A collection can be almost anything, but one thing is sure – all are unique and need to be properly protected. Whether your antiques were collected over the years, or if you inherited it, it is definitely worth investing in the right coverage. The best way to keep your collection safe is with a Massachusetts antiques insurance policy. Depending on how valuable your collection is, your basic homeowners, renters or condo insurance policy may not be enough to protect it. You should have insurance as unique as your antique! Do not rely on basic policies; talk to an agent and find out much your collection is worth insuring.
If something were to happen to your collection, the sentimental value may be lost, but the antique itself will not be. Having the right coverage will allow you to replace or fix your collection in the event it is damaged or stolen. When insuring antiques:
- Get an appraisal! This is very important because without it, you will definitely not get what it is worth in the event of a loss.
- Take a full inventory and document everything you have with photographs and written descriptions.
- Sometimes you can add breakage coverage for certain items.
- Antiques can be listed on home, condo, renters policies, but there are limits subject to your deductible.
- If you get an independent inland marine policy, you will not be charged your homeowners deductible.
- Items will be covered for more perils.
When insuring any antique or collection you may have, there are some things you should keep in mind. Before getting a MA antiques policy, ask yourself these questions:
- Do you take your collection on the road with you for antique shows?
- If so, where and for how long?
- You will need to provide a list of destinations where your items are going and the time duration they will be out of your home for.
- Some companies might require safety precautions as well while your antiques are being moved to another location.
How well do you know the state you live in? Did you know these fun facts about Massachusetts?
- The first subway system in the United States was actually in Boston, not New York City, in 1897. It is still in use and part of the MBTA’s Green Line!
- Fig Newton pastry rolls were named after Newton, after the Kennedy Biscuit Company bought the original recipe for the sweet treat.
- The Boston Common was the first public park in America. Dating back to 1634, it is the oldest park in the United States.
Completing a home inventory is crucial for all renters and homeowners. It allows you to record all personal possessions lost if someone were to break into your home or a fire were to be started. While going through your home inventory, your attention will be brought to other valuables such as antiques or entire collections that may need supplemental coverage.
Do you own an antique car in MA? You might assume that it is covered under your auto insurance policy, but something as delicate and unique that requires a special kind of insurance policy. Here are some tips about insuring your most prized possession:
- Having the right insurance can protect your antique car while it is getting rebuilt, worked on, or just sitting in your garage.
- An agent can help you get the proper plates installed in the event you want to take it out for a spin or enter it into a parade.
- Antique car policies insure your car to full value, so all the hard work you put into restoring it is worth it.
- When insuring it, any company will require appraisals, receipts, photos, and a questionnaire regarding the car to make sure you’re properly covered.
- Even if it is stored in a garage most often, installing an alarm in the garage can save you money.
- Comprehensive coverage is important to keep on a car, even if you are not driving it. This will protect your car from fallen objects, windshield damage, and vandalism.
An agent can work with you and an appraiser to get the most accurate coverage policy for your antique. There is nothing worse than finding out you did not have the proper coverage until it is too late. While discussing your collection, you may be curious about insuring your other valuables, such as fine art or jewelry.
Call our Encharter agents to at 888.754.8299 or use our contact form above to protect your antique collection with the right quote in Massachusetts!