Insurance Appraisal Services

Are You Covered?

Almost invariably, standard homeowners policies have strict limitations on the coverage provided for certain types of personal property. Fine art, antiques, jewelry, stamps, coins, guns and other collectibles are frequently only covered up to $1,500 – $2,500. If the cost to replace these kinds of items in your collection exceeds the limits of that policy, you should consider purchasing an extended coverage endorsement or a personal articles floater to cover them more effectively.

Insurance companies require an insurance appraisal for items with replacement costs over a certain amount such as $3,000 or 5,000. They also ask you to update your insurance appraisal every 3-5 years.

WorthWise Art and Antiques Appraisers can help you determine if you need a new or updated insurance appraisal for these types of high value items.

Don’t Wait Until It’s Too Late!

All too often, the notion of insuring our fine art, antiques and other art objects works doesn’t occur until after we’ve experienced an incident of loss or damage. Having the foresight now to insure the value of these items avoids the cost of the lesson to replace them after being lost.

Getting your insurance appraisal now will:

1. Enable you to have the correct amount of insurance for your property.
2. Provide you with proof of the existence of your property in the event of a total loss.
3. Provide you with proof of the property’s pre-existing condition in the event of new damage or a total loss.
4. Facilitate your claim settlement process by providing detailed inventories, descriptions and replacement costs for the items lost or damaged.