Can post more if there's any interest
this post was submitted on 19 Aug 2023
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Get insurance on it! Remember that dude whose caught on fire?
Insurance companies aren't really equipped to do a separate policy on a video game collection, even a very valuable one. I've tried; mine's five figures, creeping closer to six. They can do coins for sure, perhaps stamps. Games are too new, though, so they don't have actuarial tables about them.
It is very important to catalog and photograph the individual items in your collection, though. You don't want to try to reconstruct what you had after things go wrong (I've also done this and it was miserable).
All you can really do is make sure the contents limit on your insurance is up to date and you have documentation of what you had. I had to do this with a guy once when I told him his renters policy had $10k of contents coverage. He then told me he had thousands of CDs and DVDs, mid to late 2000's, as he collected them. Updated that to ~$100k real quick.
Maybe you could get a company like Chubb, they have a history or writing strange and expensive things, to write a one off stated value policy but the cost would probably be prohibitive.