Agreed Value Approach
One of our underwriters says ‘we try to settle a loss before it happens’. From day one you can be reassured that your possessions are covered to the agreed insured value without quibble. You may individually list all of your valuable possessions with a specific value for each piece. In the event of damage or a loss, you will receive payment for the exact amount listed for the item – with no deductions.
Specified cover means you can agree on an insured value with us for individual valuable items. In the event of a loss, underwriters will pay you the exact specified amount. So if we agree to insure your necklace for €30,000 and it is lost/damaged beyond repair, insurers will pay you €30,000 – with no deductions.
If you own a few pieces each worth less than €3,000, you can arrange for lump sum cover without having to list each item. In the event of a claim the maximum insurers will pay for any one item is €3,000.
Valuations Only Required For High Value Items
With many of our underwriters we do not require valuations for all your valuable possessions. We only ask for valuations if an item exceeds €30,000 for jewellery and €63,500 for fine art.
Replacement of a Pair o