You may discover that your quotation for house or furniture removals sometimes makes unique reference to antique products. In reality, in some circumstances, they may be completely excluded from insurance cover, while some removal businesses may effectively refuse to transport them. Typically, an antique item is described as any single object over 100 years ancient.
Of course, insurance companies and some furniture removals businesses are not very concerned about the abstract era of an item, they are much more concerned about the individual value that might apply to it.
Definition difficulties
One of the factors that worries some insurers and removers about antiques, as the above phrase or two suggests, is that it can be very hard to identify their value. Something may be comparatively tiny and seemingly harmless, but because of its era and rareness, it has a tremendous importance. For an antique product, it can be highly hard to determine a realistic value in advance. For many years, an owner may have had it in their possession and only discover what it is really worth in the context of an insurance claim.
Financial exposure difficulties
Because insurance businesses are typically pricing their cover based on their understanding of the financial exposure they are taking on, the problem is heavily linked to the above.
If they think they cover a normal household move and suppose complete risk exposure to say € 60,000 in a complete write-off scenario, then they may have a big issue discovering that € 3 million worth of antique products were included.
Cover Limits and Pay-out
Some insurance companies will cope with this by stipulating a maximum quantity of cover on any individual product for a claim. Others can do this by requesting a particular statement of any products over the age of 100 and providing the policy with a value in a distinct timetable. That may require a pre-move professional assessment and valuation. They may then agree to cover the item, but only in exchange for a significantly higher premium.
However, remember-do not create assumptions about the existing cover. It is not likely to be an experience you will find funny or rewarding to discover that those assumptions were wrong only when you need to create a statement.
