Valuables and Collectibles Insurance for Darien, Ridgefield, and Surrounding Connecticut

 Valuables and Collectibles insurance can provide coverage for possessions such as:

• Wine
• Jewelry
• Art
• Furs
• Silverware
• Coins
• Luxury Watches
• Sports Memorabilia

Options for Insuring Your Valuables

 If you own valuable or collectible items, you may not want to rely solely upon your standard homeowner’s or renter’s coverage. Consider purchasing a valuable items floater policy, either as a standalone policy or as an endorsement/addition to your homeowner’s or renter’s policy This will offer more comprehensive coverage on top of what your renters or homeowner’s policy may provide for you.

Always remember to use a qualified appraiser when insuring your items and to re-appraise them periodically. Update your inventory from time to time to always have accurate data of your valuables.

Here are some of the reasons you should consider having a valuables and collectibles insurance policy:

1. More Comprehensive Coverage
2. A valuables and collectibles policy will typically provide more comprehensive coverage for your valuable possessions than what is available under a standard homeowner’s or renter’s policy. Knowing Your Collection’s Worth

Before you insure your luxury items, you may be required to take an inventory of all your valuables and have them all appraised. Having a licensed appraiser find the accurate financial worth of your collection is important in the insurance process if a covered loss does ever occur. A professional appraiser will be able to detail and document your collection’s worth.

Ways to Help Protect Your Home and Valuables While You’re Away

With high value homes and valuables inside those homes, having a home security system can be a great way to help protect your assets. Having a security system can also help you save on your premiums, by potentially qualifying you for a discount on your homeowner’s insurance. The following measures can help protect your home while you’re away.

1. Attempt to make it look like someone is still home- setting automatic lights to turn on throughout the day can help create this illusion
2. Put your valuables in a safe location, especially those that may be in eyesight of a window
3. Be careful of what you share on social media – posting you are away from home may give others the idea to take advantage of the situation

How to Take a Home Inventory

A home inventory of your personal property can seem tedious, but it can save you a lot of time and exhaustion in trying to remember every item in your home in the event of a large-scale loss. However, to be reimbursed, you must be able to accurately inform your insurance carrier of the items that were damaged. Doing so without the benefit of an accurate home inventory could prove to be very difficult. The following tips can be used to help you take your home inventory.

• Start somewhere easy that won’t overwhelm you. Starting with a closet or a specific area can help to ease yourself into the process.
• When making your list, start with your most recent purchases, taking inventory of the things freshest in your mind.
• Taking pictures and videos throughout your home is a good idea, as it can allow you to rewatch inside your home and see your items later. It can also provide you with evidence of the pre-loss condition of your belongings.
• Include detail about your items. Basic information like make, model, color, serial number, year purchased, and price paid is always helpful. Save receipts and bills of sale for expensive, rare, or collectible items.
• Creating a list or spreadsheet with the entirety of your belongings can help organize what you have.
• Prioritize valuable items. Taking the inventory of every object in your home can be daunting, so prioritizing is important.
• Don’t forget items that may not be at your home, such as items and valuables that may be at a storage facility, a secondary home, or even a family member’s home.
• Update your inventory list yearly and after substantial purchases.
• Keep two copies of your inventory – one with you in your home, and a backup copy in a safe location outside of your home (such as a safe deposit box).

Requesting Quotes for Your Valuables and Collectibles

 At Cross Private Client Insurance, our agency understands the unique risks that come with prized collections and valuables. We work with top insurance carriers to provide insurance options for our clients. Reach out to our team today if you have insurance questions.

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This article is for general informational purposes only and is not to be relied upon or used for any particular purpose. Cross Insurance shall not be held responsible in any way for, and specifically disclaims any liability arising out of or in any way connected to, reliance on or use of any of the information contained in this article. The information contained or referenced in this article is not intended to constitute and should not be considered legal, insurance, accounting or other professional advice, nor shall it serve as a substitute for the recipient obtaining such advice. The views expressed in this article are that of its author and do not necessarily represent the views of Cross Financial Corp. and its subsidiaries and affiliates (“Cross Insurance”) or Cross Insurance’s management or shareholders.