From jewels to vintage timepieces…
The demand for high net worth insurance has peaked since the pandemic, with people having more time on their hands to do intensive research into products, investments and overall coverage. According to Watkins Insurance Group, the collectibles insurance market is booming, with the market size expected to exceed $1 trillion by 2033 – with the sports memorabilia segment alone projected to be worth $227.2 billion by 2032.
Speaking to IB, Jeffrey Atry (pictured), VP, Private Client Group at NFP, said clients are investing