- Dan Frankel
Jewelry, Fine Arts, and Collectibles Insurance
Updated: Jun 2, 2022
From an engagement ring to baseball cards to Van-Gogh — is your homeowner’s policy enough protection?
What do jewelry, fine antiques, rare vintage wines, a fur coat and baseball cards have in common?
They’re all valuable possessions that are probably not covered (or minimally covered) by your homeowner’s insurance. Even if you have a special policy for high-value homes, there are limitations to what is covered unless you have your valuables insured with a Scheduled Valuable Possessions Policy.
Blanket coverage is different from an itemized schedule. We work hard to educate our clients on the benefits of each, helping to ensure the right coverage before a loss occurs.
The benefits of scheduling your valuables
Most home insurance, condo insurance, and renters policies have important sub-limits on jewelry. In other words, your engagement ring, diamond studs, or Rolex may be subject to a $500 limit of coverage, a fraction of its actual value. Scheduling valuables can solve that problem. Benefits include:
Speedy and painless claims settlement. An agreed value is preset for each item—you know in advance what you’ll be paid in the event of a claim.
Theft, mysterious disappearance and breakage are covered. The cause of loss could not deny replacement of a cherished item.
Blanket or Itemized coverage.
One saves you the time of having your less valuable items appraised, while the other may extend coverage up to 150% of the appraised value. We will help you make the right choice.
No deductible and coverage anywhere in the world, while traveling, etc.
There are enough things to worry about when traveling; your jewelry shouldn't be one of them.
Beyond the basics:
More about jewelry
Insuring your jewelry
It’s best to keep appraisals current to make sure that your jewelry collection is insured to its proper value. That way, you are adequately covered in case of a loss. We recommend itemizing unique pieces like an engagment ring, as the deductible will be wavied in the event of a loss, coverage extends anywhere in the world, and "All-risk" cause of loss terms, the most robust available, will apply.
Special jewelry deserves special insurance
Every piece of jewelry has a story. The stunningly bold emerald earrings you gleaned from an estate sale…The vivid blue diamond pendant given by your loved one on bended-knee for your anniversary. The hard part about having truly superb jewelry is acquiring it — enjoying it should be easy.
Find a jewelry appraiser
The higher the value of precious metals and gems, the more often updates are needed. If it’s been three years since your last jewelry appraisal, we recommend that you have your collection appraised as soon as possible so that your most valued objects and assets are protected.
More about insuring your valuables, including wine
The Specialized Art of the Appraisal
“You need to know what you own, and to know the value of what you own,” said Nancy Harrison, a fine art specialist with Emigrant Bank’s fine art financing unit in New York and the president of the Appraisers Association of America.
Take the valuables quick quiz!
Do you need the added protection of Scheduled Valuable Possessions coverage? Take a moment to consider what your valuables are worth in the following categories and keep in mind that most homeowner’s policies pay only $500 to $1,000 total for unscheduled items.
Collections & Valuables
Acacia Insurance is proud to make Chubb Masterpiece Valuable Articles Insurance available to our clients. Masterpiece® protects your fine art, jewelry, wine, antiques, silverware, crystal, furs, memorabilia and other collectibles. Masterpiece coverage provides such benefits as …
More about insuring fine art
Insuring fine art
Unfortunately, many collections aren’t adequately covered. No matter what you collect, Acacia Insurance makes sure that your valuable items are protected. Because collections often appreciate, we offer coverage that pays up to 150% of a scheduled collection’s appraised value, eliminating the need to have your items constantly re-appraised.
Economic woes no barrier to record prices
Auctions continue to reflect a strong upward trend. Despite a gloomy backdrop, whether due to COVID or the 2008 sub-prime mortgage crisis, auction houses continue to report record prices on everything from NFTs to fine art, wine, and collectible liquors, .
Find an art appraiser
Acacia clients can call for a referral to a qualified art professional. Through Chubb, we have relationships with local fine art packers, transporters, conservators, advisors, and appraisers, and can connect you with best-in-class vendors.
Ready to learn more?
Acacia Insurance has been helping to make the unexpected uneventful since 1988, and we look forward to working with you. Please contact us with questions and for additional information.
The insurance policy, not this Web site, forms the contract between the insured and the insurance company. The policy may contain limits, exclusions, and limitations that are not detailed in this Web site. Coverages may differ by state.