Luxury Handbags & Couture Insurance: WAX Coverage for High‑Fashion Collectors

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Luxury Handbags & Couture Insurance: WAX Coverage for High‑Fashion Collectors

Insurance, Luxury Assets & Collectibles

Published on: Oct 31, 2025

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Luxury fashion is more than an indulgence—it’s an asset class. The designer handbag market was worth $72 billion in 2022 and is projected to surpass $100 billion by 2027. Haute couture was valued at $11 billion in 2022 and is expected to reach $15 billion by 2026. A Louis Vuitton bag retailed for $1 million.

“High-fashion pieces are personal expressions and investments. We speak the language of fashion enthusiasts and deliver insurance that respects the craftsmanship and story behind each handbag and garment.”
Angel Garcia, Customer Success Lead


Unique Risks

  • High mobility: Fashion pieces travel to events, photo shoots and trunk shows; homeowners policies often exclude off‑premises losses.

  • Value fluctuation: Limited‑edition releases and vintage resale markets move quickly. Insurance needs to adapt.

  • Accidental damage:  Accidents happen, even to your most cherished possessions. 


WAX Fashion Coverage

  • Scheduled or blanket policies: Protect individual pieces or entire collections.

  • Worldwide all‑risk protection: Covers fire, theft, vandalism, water damage, natural disasters and transit losses.

  • Automatic coverage for new purchases up to 25% of the category limit.

  • Expert resources: Assistance with appraisals, authentication and sourcing replacements.

Your style deserves an equally polished insurance partner—WAX is at your service.


Real‑World Case Study

One fashion collector had their limited‑edition handbag stolen during international travel. WAX not only reimbursed them for the bag’s current auction value but also assisted in sourcing a comparable piece on the resale market. In another case, an uninsured couture dress was ruined by sudden rain while being transported to a photoshoot; the owner faced a total loss.


Frequently Asked Questions

Q: Do I need separate coverage for shoes and accessories?
A: Shoes, belts and small accessories can be included under the same fashion policy.

Q: Does WAX insure limited‑edition streetwear?
A: Yes. Streetwear can be scheduled or blanket‑insured like handbags.

Q: Does WAX insure items kept in a storage unit?
A: Yes. WAX covers handbags, shoes, and accessories stored in private or professional storage facilities.


Ready to protect your collection?

Collectors can request a quote in minutes through WAX’s digital platform; brokers can contact us for fashion‑specific coverage.

About Collector Intelligence

Collector Intelligence is the cultural extension of WAX Collect — built for collectors, by collectors. It reflects our belief that protecting what you love starts with understanding what it means to own it. More than content, it’s a trusted source of insight and discovery that proves WAX isn’t just an InsurTech company — we speak the language of modern collectors and share their values.

© 2025

All Rights Reserved

About Collector Intelligence

Collector Intelligence is the cultural extension of WAX Collect — built for collectors, by collectors. It reflects our belief that protecting what you love starts with understanding what it means to own it. More than content, it’s a trusted source of insight and discovery that proves WAX isn’t just an InsurTech company — we speak the language of modern collectors and share their values.

© 2025

All Rights Reserved

About Collector Intelligence

Collector Intelligence is the cultural extension of WAX Collect — built for collectors, by collectors. It reflects our belief that protecting what you love starts with understanding what it means to own it. More than content, it’s a trusted source of insight and discovery that proves WAX isn’t just an InsurTech company — we speak the language of modern collectors and share their values.

© 2025

All Rights Reserved