How to Better Protect Your Valuables and Collections With One Addition to Your Home Insurance

Make this one addition to your home insurance policy to ensure that your valuables and collections are insured for what they're worth.
Categories: Personal Insurance
Nov 6th, 2018 | By: CapriCMW

If you’re a collector of jewellery, fine art, wine or any other rarities and valuables, you’ve devoted substantial time, resources and passion into building your collection. Along with all the steps you take to physically protect the integrity of your prized collectibles, it’s just as important that you’re insuring your collection for what it’s worth.

Although home insurance policies have some personal property protection, they're usually limited to coverage of a few thousands dollars, and there may also be individual limits per item. At CapriCMW, our Risk Advisors bring decades of experience and expertise in protecting private collections, and we often find that collectors are severely underinsured.

It is highly recommended that collectors add a schedule to their home insurance policies that lists out each individual item. Scheduling items provides higher limits and broader coverages, and accounts for the value of each piece in your collection. The values listed are based on a professional appraisal, ensuring an accurate, updated assessment of each item's worth.  Depending on the value of your collection, you may still need to secure a separate insurance policy for your collection.

CapriCMW Risk Advisors provide personalized, professional advice on insurance options and limits that are best for you, as well as ongoing education and resources for personal asset protection. Contact us today for more information.

 

Recent Blog Posts

Business Insurance / Construction, Directors and Officers Liability
Why Construction Businesses Need Directors & Officers Liability

There has long been a misconception that claims against directors and officers only affect public…

Jun 12th, 2019 | By: CapriCMW Construction Team
Employee Benefits / health insurance, biosimilar, biologic
BC Becomes First in Canada to Adopt Biosimilars Over Biologics Under Public Health Plan

The BC government announced on May 27, 2019 that its PharmaCare public drug plan would cease…

Jun 5th, 2019 | By: CapriCMW
Business Insights / corporation, directors and officers
Federal Government Proposes Significant Changes to Canada Business Corporations Act

Proposed changes to the Canada Business Corporations Act (CBCA) could have a significant impact on…

May 29th, 2019 | By: CapriCMW
photo-10.jpg

Confidence and Freedom

At CapriCMW, we provide personalized insurance and custom risk solutions to give you the confidence and freedom to focus on what matters to you. Talk to an Advisor or get a quote today.

Get a Quote    Or call 1-800-670-1877

Can’t find what you are looking for? Ask us!