Press Release
With
the onset of hurricanes and rash of wildfires out west, Collectibles Insurance
Services has seen an increase in phone and web inquiries for insurance. Every
year the agency has a handful of total losses and many claims of damage due to
natural disasters.
"We try to
keep our customers informed and prepared for possible claim events" said
Annemarie Fitzpatrick, Director at Collectibles Insurance Services, "and have
made specific changes to our policies to address natural disasters."
In
their most recent customer newsletter, Collectible Chronicles, customers were
reminded to:
- Report losses or the possibility of a
loss immediately
- Store records of their collection at a
location away from the collection ideally a safe deposit box
- Schedule
individual items worth $5,000 or more
During
the 2008 hurricane season, Collectibles Insurance Services received calls
from customers up and down the east and gulf coast asking what to do with their
collections. Of course their Collectibles Insurance Services' policies would
cover damage to their collectibles from the hurricane. But they were concerned
about coverage for those collectibles they were taking with them - typically
a limited amount of coverage is provided for the collectibles 'while in
transit'.
As
a result of customer concerns, Collectibles Insurance Services implemented a
waiver of their policies' transit sublimit. "We want customers to feel secure
in taking their cherished collections with them" said Fitzpatrick, "therefore
in the instance of a government recommended or mandatory evacuation our
policies now provide coverage up to the policy limit while the collection is in
transit."
About Collectibles Insurance Services, LLC
Since 1966, Collectibles
Insurance Services has been "insuring today's treasures from tomorrow's tragedy."
As a company founded by fellow collectors, we understand that your collection
is worth so much more than just money. And as experts in collectibles
insurance, we know standard homeowners insurance alone isn't enough to replace
your treasures.