“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
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 after a covered loss. Low deductibles are particularly valuable for smaller claims or items susceptible to damage (e.g., sneakers or comics).
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.
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. Another collector with a high deductible lost a watch to theft and had to absorb most of the loss themselves, regretting not choosing a zero‑deductible option.
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.
Q: Do no‑deductible policies cost more?
A: Premiums might be slightly higher, but generally the goal of a deductible is to reduce the claim frequency of smaller damage related claims.
Ready to protect your collection?
Collectors can request a quote in minutes through WAX’s digital platform, and brokers can contact us to structure no‑deductible policies.
