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A blog for insurance that is dedicated to publishing the work of our guests, not the views of the webmaster. So if your into insurance enough to blog about it why not submit your content.
A blog for insurance that is dedicated to publishing the work of our guests, not the views of the webmaster. So if your into insurance enough to blog about it why not submit your content.
on May 27th, 2011
Collectibles might have a great value, but are rarely insured properly. A coin collection, a set of paintings, limited edition garden gnomes, or signed props of one’s favourite band are but a few examples of valuable things that people like to collect.
Whether you collect for passion or as a means of investment, it is a good idea to have your collection insured. Granted, the money will not compensate you for the enthusiasm and emotional losses, but it might at least let you start anew.
Why is insuring collectibles different than insuring your other property? Well, regular property insurance usually only covers the material cost of your possessions. A stolen flat-screen TV can be replaced by a new one and a flooded wooden floor can be plucked out and laid again. This is because the TV and the wooden tiles are easily replaceable — a rare coin or an exclusive signed photo of your beloved late opera singer are not.
For that reason, valuable collectibles must be assessed and insured separately, under a Collectibles insurance policy. There are a couple of insurers with collectibles insurance in their portfolio in Canada.
When you do insure your collection, consider going for a so-called ‘all-risk’ policy. This kind will cover you not only in the obvious cases of theft, fire, or flood, but also for normal wear and tear, nuclear destruction, and even mysterious disappearance.
What is more, you may conveniently extend your coverage upon new items in your collection. If you want to be really prudent, you may want to call your insurer before you pick your piece up, just so you are already covered on the way home!
In most cases, it is actually not necessary to have your collection valued by a professional appraiser, contrary to popular belief. It would be pretty pricey, as professional appraisers have to be paid for their job, and impractical, since you would have to get an appraisal on every new piece in your collection.
While you needn’t use a professional appraiser, you do need to value your collection reasonably. On the one hand, correct valuation will optimize your monthly or yearly premiums; on the other hand, it will speed up the claiming process. In other words, if you bloat the value of your collection, you will risk that the heightened insurance fees will never even pay off.
There are numerous guidelines for correct self-valuation of most types of collectibles. It is often best to explore the market for collectibles and/or talk to other knowledgeable collectors to get an idea of your collection’s worth.
What is more important than an appraisal is a detailed inventory of your items and proofs of ownership where applicable. You should keep any receipts from the purchases and sales of your items, as well as pictures or videos of your entire collection. This, again, will help expedite the claim process if worse comes to worst.
Insurance clients sometimes produce very interesting stories of their collections’ loss or destruction. Favourites are cases involving house pets, where mad cats or crazy dogs eat paintings, knock over statues or wooden ships, or bite and wet stamps. Many clients like to drive with their collection placed on their car’s roof, or upset their girlfriends and wives, who then tend remove the collections.
My words of advice: please don’t sneeze at your valuable paintings, or show them off to friends who are allergic to your pets.
If you want to learn more about collectibles insurance, please contact an experienced professional insurance broker in your area.
This article has been brought to you by Lorne S. Marr, a Canadian life insurance broker of LSM Insurance Services Ltd. Lorne has over two dozen years of experience in the insurance business.
on May 21st, 2011
Whether you’re an experienced motorcyclist or just buying your first bike, you have to have insurance. Of course, one of the main reasons people ride motorcycles is that they are less expensive to drive, so it makes sense that they also want to save as much money as possible on insurance for the bike.
Motorcycle insurance rates will vary from company to company and from rider to rider. Some of the things insurance companies look at when determining your insurance rate include:
Now that you understand how the insurance company will decide your rates, here are some hints to find the most affordable motorcycle coverage:
Nobody wants to pay more for motorcycle insurance than you absolutely have to. Take the time to find the most economical policy with the amount of coverage you need and enjoy saving money while you’re riding the roads.
About the Author: Deborah is a full-time writer and blogger with more than 10 years of experience in the insurance industry. She also likes to write about the health care field and spends a great deal of time working with ultrasound tech schools.
on May 18th, 2011
Trying to find adequate caravan insurance can often be tricky. You want the best possible policy at a price to suit, but far too many people forget the all-important aspect of comparisons. Without caravan insurance comparisons you can’t hope to find the policy that you’re looking for, but just what makes them so vital?
Well, without comparing all the available options you’ll have no possible way of knowing which policy would be right for you. Choosing too quickly simply shouldn’t be an option because that can only ever lead to disappointment, and it’s vital you know what you’re getting for your money. But, many people think that performing comparisons can take far too much time, but with the help of price comparison sites that’s no longer the case.
By heading online to perform comparisons the whole thing becomes far easier. Caravan Insurance comparison websites have all the available options in one place to make comparing them quick and easy, because they’re all set out in such a way so as to make it incredibly simple. Just fill in one form and you’ll be presented with plenty of quotes to suit your needs, then just look down to see which can give you the best policy at the right price. This all means that you’ll be able to save both time and money – it can all be done incredibly quickly and you’ll soon see where savings can be made, and with price comparison sites you’ll be able to get the best deals possible.
So, when performing caravan insurance comparisons make sure to head to comparison websites to help. You’ll find the whole thing quick and simple to save both time and money, giving you extra cash in your pocket each and every month. Take a look around and see how simple it can be, and get ready to find the perfect quote to suit.