Arts and Antiques with Dr. Lori

Dr. Lori's Tips about Insuring your Antiques

How much would your priceless antique or artwork be worth if it gets lost, stolen or destroyed - and you had no insurance on it?

Two of the biggest myths in the art and antiques world are Valuable possessions, like art, jewelry, and antiques or collectibles require special insurance coverage. Typically, a basic homeowners or renters policy has limitations when it comes to protecting antiques. A standard policy has limits that typically cover $1,000 for jewelry, watches and fur coats. And that $1,000 worth of insurance is the coverage for an entire claim, not for a single item. In my work appraising objects, many clients are not fully covered for the value of their art or antiques. In my experience, a good set of antique china, a collection of comic books or grandma’s silverware is easily worth more than $1,000. And, if you don’t have the correct coverage, you are …

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