Private Collections Insurance
Overview
Whether you collect fine works of art, antique furniture or jewellery we can provide innovative worldwide coverage to meet all your needs.
| COVERAGE FEATURE | WHAT IT MEANS | WHY IT MATTERS |
|---|---|---|
| Cash Settlement Option | You have the option to receive a cash settlement in lieu of replacing your lost or damaged property | We provide you with the flexibility to make a choice that is convenient for you |
| Newly Acquired Items | If you do not advise us for 60 days from the time you purchase any new contents, we provide automatic coverage up to 20% of the sum insured, or if you have Private Collections cover and do not advise us for 90 days from the time that you purchase any new items, automatic cover applies up to 25% of the sum insured. Jewellery has a sub limit of $100,000 | This gives you a grace period, so that you do not have to worry that your new items are not covered |
| Market Appreciation for Private Collections | If the valuation is less than 12 months old at the commencement of your policy, we provide you cover for the current market value, up to 125% up to a maximum of $100,000 | You are protected against market volatility |
| Defective Title for Private Collections | We cover you for up to $50,000 or 25% of the sum insured for the Private Collections category under which the item is insured, whichever is the lesser, for an item if you are subsequently required by law to relinquish possession | We compensate you if you have inadvertently purchased an item that is stolen or encumbered |