Most people are aware of how expensive fur coats can be. This makes them a valuable investment you want to protect. These items are susceptible to theft or damage due to fire, water damage or other types of storms. This is why it is so important to have the proper insurance on your fur coats. Before you shop for your policy, there are several things you need to consider.

Get an Appraisal

One of the most important things you need to do when you purchase a fur coat is to have it officially appraised. A furrier is often able to provide you with the exact kind of appraisal you need to get the insurance policy. Once you get the policy, though, it is important to obtain an appraisal at regular intervals so you can adjust your insurance coverage to ensure you get the proper compensation if something happens to your furs.

Not Your Basic Policy

Most people mistakenly think their fur coat is automatically covered under their homeowner’s policy. Unfortunately, these people are often sorely disappointed when they need to make a claim for a damaged or stolen fur coat and their policy will not pay for it. Fur coats often require an additional rider on your typical policy, allowing you to make a claim if something happens to it.

Check with Your Furrier

Some furriers will offer special programs with their fur coats that allow you to replace or receive some compensation if your fur is damaged. This isn’t the same as having proper insurance coverage for your furs, but it can be a great alternative or even a complement to the insurance policy you have. Whenever you buy a fur coat, it is important to talk to your furrier about your options so you can make the best possible choices to meet your needs.

Having the right insurance coverage is essential to protect your fur coats from damage or theft that is beyond your control. Instead of assuming it is a normal part of your homeowner’s coverage, it is important to talk to both your furrier and your insurance carrier to find out what your options are. In most cases, you will need to get the coats appraised initially, as well as on a regular basis, so you can be sure you have the exact coverage you need if you must make a claim.