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

International Society of Appraisers

One question you should ask yourself is “am I properly insured if something catastrophic happens?” ” Insurance companies often require an appraisal before providing coverage for fine art and jewelry.

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Passion Assets: A True Love of Collecting

Art Peritus

These assets reflect an owners personal interests or hobbies and span diverse categories, including fine wine, classic cars, rare watches, couture clothing and accessories, jewelry, rare stamps, coins, and, of course, art and antiques. This makes it critical to secure proper coverage.

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Where To Buy Diamond Jewelry?

La Jolla Gem Appraisal

Where To Buy Diamond Jewelry? June 24, 2023 Home Where To Buy Diamond Jewelry? While these brands are renowned for their exceptional quality and craftsmanship, keep in mind that their prices can be significantly higher than those of other jewelry stores.

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Insuring and Valuation Updates in more Dynamic Markets

ValuePros Appraisal Services

Jewelry Jewelry is another category of personal property that is fraught with insurance issues. Insurers often do not accept an appraisal from the source of the jewelry sale when scheduling insurance. A standard homeowners insurance policy doesn’t completely protect the investment of a wine collection.

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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. Every insurance company has a different threshold for the value documentation they would like to see.

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Fine Art Insurance 101

Fine Art Estates

In the event of theft however, other item categories like fine art, jewelry, and furs, have classification limits varying from $500 to $5,000 per category depending on the policy. Types of HO Policies: The two types of insurance policies available to a homeowner are “Named Peril” and “All-Risk.”

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