The InsurTech and specialty MGU focused exclusively on collectibles lets collectors choose the coverage, and the cost, that fits their collection
NEW YORK, Nov. 13, 2026 /PRNewswire/ — WAX Collect, the InsurTech focused exclusively on luxury assets and collectibles, today announced it is becoming a specialty managing general underwriter (MGU) with the launch of WAX Flex™, its first product built from the ground up. For watch collectors, WAX Flex is the first modular watch insurance solution, letting them tailor coverage to their risk tolerance and budget. It arrives alongside WAX Classic™, the comprehensive option, so collectors can choose, or combine, the protection that fits how they collect.
Watch collectors rarely have one kind of risk. A daily wearer, a watch that travels and a grail that stays in the safe each carry a different exposure, yet specialty insurance has long treated them as one package: the same coverage, the same payout and the same price. WAX Flex changes that. Collectors shape their coverage and see exactly how each choice affects their premium.
“Watch collectors live with their pieces, and no two collections carry the same risk,” said Rich Vinhais, CEO of WAX Collect. “We spent five years listening to collectors, and one truth stood out: the most serious collectors are price sensitive and want optionality. They want to invest in their next piece, not their premiums, yet they will never compromise on protection against what they fear most. WAX Flex is our answer. It keeps the same protection against theft, damage and natural disasters, and puts the savings back in the collector’s pocket. Collectors save more by insuring multiple categories, because collectors collect widely over a lifetime. WAX Classic remains our comprehensive coverage. Together, they put collectors in full control of the risk they carry.”
Built Around the Collector, Priced for Value
Collectors save by paying only for the coverages they choose, through three levers:
- Optional add-ons. Choose to include Checked Baggage and Unattended Auto coverage, and pay only for the risks that apply.
- Market-value protection. If an item has appreciated since it was scheduled, choose a payout of up to 100%, 125% or 150% of its scheduled value, up to its documented market value at the time of loss, subject to class limits.
- Multi-category discount. Insure up to three collecting categories with WAX and the rate improves.
Optional coverages are available on schedules of three or more items.
Flex is written on surplus lines paper backed by an AM Best A+ (Superior) rated carrier partner, with agreed value and worldwide coverage. Collectors who qualify can pair it with WAX Classic, which includes every protection by default, choosing one or combining them to fit their collection and lifestyle.
For many collectors, protection does not stop at the collection. WAX also offers commercial insurance for retailers, dealers and marketplaces. Many WAX collectors are business owners, physicians, attorneys and leaders who asked for help protecting their businesses, so WAX invested in the platform and carrier partnerships to deliver it. WAX is proud to protect both the collectors and the businesses that make collecting possible.
About WAX Collect
WAX Collect is the InsurTech and specialty MGU focused exclusively on luxury assets and collectibles, from watches and jewelry to trading cards, art and memorabilia. It serves more than 10,000 collectors, with nearly $2.5 billion in collections catalogued on its platform and 150+ partner agencies, and offers commercial insurance to retailers, dealers and marketplaces.
Learn more at waxcollect.com
Media Contact:
Rich Vinhais
WAX Collect
323) 817-0286
426199@email4pr.com
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SOURCE WAX Collect
