Research shows that many people are not aware of the limited amount of insurance coverage they have for fine art, jewellery and other valuables under a standard homeowner’s insurance policy.
They often do not realize that their prized possessions are drastically underinsured and inadequately protected.
Clients with extensive valuables should consider subscribing a special insurance policy called an “all risks policy” in which each piece is listed for a stated amount.
All risks policies require appraisals or recent invoices per listed item, including paintings, sculpture, antiques, jewellery, stamps and coins, and even fine wines.
INSURANCE IN FRANCE always propose to conduct appraisals because it makes the item's value indisputable in case of a claim.
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