CHUBB POINTS TO CONSIDER REGARDING INSURANCE
- Check your policy or ask you agent for your deductible.
- Find out if your contents are covered for "replacement cost".
- Be sure that you have "all risk" or "special perils" coverage.
- Inquire about a policy that provides broad coverage for losses that occur anywhere in the world.
- Ask about any exclusions that apply to items of "rarity or antiquity."
- Find out how a claim will be settled if you decide not to replace something or if you can't find anything similar.
- Keep a journal that describes everything you know about each object you have insured: Photographs of the object that can be used in the event of loss, fire or theft. If there are specific markings or details, take close-up photos as well.
- Dated receipts from the original seller or any pertinent documents to help identify age and provenance.
- Any letters, family snapshots or clip discussing or illustrating the object. These could be critical evidence to prove ownership.
- Written appraisals done over time for insurance purposes.
- Reports describing the date, extent and cost of any repairs or restoration work. [/lil]
- Know what your current insurance covers.
