Talking about Fine arts and Antique insurance is all about covering for paintings, pictures, engravings, art glasses, antique furniture, ancient coins, and stamps that are owned personally by someone or by businesses. Incase these antique pieces are owned by any dealers or auction firms then they won't be covered. Such coverages are offered at an all-risks basis with some exceptions like ordinary breakage, wear and tear, war, nuclear devastations etc. Therefore the policy demands every item that has to be covered to be enlisted and evaluated properly. We need to be very careful about preserving these assets as they not only add to our treasure but also helps the world recognise our identity.
Posted: 26 May 2006 06:54 Post Subject:
I have some antique pieces at home...but they're not too many in numbers and I take good care of them. Do I still need to apply for an antique insurance ??
Posted: 26 May 2006 08:12 Post Subject: understand the possibilities
My friend, I'm sure that its time for you to understand the possibilities of a burglary or a theft being carried out on your place even though it might seem to you as the safest haven. Even if that's a rarest of chances you might come across some other factors causing damages like fire, storms and flood.
Under such circumstances a financial compensation could be expected from an antique insurance. It could be looked upon as a form of support towards an untoward event that befalls in spite of taking all possible precautions.
Posted: 26 May 2006 09:01 Post Subject: Please help !
My friends are suggesting that I should maintain absolute privacy in terms of the true worth of my possessions while getting them listed.
But do I need to disclose the true value of my possessions to my insurer ? Does it really help if I arrive at a true and fair value of my antique pieces ?
Please help !
Posted: 26 May 2006 09:27 Post Subject: NO need of a detailed account...
Yes its quite true that you need to maintain absolute prudence about your possessions and their true worth in order to avoid burglary or theft. You need to hide an open display of your precious jewelry in public places. In doing so you need to make sure that the detailed worth of your valuables have been kept secured separately. You don't need to provide your insurer with a detailed account of the valuation of your possessions . Incase you feel otherwise you might well be inviting advances from thieves or burglers. Let me also clarify over here, that any evaluation done to your antique pieces or works of art would definitely enable you to know their true worth and vivid description of each of the items. Hence in doing so you'd be reducing the chances of any untoward incident coming your way, if you could mark each of the items properly.
Posted: 26 May 2006 10:03 Post Subject:
Incase I'm at a loss I don't wanna get into any dispute with my insurer....now, how do I confirm the valuation of my claim to my insurer under such circumstances ?
Posted: 26 May 2006 10:36 Post Subject: make a note of all the minute details of that incident !
I'm sure whenever you're facing such an adverse situation you'd be careful to note all the minute details of that incident and also take down photographs which would later enable you to support your claim. Its quite natural that the insurers would be willing to reimburse for an amount as per the valuation done to the related item. In order to ensure that the insured gets the item evaluated with them, they would also offer discounts in premiums for the insured. This way it becomes easier for the insurers to avoid any kind of tussle with the insured.
Posted: 17 Jun 2008 05:25 Post Subject:
Fine Arts And Antiques Insurance? Sure you have so many types of insurances. I am wondering if there are certain requirements to in order to sell fine arts and antiques insurance. Do the agent needs to take an exam just like life insurance?