Important advice#Thanks to the Antiques Roadshow ; five years of ...

Lundi 7 janvier 2013 1 07 /01 /Jan /2013 03:31

Thanks to the Antiques Roadshow ; five years of economic growth; well-to-do parents and family members, we would be keeping goods inside our homes that are overlooked and maybe underinsured.

Such things as old-fashioned diamond, furniture and collectibles.

"We have observed a substantial development in people assuring strange valuables in the past few years," says Paul Morissette, senior vice-president of personal insurance at Chubb Insurance Co. of Canada.

Insuring high-value houses and unusual valuable objects may be the company's bread and butter, he says. Today it's likely to be imported Danish bread and butter from the art bakery.

"It is really a function of people having more money, possessing more issues, having parents who themselves had important estates. Men and women today have the cash to collect things they have a love for," he says.

Chubb, for example, did a brisk business recently protecting collections of rare and high priced wines. The organization has observed an as well in the worthiness of diamond, fine art and antiques needing protection.

That passion for collecting possessions, however, brings with it a chance. Typical home and contents insurance policies aren't made to provide a painting, Tiffany lamps or top-of-the-line Movado watches, say insurance brokers.

What people need to know is what they possess, its present substitution value and what their insurance policies cover.

"It is wonderful how much material people accumulate," states Brenda Rose, vice-president at insurance broker Firstbrook Cassie and Anderson Ltd. "When I would recommend to customers that they only undergo just one room inside their home and add up the replacement value of every thing in it, they're usually absolutely surprised."

Morissette adds: "The toughest part of the entire world is telling people what they lost is worth a lot more than what it was covered for.

Source: http://oliverelva.over-blog.com/article-important-advice-p-thanks-to-the-i-antiques-roadshow-i-five-years-of-economic-growth-well-to-do-pare-114133712.html

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