Antique Insurance Coverage: What Collectors Need to Know to Safeguard Their Treasures
Winter Antiques Show In New York City This Week; Shows In Other Cities Begin Soon
January 25, 2011
INSURANCE INFORMATION INSTITUTENew York Press Office: (212) 346-5500; media@iii.org
NEW YORK, January 25, 2011— The 57th annual Winter Antiques Show, considered the premiere antiques show in the country, began January 21 and continues through Sunday, January 30, at the Park Avenue Armory in Manhattan. Whether in the market for American, European or Asian objects, now is the time for antique collectors to review their insurance coverage, according to the Insurance Information Institute (I.I.I.).
NEW YORK, January 25, 2011— The 57th annual Winter Antiques Show, considered the premiere antiques show in the country, began January 21 and continues through Sunday, January 30, at the Park Avenue Armory in Manhattan. Whether in the market for American, European or Asian objects, now is the time for antique collectors to review their insurance coverage, according to the Insurance Information Institute (I.I.I.).
“If you have homeowners insurance, there is coverage for personal property, but there are also limits to the value of goods insured under that policy. A large collection of antique art, antique furniture, and heirloom and estate jewelry will need a special rider or separate insurance,” advised Loretta Worters, vice president, I.I.I. “The precious antiques a homeowner has spent years amassing could be subject to fire, theft and a host of other perils, so it’s important to have your valuable possessions appraised and properly insured.”
Click here to read more on how to value and protection your antiques.
