Your fur coat is an investment and you need to treat it like one. This means you need to find as many ways to protect it as you can. This includes getting a fur coat appraisal so you know just how much it is worth and then understand how to insure a fur coat on your homeowners insurance. Real fur coats hold their value incredibly well and it’s important to make sure you know how much it should be covered for in the event it is stolen or lost due to a disaster that strikes your home. If you don’t have the appropriate proposal and additional coverage for it, you won’t be able to replace it.
Turn to a Professional Furrier
The first step in the process is to get an appraisal. Due to the importance of an appraisal to your insurance company, it’s necessary to make sure you get one that qualifies. A professional furrier is your best choice because they understand the fur industry better than anyone else. In most cases, they will provide this appraisal free of charge. All you need to do is bring in your real fur coats and they will determine the current value, providing you with official paperwork you can then present to your insurance carrier so you can insure your coat.
How Often Do You Need One?
Some people think they only need to get an appraisal once and then no longer need one because real fur coats tend to keep their value and don’t often go down. However, there are situations where they may increase in value or even lose their value if they become damaged. For this reason, your insurance company may require you to get regular appraisals to keep your policy as updated as possible. Before you assume you are covered for an unlimited amount of time, talk to your insurance company about their regulations. This will dictate when and how often you will need to get a new appraisal to guarantee your coverage.
You Need a Separate Rider
In most cases, your homeowners insurance won’t cover high-value items without purchasing additional coverage. This is to prevent individuals from making high loss claims if their home is impacted by a fire or any other type of disaster. These riders require specific proof of the value of the item and the exact specifics of what the item looks like to ensure the insurance company is only paying to replace the item that was actually lost or stolen. Your insurance agent will be able to guide you through the process of choosing the right level of protection so your fur has the coverage you need to replace it if disaster strikes.
Check When You Buy
Most furriers understand the importance of an appraisal, which is why a fur appraisal may be included when you purchase your coat. Because you want to cover your fur coat on your insurance as soon as possible, it can be useful to leave the furrier’s store with the appraisal already in your hand. This will ensure a much faster process of insuring your coat. Disaster can strike at any time so it’s important to make sure you have the appropriate coverage as soon as possible.
Talk to Your Insurance Agent
Above all, it’s important to have clear communication with your insurance agent about coverage for real fur coats. Knowing how to insure a fur coat on your homeowners insurance is their job and they will be able to communicate with you regarding what you need to do to ensure your coverage.
Your fur coat is an investment, which means you need to make sure you have the appropriate insurance coverage in case the worst should happen. First and foremost, you will need a fur coat appraisal in Dallas to let your insurance company know exactly how much your coat is worth and what it should be covered for. In addition to getting this initial appraisal, which may be provided at the time you purchase your coat, you may also need to get regular appraisals to update the value of the fur and your policy coverage.
If you’re looking for a fur coat appraisal, contact us. We carry a variety of real fur coats in Dallas and San Antonio and will be able to provide the appraisal you need to insure your coat.