How to properly insure your stamp collection

Despite its preconceptions, insurance is generally uncomplicated and can protect collectors against significant loss, according to retired insurance broker and philatelist Garfield Portch, who has more than 25 years of professional insurance experience.

Insuring a stamp collection is the same as insuring anything else you own. Similar to insuring a house, its contents or any other personal possessions – excluding your car, which is mandatory – a stamp collection can be insured for a “catastrophic loss.” “Whether you have it or not is a question of whether you want to face your loss or share your misery with someone else, namely an insurance company,” said Garfield Portch, a retired insurance broker who manages member and chapter insurance plans for The Royal Philatelic Society of Canada’s (RPSC). Continue reading →

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