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Safeguarding Your Treasures: The Importance of Correctly Insuring Your Antiques


antique insurance valuation central coast

Insurance is designed to protect you financially in the event of loss, damage, or theft of your valuables. If you have an accurate valuation, you can ensure that your insurance coverage adequately reflects the current value of your collection. This means you won't be underinsured, which could leave you financially vulnerable if you need to make a claim.


In the unfortunate event of a loss, you'll need to replace your valuables. An up-to-date valuation helps you determine the cost of replacing those items with similar ones, taking into account any changes in their value over time. Without an accurate valuation, you may not receive enough compensation to replace your items with equivalent ones.


An up-to-date valuation serves as proof of ownership for your valuables. In case of a claim, your insurance company may require evidence that you owned the items and their value before they were lost, damaged, or stolen. Proper documentation can speed up the claims process and prevent potential disputes.


The value of certain items, such as jewellery, collectables, and artwork, can fluctuate over time due to market conditions, inflation, or changes in demand. By updating the valuation regularly, you ensure that your insurance coverage remains current and reflects the items' current value.

Having an accurate valuation also allows you to make informed decisions about your insurance policy. If you find that the value of your collection has significantly changed, you might want to adjust your coverage accordingly to ensure adequate protection.


By adopting a proactive approach to safeguarding your treasures you can rest assured that if something happens to your items, you have taken the necessary steps to protect yourself financially. Hannah Clayton Atkin, our professional appraiser, can provide comprehensive written reports that are accepted by insurance companies for both claims and reassessments. She has over 20 years of experience with fine and decorative art in museums, archives, private collections, and at auctions. She holds professional indemnity insurance and is a PACC (Professional Appraiser Code of Conduct) Certified Appraiser within the field of antiques and collectables.


To enquire about valuation services, you can call us on 02 4303 0559 or email enquiries@swandeverell.com.au

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