Monday, December 7, 2009


MIAMI, Florida - Have a homeowner's or renter's insurance policy? Good. Are you relying on it to cover losses to art, antiques and collectibles? Bad. Most insurance companies will cover up to $2,500 of arts, collectibles and antiques. Is your stuff worth more than that? Your policy may limit the collection to a percentage of the total value of your home. Comic books, baseball cards, hot wheels cars, depression glass, art, aviation prints, autographs, stamps and coins, old dolls and antiques are just some of the things you'll find are not adequately insured under your homeowners policy. While it used to be common for collectors to obtain an insurance appraisal and coverage on valuable items, today most are willing to leave things to chance.

A recent survey conducted by Chubb Insurance found that many people did not know the limitations of their coverage or what the coverage actually would pay if an item was lost, broken, or stolen. An appraisal is how they can determine the value of your collection.

Most collectibles are items that appreciate with time. There are carriers that will pay up to 150% of your coverage amount if at the time of loss your item has appreciated over the amount you are currently insured for. Breakage coverages will cover items for breakage or damage. Most homeowners policies will not cover this type of loss. A mysterious disappearance floater will cover items that are lost or misplaced and if a single piece of a pair or set is damaged, lost or destroyed, you can have the option to surrender the remaining piece and recover the total value of the set.

People put a lot of time and money into their collections. And their collections are likely worth a lot more money than they think. Regrettably, collectors often don't find out that their collections were underinsured, or not insured at all, until after the damage has occurred.

There are many web sites where you can obtain additional information about insuring your collectibles. One such site is where you will be introduced to many helpful resources.

It is most likely you will choose an all risks policy which will insure your valuables against everything from fire to nuclear attack. If it is necessary for you to travel with your collection, most specialty policies will provide coverage to and from your destination.

"My insurance company tells me my collectibles are not covered." Don't ever be the poor guy or gal saying these words. Own valuable stuff? Have it appraised and insure it.

The St. Lucie Appraisal Company
P.O. Box 2700
Fort Pierce, FL 34954
Phone: (772) 359-4300
Fax: (772) 466-8400


Our service area includes St. Lucie, Martin, Indian River, Brevard, Palm Beach, Broward and Dade Counties. Cities include Fort Pierce, Port St. Lucie, Stuart, Palm City, Jensen Beach, Hobe Sound, Jupiter, Palm Beach Gardens, West Palm Beach, Lake Worth, Boynton Beach, Delray Beach, Boca Raton, Deerfield Beach, Coral Springs, Coconut Creek, Pompano Beach, Tamarac, Sunrise, Lauderhill, Plantation, Fort Lauderdale, Davie, Pembroke Pines, Miramar, Hollywood, Hallandale, Miami, Opa Locka, Hialeah, Coral Gables, Kendall and Homestead.

Diminished Value Appraisals throughout Florida including, Miami, Fort Lauderdale, Tampa, Jacksonville, Orlando, Pensacola, Fort Myers, Sarasota, Port Charlotte, Clearwater, Kissimmee, Melbourne, Daytona Beach, Ocala, Gainsville, Bradenton, Titusville, Panama City, Bonita Springs, Naples, St. Petersburg and Tallahassee.

Our rates for services are as follows:

Auto Appraisals (Donations, Bankruptcy, Divorce, Insurance Disputes) $125.00

Stated Value Appraisals (Antique & Classic Cars, Street Rods, Motorcycles, RVs, Trucks) $175.00

Auto/Truck/RV Condition Reports $225.00

Diminished Value Appraisals (Determines how much less your car is worth after accident repairs) $225.00

Personal Property Appraisals (Contents, Collectibles, Art, Antiques) $225.00

All other services including trial prep and additional appraisal time when necessary $75/Hr.

Expert Witness - Court Appearances, Depositions, Mediation $225/Hr.

You may obtain appraisals for Financing, Charitable Donation Tax Credits, Collateral, Damage Claims, Equitable Distribution, Bankruptcy, Estates, Insurance Stated Value, Purchase & Sale and Diminished Value.

Appraisals of Personal Property, Art, Boats, Classic & Custom Autos, Antiques, Collectibles & Memorabilia, Electronics, Machinery, Motorcycles & Choppers, Furnishings, RVs, Trucks & Heavy Equipment. Business Valuations specializing in all types of small businesses.


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