Collectibles Insurance Underwriting
Captivate Collectors with Orion180: A Goldmine for Your Agency
Imagine a policy so collector-friendly, it practically sells itself. Introducing Orion180 Collectibles Insurance – comprehensive coverage, zero serial numbers for most items, and competitive rates that will earn praise from your clients, ultimately contributing to the enhancement of your commission checks.
Why ORION180?
Here are three key reasons highlighting how we've streamlined the quoting process for both you and your clients:
Effortless Selling
No tedious paperwork, just satisfied collectors raving about hassle-free coverage. Say goodbye to red tape, hello to happy customers.
Broad Appeal
From vintage Barbies to first-edition Tolkien, we cover a wider range of collectibles than your average insurer. More clients, more wins.
Superior Expertise
Our innovative technology will guide your clients through every step, making you look like the insurance hero they always needed.
Quoting Made Easy
We’ve made the quoting process seamless and easy for both you and your client to determine the value of your client’s collections and the right coverage through the Orion180 MY180 portal. Chat with an Orion180 Territory Manager today for more information.
Underwriting Guidelines
Who We Insure
- Collectors of various items, including stamps, vintage toys, wine, and more.
- Clients of agents in states where Orion180 offers HO-3 homeowners insurance.
Who We COVER
- Comprehensive protection for valuable collectibles against loss, theft, and damage.
- Click here to get the complete list of collections we cover.
Eligibility
- Must be an existing Orion180 HO-3 policyholder.
- Collectibles must be properly documented and appraised. Appraisals are only required for items valued at more than $25,000.
- Specific eligibility criteria may vary by type of collectible.
BENEFITS
- Specialized coverage tailored to individual collections.
- Peace of mind for collectors and their investments.
- INELIGIBLE RISKS
- Ineligible Collectible Item/Collection
- Risks in Flood Zone A or V –can write as an exception with water exclusion Bullion
- Explosives
- Furs
- Gold
- Insects
- Jewelry – unless part of a collection
- Live animals
- Motor vehicles, motorcycles, all-terrain vehicles (ATV), motor homes, mobile/manufactured
- Homes, scooters, and golf carts
- Perishables, except wine and liquor, which are eligible
- Plants
- Watches
- INELIGIBLE CONDITIONS
- The following ineligible conditions shall be underwritten by the MY180 system, as such risks are ineligible for this program.
- Coverage refused, cancelled or non-renewed
- Decline risk with claim frequency/severity or fraud
- Risk cannot have more than two lapses for non-payment; this is a negative risk
- Characteristic
- Bankruptcy
- Bankruptcy filed in the last 5 years
- Prior losses (Either or Both)
- Any risk with a loss greater than $25,000 in the past 5 years
- 2 claims in 5 years
- Storage of collection
- Collection may not be stored outside
- Insured may not be a convicted felon
Coverage and Deductible Options
Unscheduled Item(s)
$5,000 - $24,999
Scheduled Item(s)
$25,000 - $50,000
Deductible
$50 - $20,000
Discounts
The types of safeguards:
- Safe requirements – 300 pounds, empty, no wheels, with a combination/digital lock
- Vault requirements – metal door, 3” walls and no windows
- Alarm requirements – must report to central station or police/fire departments
Contact an Orion180 Territory Manager for more information
New Agents
Partner with Us
If you are ready to Do More, Give More and Be More to your insureds, we invite you to partner with Orion180 and
Expect More of your relationship with us. If you are already a trusted partner, we invite you to contact us for additional training on our products and technology; we are ready to Be More for you!