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Your Labubus and Jellycats could be worth thousands and should be insured

Your Labubus and Jellycats could be worth thousands and should be insured

Daily Record4 days ago
A child-sized Labubu recently sold for more than £110,000.
You've probably heard of Jellycats, the popular (and very expensive) cuddly toys with cute smiley faces. And unless you don't spend any time at all online or on social media, you've definitely heard of the latest toy trend that's taking the world by storm - the Labubu doll.
Fueled by online hype, celebrity backing and limited-edition drops, a new wave of must-have toy collections is captivating all ages, all over the world. But while these toys are moderately expensive to begin with, they can be worth thousands as collectibles.

Anda money expert is urging owners to insure their precious Labubus and Jellycats, should anything happen to them. MoneySuperMarket 's analysis of its home insurance data shows a 30 per cent decline in people insuring traditional collectibles such as wine and stamps.

But as the craze for limited-edition toy collectibles takes off, theinsurance experts are urging collectors to protect their prized pieces with cover that shields against theft, loss, or damage.
Kara Gammell, Insurance expert at MoneySuperMarket explains: 'The first step to protecting your collection is finding out its total value."
There are several ways you can value your Labubu or Jellycat collection:
Get a valuation from experts - specialist dealers and auction houses can usually offer valuations for collectable items.
Use an online valuation service - this can be a more convenient way to seek valuations.
Research sale history - specialist dealers or even websites like eBay can give you data on how much people are paying for items like yours.
It's also important to check if your home insurance covers collections.

Kara continues: 'Most standard home insurance policies include cover for collections, however, all policies vary - including the single-item limit which refers to the amount you can claim for any one item. Depending on the provider and policy, per-item limits usually range between £1,500 and £2,500.
"It's important to check your policy documents to be sure on the level of cover, and update it with any new additions to your collection that could exceed the single item limit to ensure you're fully protected.'

Labubu hooks collectors with its unpredictable blind‑box drops and rare limited editions. Therefore, despite a single toy costing £13 - £60 on sites like Pop Mart, rare ones are selling for more than £1,000 on eBay.
Recently, the Labubu craze reached new heights when a child-sized toy sold for more than £110,000 at an event dedicated to the collectibles, according to the money experts.
Kara adds: 'Most contents insurance policies cover items on a 'new-for-old' basis - meaning if something's damaged, it'll be replaced with a brand-new equivalent, no matter its age.

"According to MoneySuperMarket's data, the average replacement cost for comic collections hit £30,000 in May 2025. Toy collections might not reach such a high value, but if you are an avid collector of anything - especially more expensive limited edition items, it's important to make sure you've got the right insurance in place in case something does happen.'
With collectable toys like Labubus becoming a popular accessory to be worn on bags and purses, Kara explains how you can also protect your items outside of the home and on-the-go.
She said: 'Personal possessions insurance covers your personal belongings against loss, damage, or theft when you take them outside of your home. This makes it a different type of protection to home contents cover, which pays out if your belongings are stolen or damaged within your home.
"The items covered vary from one policy to another, and you may need to specify individual items in your collection to ensure you're fully protected.'
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