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Insuring the Not So Usual - Artwork/Antiques/Heirlooms/Collectibles Durango CO

Some insurance companies don't have much experience in the realm of art, antiques or collectibles. It may be worth finding an insurance broker who has some experience in this area.

American National Insurance Patrick Casteel
(970) 461-8205
150 E 29th St
Loveland , CO
 
WELLS FARGO INSURANCE COMPANY
(720) 528-7600
5600 S. Quebec
Greenwood Village, CO
 
KAUFMAN FARMERS INSURANCE AND FINANCIAL, INC.
(303) 934-8330
739 West Littleton Blvd
Littleton, CO
 
First MainStreet Insurance, LLC
(303) 776-5122
275 S Main St Ste 100
Longmont, CO
Alternate Phone Number
3037765122
Services
Independent Insurance Agency

Hometown Insurance Professionals of Pagosa Springs
(970) 459-4003
PO Box 5560
Pagosa Springs, CO
Services
Home Insurance, Life Insurance, Auto Insurance, Health Insurance, Commercial Insurance

Equisure
(303) 614-6961
3000 S Jamaica Court
Aurora , CO
 
Mike Deutcher - State Farm Insurance Agent
(970) 286-0200
2324 23rd Ave, Suite A
Greeley, CO
Alternate Phone Number
(970) 286-0200

Mike Gibbs State Farm Agency
(303) 699-2800
3140 S Parker Rd. Suite 5
Aurora, CO
 
NITZEL INSURANCE AGENCY
(303) 773-2047
3949 E. Arapahoe Rd.
Centennial, CO
 
American Family Ins.-Jimenez
(719) 542-2141
1008 Constitution Rd.
Pueblo, CO
 

Insuring the Not So Usual - Artwork/Antiques/Heirlooms/Collectibles

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Insuring the Not So Usual

Do you own artwork? Do you have fine antiques? Family heirlooms? What about collectibles? You may find that your current insurance policy doesn't really allow for such unique and valuable items. In fact, you will likely need special riders that will provide you with additional insurance coverage. You'll also have to do that for each treasured item individually.

Why would insurance companies require these belongings to be inventoried and insured individually? In reality, it's because most insurance companies work in the realm of statistics. They deal on a daily basis with the average. That's why most companies take your word for it when you submit a list of belongings to them in your claim. Why? Because insurance companies have a good idea of what kinds of things are owned by the average middle class family. They may even provide you with a checklist, so that you can better provide them with an inventory of your belongings, because they know what to expect to find in each room of a house.

However, when you begin to get into collecting unusual items or very expensive items, your insurance company can no longer take your word for it. They will need these items individually inventoried, preferably independently appraised, and since these items will be outside of the realm of normal, they will sometimes need to be individually insured.

Can your current insurance company give you the insurance you need? This is an excellent question. Some insurance companies do not have much experience in the realm of art, antiques or collectibles. In this case, it may be worth your while to find an insurance broker who has some experience in this area. Such a person may be able to help you find the right insurance company. If you are collecting art, your favorite art magazines can be a good resource when looking for such service providers. You should look out for companies with an established reputation as well as a successful and dedicated claims department. That claims department will be very important to you, if you ever need to make a claim.

While individual insurance for your treasures may be required, if your artworks are individually worth less than $10,000 each, you can go for a blanket policy. Under such an arrangement, you will not have to list all the items involved. However, the most you can claim for any single artwork will be $10,000. So, you will have to keep in mind the value of your items.

And you need to be ready fo...

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