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Should I Have My Antiques Appraised for Insurance Purposes?

Harrison Appraisals

In this blog entry, we’ll discuss whether a person should get their antiques appraised for insurance purposes. A current appraisal will help ensure that your insurance coverage is appropriate, and that you’re not paying high premiums for something that has actually depreciated in value over time.

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Fine Art Insurance 101

Fine Art Estates

A provider evaluates the risk, provides a quote, issues coverage, and, in the event of a covered loss, pays the coverage set forth in the policy. Of the two, the “All-Risk” policy usually provides broader coverage for a homeowner. In the event of any covered loss, a deductible will be applied.

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“Appraising in the World of the High-Net-Worth Client”

Art Advisor's Blog

While most homeowners carry insurance on their homes that includes a small percentage of coverage for personal property, HNWIs may need to add Private Collections Insurance. Such coverage is much more comprehensive protection against loss. It usually covers natural disasters such as windstorm, earthquake, etc.