Insurance for Limited Edition Sneakers

With the rise in popularity of limited edition sneakers in the U.S., we wanted to highlight the insurance plans that protect your investment.

Cowan Research Equity reports that the U.S. sneaker resale market was worth around $2 billion in 2019, and expects this to grow steadily through 2021 and 2022 to be valued at $30 billion by 2030. It’s easy to see why limited-edition sneakers are being touted as a great investment opportunity. A pair of Nike Air Yeezys which retailed for $200 when they were first released, are now selling for $5,000+

The value of the 2005 “Paris” Dunks averaged between $9,000 to $11,000 on resale markets over the last couple of years. However, the value of these very rare sneakers has jumped to over $20,000 this year which is making the small number of lucky owners a lot of money.

Does Renters Insurance Cover My Limited Edition Sneakers?

The short answer is yes. Almost all of the carriers that offer renters insurance quotes will cover your valuable limited-edition sneakers, as these would be protected under your clothing and shoe coverage. If you have any doubt and happen to own a number of very valuable pairs of sneakers/trainers - we recommend that you specify these and their value, and be sure to keep any receipts for what you paid for them as if there are any issues during the claims process your insurance provider might ask for proof of purchase.

Compare our Renters Insurance quotes by speaking with one of our licensed agents or get a quote online now. We find you the best renters insurance from Lemonade, MetLife (now Farmers Insurance), Nationwide, and many more…