Why valuation matters - Homeowners policies often impose high deductibles and calculate payouts on an actual cash value basis, which subtracts depreciation. In contrast, specialized collectibles policies can use agreed value or current market value and offer low-deductible options.
How WAX Delivers
- Agreed value up to 150% - For scheduled items, WAX pays the agreed value at the time of policy inception and may pay up to 150% of that value if the market appreciates.
- Market-value options - For blanket policies, WAX determines the value at the time of loss based on auction records and market indices.
- No-deductible choices - Clients can select zero or minimal deductibles to ensure full reimbursement.
- Separation from homeowner premiums - Claims filed under a WAX policy do not affect homeowners insurance premiums.
- Flexible payment plans - Annual or 10-monthly payment options help manage cash flow.
"Transparency and fairness are at the heart of our product. We designed our agreed-value and no-deductible options because collectors shouldn't have to compromise when protecting what they love.". Steven Bass, COO
Real-World Case Study
A collector scheduled a rare comic with an agreed value of $200,000. When the market spiked, WAX paid $300,000 after the book was destroyed in a flood thanks to the 150% appreciation clause.
Frequently Asked Questions
Q: Can I choose a zero deductible for only some items? A: Yes. You can tailor deductibles by item or category.
Q: What happens if the market value drops? A: Agreed-value policies lock in a fixed payout regardless of market fluctuations.
Ready to protect your collection?
Collectors can request a quote in minutes through WAX's digital platform, and brokers can contact us to discuss multi‑asset coverage. WAX is your trusted partner for safeguarding every facet of your collection.
