Building a collection of artwork, jewelry, wine, antiques or other rarities takes time, investment, and perseverance. These often hold immense emotional value as well. The loss of one-of-a-kind items can be devastating; the right insurance will at least compensate you for your financial damages, so savvy collectors insure their valuables as quickly as they acquire them.
Types of coverages
In addition to original artwork, you can insure virtually any fine collectible or memorabilia, from autographs to historical artifacts. Cover your valuables from fire, theft, earthquake, flood, and breakage.
With this benefit, if a loss occurs and the item’s market value exceeds your coverage limit, you can be reimbursed for up to 150% of the insured amount.
Each piece named on the policy is covered, regardless of its physical location. Items in the insured’s care, custody, or control–for instance, those taken on loan before finalizing a purchase–are also protected.
Collection Insurance as Collateral
Artwork and other valuables can used as loan guarantees, and these items can–and should–be insured. The lending institution, which has a vested interest in the asset, will be listed as a “payee” on your policy.
Items In Transit
High value items are at their most vulnerable when being moved from one location to another. This temporary coverage will indemnify you in the event of theft, loss, or damage while in transit.
Policies can be obtained for entire collections, or individual bottles. These cover breakage, spoilage due to breakdown of climate-controlled systems, and other hazards that can affect collectible wine.
Your items are protected against:
Get started with an Valuable Items Insurance Policy
Our program considers your assets, as well as what you do with them. Policies are designed to complement one another, eliminating gaps while minimizing overlaps in coverage. Look to Carroll, your trusted advisors, to safeguard all that you hold dear.