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Why do you need to have extra insurance coverage for fine art & jewelry?

International Society of Appraisers

” Specifically, many people may not realize that traditional homeowners insurance policies typically have coverage limits that may not be sufficient to adequately protect high-valued property such as fine art, jewelry, or luxury items.

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Why Art Collectors Need the Right Insurance

Veritas Art Appraisals

Some of the most common questions advisors hear from clients about their fine art and collectibles are, “Does my homeowner’s insurance provide coverage for my artwork? A typical homeowner’s insurance policy affords you a little bit of coverage. Do I need a special rider?”

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Insurance Appraisals: Safeguarding Your Art Assets

JSK Fine Art Appraisals

In this blog post, we explore the crucial role of insurance appraisals in safeguarding your art collection, providing insights into why this process is indispensable for every art enthusiast and collector. Accurate Valuation for Adequate Coverage: The art market is dynamic, with values fluctuating over time.

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Replacement Value Appraisal vs. Fair Market Value Appraisal: Understanding the Difference

ValuePros Appraisal Services

In this blog post, we will explore the distinctions between these two appraisal methods, helping you understand when and why each one is used. – It is typically used for insurance purposes to ensure adequate coverage. – Ensuring that the insurance policy covers the cost of replacing items in case of loss or damage.

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Where To Buy Diamond Jewelry?

La Jolla Gem Appraisal

Choose an insurance company: Not all insurance companies offer coverage for jewelry, so be sure to research and choose a reputable insurer that specializes in jewelry coverage. Look for a company with good customer reviews, a solid financial rating, and a policy that covers loss, theft, and damage.

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Art Peritus Art Industry Spotlight: Katja Zigerlig of Berkley One

Art Peritus

Appraisals are important not only to make certain you are appropriately insured, but it can also help you make smart decisions about charitable donations, gifts to family members or making the decision to sell the work. B: When considering insurance, what is the difference between Blanket and Scheduled insurance coverage for collectibles?

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Insuring and Valuation Updates in more Dynamic Markets

ValuePros Appraisal Services

Valuable individual items must be scheduled (premiums paid) because they can well exceed the limited amount of coverage for that category of item under a blanket or umbrella homeowner’s policy. A standard homeowners insurance policy doesn’t completely protect the investment of a wine collection.