When it comes to contents, especially unique or hard-to-value items, it’s important to know what you have before there’s a problem. Otherwise, how can you insure it properly? If your estimate overvalues the item, you could be paying too much for insurance. On the other hand, if you undervalue it, you could risk a lack of coverage if the item is lost or damaged.
We see this all of the time, especially with our EnservioSelect cases, or when we’re on the road with the PBS television series Antiques Road Show, currently in the midst of its annual summer tour across the U.S.
Take, for example, a recent claim EnservioSelect handled.
A man living in an apartment in New York suffered a kitchen fire. Though only the kitchen had been damaged by the fire, smoke and soot had made a significant impact on the rest of the apartment, including a valuable painting. EnservioSelect specialists were called in to examine the painting, and its value was determined to be much higher than the owner had originally expected. While he did have it insured, it wouldn’t have been enough to replace to painting. Fortunately for him, he was able to restore the piece to its original state and readjust his insurance to fully cover the painting should anything happen to it in the future.
It’s never too late to have your unique and specialty items valued. EnservioSelect specialists can help you determine how much coverage you need to properly insure your most important possessions – from baseball cards to Picasso paintings. The more you know, the better prepared you will be!