JOHNNY LIGHTNING TEAMS WITH AMERICAN COLLECTORS INSURANCE TO OFFER NEW COLLECTOR PROTECTION
OAK BROOK, IL – (January 29, 2008) - Johnny Lightning (www.johnnylightning.com) today announced a new partnership with American Collectors Insurance to help inform its collectors about options for protecting their valuables. While many collections begin as labors of love, the size and value of collections can both grow rapidly, making American Collectors’ specialized collectibles cover age program a significant next step in maintaining the enthusiast’s collection.
Consumers may be able to add collectibles coverage to a homeowner’s policy, however the key to American Collectors’ program is the specialized coverage it offers.
“Homeowner’s insurance is meant to specifically protect the home and its contents. The policy is usually quite limited in its ability to cover collectibles,” states Laura Bergan, Director of Marketing for American Collectors Insurance, “Even if collectibles are covered by the homeowner’s policy, the normal exclusions - such as accidental breakage, flood and earthquake - will apply. Additionally, homeowners insurance will not typically cover collector market value and normally a big deductible - $500 or more - applies.”
Since 1976, American Collectors Insurance has provided a program of affordable, specialized coverage for collector vehicles nationwide and expanded its insurance programs to include automobilia and other collectibles because of the tendency of classic car owners to collect automotive-themed memorabilia. The policy for collectibles provides coverage for loss or damage caused by accidental breakage, fire and theft, as well as natural disasters such as windstorms, earthquakes and floods.
“American Collectors’ program is a great fit for Johnny Lightning and we’re excited to be working with them,” said Tom Zahorsky, Johnny Lightning Senior Designer, “Both companies share the same dedication to providing superior products and services to passionate collectors. We know that collectors are extremely passionate about their collections, and now with an American Collectors policy, they can go that extra step to protect what they love.”
Why should collectors consider collectible insurance? There are five good reasons:
- Collectors often spend large amounts of time and money on their collections, without realizing that their collections may be seriously uninsured or underinsured
- Because American Collectors specializes in insuring collectibles, its policy is designed with the needs of collectors in mind
- In the event that a collector does need to make a claim on his policy, the deductible is just $100 per occurrence
- Coverage is affordable. In most states, $10,000 of blanket coverage can be purchased for just $75 per year. Additional coverage is available for collections which exceed $10,000 in value
- It’s hassle-free. Most collectors can apply over the phone or online to obtain coverage
For additional information, please contact American Collectors Insurance at 1-800-360-2277 or email info@americancollectors.com.
About Learning Curve Brands, Inc.
Learning Curve Brands, Inc. (www.learningcurve.com) is a wholly owned subsidiary of RC2 Corporation (NASDAQ: RCRC, www.rc2.com) and is a leading designer, producer and marketer of innovative, high-quality toys, collectibles, and infant products that are targeted to consumers of all ages. Learning Curve Brands, Inc. markets its infant, toddler and preschool products under its Learning Curve® family of brands which includes The First Years® by Learning Curve and Lamaze brands as well as popular and classic licensed properties such as Thomas & Friends, Bob the Builder, Winnie the Pooh, John Deere, Nickelodeon and Sesame Street. The Company’s youth and adult products are marketed under the Johnny Lightning® (www.johnnylightning.com) and Ertl®, (www.ertl.com) brands. Learning Curve Brands, Inc. reaches its target consumers through multiple channels of distribution supporting more than 25,000 retail outlets throughout North America, Europe, Australia, and Asia Pacific.
About American Collectors Insurance, Inc.
American Collectors Insurance, an industry leader and innovator since 1976, specializes in insurance for collector vehicles and collectibles. Based in Cherry Hill, NJ and licensed in 48 states, American Collectors offers products directly to consumers, as well as through independent insurance agents and brokers. For more information, visit www.AmericanCollectors.com or call 800-620-9223.