The following discusses the role of an appraisal for items considered valuable articles for international property insurance. In order to ensure your valuable articles properly, one has to have an appraisal showing true value for insurance purposes.

What is Considered a Valuable Article for Global Personal Property Insurance?

There is a tremendous amount of confusion as to what constitutes a valuable article. Please see the link at left "Valuable Articles Coverage" for an in depth look at what constitutes a valuable article when requesting international property insurance. Just because something is expensive does not mean it has to be classified as a valuable article and then scheduled in order to obtain international property insurance? A $5,000 USD Television is not a valuable article. A $8,000 leather couch is not a valuable article. A top of the line laptop ($4,000) is not a valuable article. One easy rule of thumb is, if the item can be bought in a department store or shopping center, it's most likely not a valuable article. The only exception is expensive rings and watches (jewelry).

How do I ensure a valuable article with an appraisal?

Jewelry, art, antiques, silverware, and china are the most common valuable articles. First, you would need an appraisal for the item less than 5 years old showing the worth of the item. You will need to insure the item for it's true value and not a lesser percentage of value.

If you have an appraisal the process of securing the insurance with International Property Insurance Group is actually quite easy, and almost always can be done on-line or over the phone.

If you don't have an appraisal you can easily find someone in your host country that is in the business of appraising property, and unless the person providing the appraisal is very suspect, the appraisal will be accepted.

Please contact us if you have additional questions about insuring what we call "valuable articles" for global personal property insurance .