addressing needs that are as diverse as the collectors themselves.

This initiative builds on NFP’s formidable presence in Canada, where it employs over 1,000 staff, and globally, with a roster exceeding 8,000. Their expansive understanding of insurance landscape nuances, combined with a deliberate focus on personal risk and specialized coverage, positions NFP as not just an insurer, but as a guardian of cultural heritage—one autographed jersey at a time. Whether it’s a rare mint condition hockey card or a signed baseball bat, Canadian collectors now have a chance to safeguard their treasures, knowing their passion is protected under the vigilant eyes of industry experts.

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