Valuables & Fine Art Collections
Dedicated, agreed-value protection for luxury jewelry, fine art, wine cellars, and private collections. We structure specialized scheduled policies designed to help bypass the severe limitations of standard homeowners insurance and protect your most valuable assets worldwide.
The Collections Risk Profile
Standard homeowners insurance policies are not engineered to protect significant private collections. By default, a standard policy severely restricts coverage for theft or loss of high-value items, typically imposing a strict sub-limit of just $1,500 to $2,500 for all jewelry, watches, and furs combined. Furthermore, standard policies often exclude coverage for accidental loss or "mysterious disappearance." Protecting luxury timepieces, fine art, and heirlooms requires a dedicated private client strategy utilizing agreed-value scheduling to ensure your assets are fully recognized and covered at their true market value.
Core Coverage Considerations
A foundational strategy for private collections removes standard policy restrictions and typically includes these tailored components.
Agreed-Value Scheduling (No Sub-Limits)
The cornerstone of collection protection. This is designed to help provide 100% of the mutually agreed-upon value of an item in the event of a covered total loss, bypassing standard sub-limits and eliminating depreciation penalties.
Mysterious Disappearance & Accidental Damage
Unlike standard policies that typically require proof of theft or specific perils, this broad coverage is designed to help cover items that are simply lost, misplaced, or accidentally damaged (such as a chipped diamond or dropped artwork).
Worldwide Coverage & In-Transit Protection
High-value assets travel with you. This feature is designed to help protect your scheduled jewelry and valuables anywhere in the world, including while in transit or stored in international bank vaults.
Newly Acquired Item Buffer
If you purchase a new piece of art or jewelry, private client policies typically include an automatic coverage provision designed to help protect the new acquisition immediately, giving you a set timeframe (often 90 days) to officially schedule it.
Market Appreciation Protection
For volatile markets like fine art and rare wine, some specialized carriers offer built-in buffers designed to help cover up to 150% of an item’s scheduled limit if its market value suddenly spikes just prior to a covered loss.
Want a review of your private collections?
Basic policies can leave high-value assets exposed. Let us help you build a plan designed to help protect your private collections.