This policy is designed for the
insurance of small to medium sized private collections, ranging
from £5,000 to £50,000. If your collection does not
fall within this category, or if you cannot meet the underwriting
requirements for this policy, we invite you to contact us to see
whether we can tailor specific cover for you.
We are able to accommodate collections
above £50,000 and up to £100,000 but you will need to
contact us to arrange this for you.
Disclosure
As this policy is based on your meeting various criteria, in the
form of an agreement to a Declaration which is part of the Buy Online
section of this website, you must ensure that you qualify
for the insurance on offer. Failure to do so will prejudice your
right to claim from this policy.
Scope of cover
We will pay for accidental loss of or damage to your 'collections'
(as defined below) occurring anywhere in the United Kingdom, the
Channel Islands and the Isle of Man. If the appropriate additional
premium has been paid, the territorial limits will be extended to
Worldwide. However, please note the following limitations:
- up to a maximum of £20,000 for items of
jewellery and watches, unless such items are kept in a locked
safe.
- £250 for losses occurring to items that
are posted
- £500 for any one item insured under the
definition of a ‘collectable’
- £1,000 for any one item insured under a
specific category (e.g. ceramics, glass or other brittle articles)
unless this is specified and agreed with the insurers.
Collection
We define a collection as “an accumulation of inanimate objects
gathered for study, comparison, exhibition or as a hobby”.
We are specifically interested in insuring items of an antique or
historical nature, although contemporary items and collectables
are equally welcome.
Items over £1,000
If you wish to insure items with an individual value greater than
£1,000, these can only be fully covered with the prior approval
of your insurers. In most cases you will be asked to supply us with
copies of professional valuations or purchase receipts. Pending
agreement with underwriters, any items that you wish to have specified
in the policy will be covered up to £1,000.
Unit purchase and cancellation
Cover is purchased in units of insurance. Each unit provides £5,000
of cover. Cost per unit varies according to the type of collection
to be covered. Purchase is by the secure WorldPay service (WorldPay
is part of the Royal Bank of Scotland Group) against your chosen
credit card.
Additional units can be purchased
online during the period of insurance, up to a maximum overall limit
of £50,000. Above that, you will need to contact us. Additional
premium will be charged to your credit card on a pro rata basis
to the next renewal date.
Administration and renewals
Once your policy has been purchased, you will be provided with a
user name and password. This will enable you to check the status
of your policy, notify us of any changes to your personal circumstances,
or to your collection, and to make a claim.
At least 21 days before the expiry
of your policy, we will invite you via email to renew and notify
you of your new premium for the forthcoming year. 3 days before
your renewal is due, if you have not already renewed, we will invite
you again to make your renewal payment. Renewal payments are made
from your customer administration area and are processed by Worldpay.
To return to the Policy Summary
click here.
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