Valuables 2017-01-14T18:59:00+00:00

Scheduling Your Valuables

From baseball cards to Van-Gogh – is your homeowner’s policy enough protection?

What do fine antiques, rare vintage wines, a fur coat and the East Coast’s most extensive collection of baseball cards have in common?

firemans-fundThey’re all valuable possessions that are probably not covered (or minimally covered) by your homeowner’s insurance. Even if you have a special policy for high-value homes, there are limitations to what is covered unless you have your valuables insured with a Scheduled Valuable Possessions Policy (from Fireman’s Fund).

 

Here are the benefits of scheduling your valuables:

  • Speedy and painless claims settlement: An agreed value is preset for each item – you know in advance what you’ll be paid in the event of a claim.
  • Theft, mysterious disappearance and breakage are covered: The cause of loss could not deny replacement of a cherished item.
  • No deductible.
  • Blanket coverage – saves you the time of having your less valuable items appraised. you simply purchase a blanket amount of coverage that can be applied to multiple items.
  • Receive up to 150% of the insurance shown (contact Ellis Insurance for details).
  • Worldwide protection when traveling – automatic protection for most new items for up to 30 days.

For more information on insuring your valuables contact Ellis Insurance.

More About Insuring Your Valuables

“You need to know what you own, and to know the value of what you own,” said Nancy Harrison, a fine art specialist with Emigrant Bank’s fine art financing unit in New York and the president of the Appraisers Association of America.

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Do you need the added protection of Scheduled Valuable Possessions coverage? Take a moment to consider what your valuables are worth in the following categories and keep in mind that most homeowner’s policies pay only $1,000 total for unscheduled items.

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Ellis Insurance is proud to make Prestige Collections® from Fireman’s Fund available to our clients. Prestige Collections® protects your fine art, jewelry, wine, antiques, silverware, crystal, furs, memorabilia and other collectibles. Prestige Collections coverage provides such benefits as …

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More About Jewelry

In a rising market, it’s best to keep appraisals current to make sure that your jewelry collection is insured to its proper value. That way, you are adequately covered in case of a loss. We recommend insuring your jewelry collection with Prestige Collections® from Fireman’s Fund.

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Every piece of jewelry has a story. The stunningly bold emerald earrings you gleaned from an estate sale…The vivid blue diamond pendant given by your loved one on bended-knee for your anniversary. The hard part about having truly superb jewelry is acquiring it — enjoying it should be easy.

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Given today’s hot market, the higher the value of precious metals and gems, the more often updates are needed. If it’s been three years since your last jewelry appraisal, we recommend that you have your collection appraised as soon as possible so that your most valued objects and assets are protected.

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More About Insuring Fine Art

Unfortunately, many collections aren’t adequately covered. No matter what you collect, Ellis Insurance makes sure that your valuable items are protected. Because collections often appreciate, we offer coverage that pays up to 150% of a scheduled collection’s appraised value, eliminating the need to have your items constantly re-appraised.

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Early 2008 auctions reflect strong upward trend : Despite a gloomy backdrop of a sub-prime mortgage crisis and rising oil prices, auction houses reported record prices in 2007, led by a strong showing from contemporary art-with a noteworthy performance by Chinese artists.

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Given today’s hot market, the higher the value of a piece or collection, the more often updates are needed. If it’s been three years since your last appraisal, we recommend that you have your collection appraised as soon as possible so that your most valued objects – and assets – are protected.

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