Due to the high value that most antiques have, antique insurance is an excellent option for individuals that wish to protect their irreplaceable valuables from a range of incidents. Most insurers require a professional independent appraisal to assess the value of an antique item/collection in order to tailor your insurance policy accordingly. Majority of insurance companies will require you to keep a high quality digital and written documentation of your antique inventory.
Some of the most popular items to cover with antique insurance include cars, jewellery, furniture and paintings.
As an example, classical cars require a different type of auto insurance, which is called “classic car insurance”. This type of insurance has become very specialised, your vehicle must fall under certain criteria before it can be covered by a classic car policy. The vehicle will need to fall under three different categories;
• Veterans; created for December 1904
• Edwardian: manufactured between (January) 1901 and (December) 1918
• Limited: extremely rare vehicles
For the vehicle to be eligible for classic car insurance, there are a few restrictions for the driver such as age and driving history, storage which must be secure and usage of the car. Alongside the age of the car, the age of the driver as well their driving history is also considered when developing a policy.
Antique items are virtually irreplaceable, because of this, specialised antique insurance provides peace of mind should theft or accidental damage occur.
Rare Books Insurance
Rare books are an invaluable asset to collectors or rare book enthusiasts that are often irreplaceable. In order to protect your rare book(s) from both expected and unexpected incidents, it is crucial to explore a tailored rare book insurance plan that understand the needs and risks of a rare book owner.
In order to get the most comprehensive and detailed insurance plan, consider value appraisal of not only your entire rare book collection but also each individual book. This initial step guarantees that specific copies can be covered in the case of damages or loss. Without correct valuation, your insurance company cannot always provide the protection certain copies require.
Rare book insurance covers almost any circumstance from theft, accidental damages to intentional damages, whether it’s a fire, flood or earthquake. Rare books can be fully claimed through rare book insurance, as well as any loss of value due to damage that occurs. Professional rare book collectors can also benefit from this policy as it also covers shoplifting, business interruption should damage or theft occur as well as courier losses when transporting a book.
No matter what kind of rare book enthusiast you are, your rare books deserve an insurance policy that reflect their value.