To repair or replace your treasured antiques, art, and valuables if the worst does happen, you’ll need specialist antique insurance.
Why do I need antiques insurance?
From works of art and furniture to jewellery and valuables, antiques are not always covered by ordinary home insurance. Because it’s considered non-standard, you may find that a high street insurance company charges much higher premiums to cover your antiques. Or you may find that they simply won’t insure you to your required level at all.
Most typical home insurance policies also specify a single item limit. This may not be enough to cover high-value works of art, furniture or other antiques. Always check the small print in your policy or if you’re not sure, speak to your broker.
The value of art, antiques, and other collectibles can fluctuate. To ensure you can replace yours, make sure you regularly have your items valued. Even if your antique insurance has no single item limit, it’s a good idea to tell your broker about any high value items.
One of the problems with insuring antiques is that there is no standardised value to fall back on. Unlike a modern table, which has a set value depending on its make and construction, an antique piece can have many variables that can affect how much it costs to replace. One of these could be condition, and provenance can also have a serious impact its value. Even if you have a written valuation document, some insurance companies can dispute this unless they have agreed the value in advance.
With an agreed valuation, you can make sure that your financial investment is protected. If you need to make a claim, you can be sure that your insurance will pay out the amount that you expect.
Items that can be covered by antique insurance
- Fine art
- Gold and silver
Tips to make claiming on your antique insurance easier
Make sure you keep valuation certificates safe. It’s a good idea to store an electronic copy away from your house. That way, if a fire or flood destroys all the contents, you can still access details for your insurance company
Take photographs of your antiques so you can show your insurer if needed
Choose experts for your bespoke antiques insurance
At Park Insurance we are experts in insuring specialist valuables like antiques. We understand the specific needs of insuring antiques and valuables. This helps to ensure that any claims you make will be as stress free as possible. We’re also experts in the field of insurance. We work independently, which means we’re free to search through every insurance company to find you the best value insurance available. And because we know what we’re talking about, there won’t be any nasty shocks in store in the small print. Call our friendly antiques insurance specialist team for a chat on 0117 9556835 or fill in our form below.