Valuable Articles
Our risk management advisors will work endlessly to make sure you receive personalized solutions that fit your needs and your risk tolerance. We provide ongoing education to our clients so they better understand the emerging risks and solutions available to them to make smart choices in how to avoid or transfer risk exposures. No matter what your collectible passion may be, we want to make sure you have the best coverage for your valuable articles. Typically, we insure these items on a blanket or itemized schedule without a deductible or requirements to repair or replace any specific item. In addition, we look to provide coverage on a worldwide basis.
Aren’t these items covered under my home policy’s contents limit? It is a common misconception that we often hear new clients ask. Yes, there is coverage but often it is not enough. Any home policy, no matter what the carrier may be, includes a portion of the contract called sub limits. This limits the amount of coverage for high valued items that can add up quickly.
These are common types of collections that we recommend breaking out onto a separate valuable articles policy:
- Jewelry
- Fine Art
- Antiques
- Silverware
- Wine
- Firearms
Items to consider:
- Proper coverage for your jewelry while traveling
- Exposures for large, complex collections
- Maintenance of your extensive wine collection
- How to choose a storage locker for your valued possessions
- How often to have items appraised
- Proper placement and hanging procedures for your fine art
- How to address items in transit
- Coverage options and availability for valuable articles being loaned out to a museum or institution
All these scenarios pose opportunities for implementing proactive measures to prevent damage from happening in the first place. Our Private Client Services team will provide the risk management guidance needed to care for your valuable articles.
Interested in having a conversation about your passion collection? Give us a call or shoot us an email!
