Our experience shows that many owners of valuable items have a false sense of security. On one hand
, they believe that the risk of damage is relatively small for luxury products kept indoors, and on the other hand, many assume that their standard fire and theft insurance offers sufficient protection in the event of damage. But nothing could be further from the truth.Standard fire and theft policies are often not enough
f711-8e01-4b57-b367-1f401880880c" href="/node/319">fire and theft policy usually entails a number of limitations. For instance, there is often a (limited) compensation ceiling per damaged or stolen item. When it comes to valuable objects, it is very likely that this compensation limit will not be sufficient to cover the actual loss.The method of compensation is also often a source of discussion when luxury products are insured through a standard policy, since the market value of collector’s items can fluctuate greatly. That is why it is better to use the agreed value as the basis for insuring valuable objects. This value is determined in advance in consultation with the insurer and a certified appraiser or assessor. In the event of total loss, the insured will then receive that predetermined value, even if the market value of the item is lower at that moment.
Greater certainty thanks to all-risk insurance
Another advantage of a specific insurance for valuable objects is that the policy conditions are always
drawn up on an “all risks except” basis. This means that such a policy covers all claim events except for the exclusions that are explicitly included. You will therefore always know exactly what is and isn’t covered. What’s more, in the event of damage, the burden of proof does not lie with you, but with the insurer.Worldwide coverage
A specific insurance for valuable items often also offers worldwide coverage. This is useful for those
who sometimes transport their valuable goods: they are insured everywhere in the world and during transport.More information or a quote?
If you would like further information or a quote for the
-entity-type="node" data-entity-uuid="430ddbcb-28b1-4d3e-849d-4038ebac5591" href="/node/320">insurance of your valuable items, please feel free to contact your account manager or one of our specialists in insuring valuable objects: Tom Janssens (0474 53 63 21 or mailto:tom.janssens@vandessel.be">tom.janssens@vandessel.be) and Davy Alentijns (0478 33 63 70 or mailto:davy.alentijns@vandessel.be">davy.alentijns@vandessel.be).
