This is an important post, given that many of us seems to have fairly large and valuable (at least to us) collections.
Homeowner's policies offer some protection for personal property (e.g. GAMES), although there typcially is a sizable deductible, and limited coverage. You homeowners had better check your policies carefully. If you live in an apartment, you can get similar coverage for personal property through a renter's policy (guess what? renters almost NEVER carry any insurance!).
The best way to go is to purchase a separate "rider" on your insurance policy (homeowners or renters) that will specifically cover your game collection up to a specified amount. Any insurance broker can assist you with this, and it's not particularly expensive to take out an extra rider for, say, $10,000 on specified personal property.
Also, here's a tip: photograph/videotape your entire collection as clearly as possible -- this solves a lot of problems that may arise in the event you have to make a claim on an insurance policy. Along this line -- DON'T STORE THE PHOTOS/TAPES IN YOUR HOME!! -- they generally get destroyed along with your other property when the fire/flood/earthquake occurs.
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