“From limited drops to coveted grails, sneaker culture is in our DNA. WAX’s sneaker coverage speaks your language—helping you protect every pair without slowing your hustle.”
— Angel Garcia, Customer Success Lead
Why homeowners insurance isn’t enough – Standard homeowners policies often limit coverage for footwear or consider sneakers as clothing, capping payouts at a few hundred dollars per pair. They typically exclude coverage outside the home and during transit, and claims can raise homeowners premiums. WAX’s sneaker collection policy offers worldwide all‑risk protection, including coverage for investment‑grade sneakers stored in off‑site vaults or on display at conventions.
Key coverages and benefits
Worldwide transit and exhibition coverage – Protects sneakers during shipping to authentication services, exhibitions or resale platforms.
Agreed‑value coverage – Policies reflect current market values based on recent sales data. WAX accepts third‑party authentication and market‑tracking platforms to value rare pairs.
Automatic additions – New acquisitions are automatically covered up to 25% of the category limit.
Low‑deductible options – Collectors can elect a zero or minimal deductible.
Combined coverage – For collectors who also hold watches or art, WAX can bundle assets under one policy.
Real‑World Case Study
A sneakerhead’s storage unit was burglarized, and a dozen high‑end pairs vanished. Because each pair was scheduled with WAX, the collector received full market value and could rebuild their collection. We also know of a case where a shipment of exclusive kicks was lost during transit; lacking specialized insurance, the seller had to reimburse buyers out of pocket.
Frequently Asked Questions
Q: Are worn sneakers covered?
A: Yes. WAX covers DS and lightly worn pairs; claims are settled based on market value and condition.
Q: Can I insure my collection if it’s stored in a vault?
A: Yes. WAX covers on‑site and off‑site storage.
Q: Are sneaker collections of any size eligible?
A: Yes. Policies can start at a few pairs and scale to hundreds.
Ready to protect your collection?
Collectors can request a quote in minutes through WAX’s digital platform, and sneaker resellers or brokers can contact us to design coverage.
