Many New York residents are fans of the Yankees. Often this fanatical obsession with their favorite team leads to fans gathering mementos such as balls, jerseys and baseball cards. What may start out as a fun way to keep in touch with the team, can end up as a large collection with a growing value.  The value of some Yankees memorabilia, sometimes becomes a target for thieves. Should such a collection be stolen from your rental premises, your landlord’s insurance would not cover such a loss. This is where a New York renters insurance policy with a floater policy to cover valuable items, could offer you compensation if your collection is stolen or destroyed.

According to an article on Collect-Online.com some of the most valuable items of Yankees memorabilia are Babe Ruth items and include:

1920 signed game bat  - $216.000
702nd  home run autographed ball  -  $230,000
1920/30’s game-worn cap  -  $285,000
1934 Yankees Japanese your jersey  -  $771,000
1932 “Called Shot” Yankees jersey  -   $940,000
1919 Babe Ruth contract  -  $996,000
1923 Louisville Slugger bat  -  $1.26m

Your collection may be quite small in comparison to these, but nevertheless be growing in value and demand. Have your items professionally valued if you are unsure of their current worth. Protect that investment by ensuring you have adequate coverage for personal property and an endorsement for your collection on your New York renters insurance policy.

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