When it comes to basements, I have a very strong opinion, I do not like them (my house is built on solid basalt, so no chance for a basement for me). I have seen a lot of artifacts destroyed by water when a pipe or water heater failed. One case involved several hundred tunics dating from the Franko-Prussian War to WWII. In this case, the owner was compensated by insurance, but the insurance company would not pay for dry cleaning of any of the old wool coats, after all you could buy them at the second hand store for less than the cost of dry cleaning. He did have some of the most valuable tunics cleaned on his own. The insurance adjuster was shocked when the value was presented for the lot. I might add that Jeff and AGM were instrumental in the must settlement by providing a bunch of past catalogs to value the loss.
If you store you collection in the basement, be sure that you have a working shut off valve for your water, always shut off the water when you are going to be away from you home for any extended time, and besure to cut the power to the water heater too, or you will be replacing the elements if the water level drops below them while the water is off. A few hours with a broken 3/4 inch water line at 40 lbs. will cover the floor of a large basement, but it will take longer for the water level to reach most items in a collections room. In the case of my friend, they were gone for several weeks, and a very small crack in a pipe filled the basement to 5 feet in depth. Nothing stayed dry.