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.