Appraisals & Insurance

Any design investment should be appraised and insured directly after purchasing it. This can protect it from theft, fire, water damage and other incidences that could occur. Appraisals are often higher than both the sale price and the potential market value to essentially over cover the piece to allow for repairs and other costs that may incur. Then your insurance level would be based on this appraisal amount which becomes the new value level for the piece. There are many types of asset insurance available and you should consult with your insurance agent to find the right one for each piece or your collection as a whole.

Appraisals & Insurance