How are my Fine Arts Covered in my Insurance Claim?

Beauty is in the eye of the beholder.

Fine Art to one policyholder may not be the same for another.  Questions always arise how are my collectibles, fine arts treated in my insurance claim.  Below please find an analysis by The National Underwriter Company regarding this issue.

Highlights

Once it is determined whether an object is a fine art, it must be determined how the property should be insured.  There are sixteen named perils, and if one of those does not damage the property, there is no coverage.

There are special limits, most do not apply to true fine arts.  Coins have a special limit, as does silverware, gold ware, platinum ware including tea sets, gold silver and platinum, although some may not actually be fine arts.

The best option is to schedule the property into the homeowners policy with the Scheduled Personal Property Endorsement.

READ BELOW FOR FURTHER DESCRIPTION

Insuring Your Fine Arts

 

 

AJR Public Adjusters

602-795-5227

www.betterclaimresults.com

 

Why You Need A Public Adjuster

Most people who have a claim have no idea how to prepare and adjust it. They more or less rely on their “insurance adjuster” to do that for them. BIG MISTAKE! What you must understand is, it is the “insurance adjusters” job to make company inspired settlements with policyholders, most of whom lack the fundamental information and adjusting skills to be on a level playing field with the adjuster. A NAPIA (National Association of Public Insurance Adjusters) Adjuster can help you level the field.

Knowledge is leverage. The more you know, the more power you have, and insurance adjusters are well trained to cut corners and save their company money and, more and more, look for ways to avoid paying claims. You need someone as well trained in your corner looking out for your interests. The objective in adjusting should be to get as good a result as possible, as quickly as possible, as trouble free as possible. Most policyholders will continue their fate of dealing ineffectively due to the fact that they lack ability, information, and understanding.

To adjust is to negotiate. An adjuster is a negotiator. Usually, only the person representing the insurance company is considered the adjuster, and the policyholder receives his/her adjustment, as previously stated, from a company inspired adjuster. In order to arrive at an adjusted settlement, each side has its own needs to satisfy. The less you know, the more likely you are to be forced to meet the needs of the insurance company. You must know your needs! You must know your rights!

A Public Adjuster can help you with both of these. If you don’t know what to expect and how to get it, you may become overwhelmed and give in too easily.

No one knows the outcome of an adjustment beforehand. Therefore, it is impossible to anticipate to what extent either party will give in to the needs of the other. Bargaining power becomes the main ingredient in adjusting. It usually comes about naturally as facts come to the surface. Adjusting is a matter of give and take, and unless you are dealing from a position of strength and knowledge like a Public Adjuster can offer, you may be forced to give too much.

Insurance adjusters facing a knowledgeable public adjuster usually enter on a more cooperative basis, and there is a strong likelihood that each will strive for common goals.

Usually a policyholder has to deal with a claim at a time following a disaster. Psychologically, most people are not up to the task under these circumstances. It is very common to see people in a state of shock, confusion and helplessness. A professional public adjuster will be emotionally level and competent.

The time of a personal disaster is not the time to be thinking about all of this for the first time. Think about it now and take comfort in the knowledge that a Public Adjuster can be there to protect your interest if indeed the unthinkable happens to you.

AJR Public Adjusters 1-855-454-0247  

http://www.betterclaimresults.com

If your home or business are damaged will you be able to rebuild?

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Will you be able to rebuild if your home or business is damaged or destroyed by fire?  How long will it take you to bounce back if you are wiped out by flood or hammered by a haboob?  Will you recover quickly from the losses you suffer from vandalism or theft?

You might be unpleasantly surprised more than once if tragedy strikes where you live or work –first by the brutal force of Mother Nature and later by the realization that you are unprepared to do anything but accept whatever compensation your insurance company offers. You can avoid this problem by hiring a public insurance adjuster, a person with knowledge and experience to help you obtain the most favorable settlement possible – someone who represents you and not your insurance company.

“We serve as the advocate for the policyholder, but it’s important to remember the policyholder controls the settlement. We advise and assist,” says Bruce Horowitz, president of AJR Public Adjusters, who has over 1/4 century experience in this field

In addition to estimating how much damage has been done, AJR also helps file the paperwork to complete the claim and negotiates with the insurance company. AJR charges its clients a percentage of the settlement, typically around 10 percent.

To find out more about how AJR Public Adjusters can help you recover from a natural disaster or other property loss by helping you obtain and maximize your settlement from your insurance company, call (602) 795-5227, email Bruce@ajrpa.com or visit http://www.betterclaimresults.com