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Yes you can insure your Chanel or D&G – and you should!

December 22, 2015

dianna_christinatChanel, Marc Jacobs, and Dolce and Gabbana – not only do these designers have the most beautiful clothes, but they also have some of  most expensive ones. If you have these names in your closet (or dreaming about having them), you might want to brush up on designer clothing insurance .

 

Risks for Designer Wardrobe Loss

Like many things, clothing is an investment.  Perhaps your closet is worth iStock_000050238620_Largethousands. For some of you, it could be millions.  So why not spend some time itemizing and protecting it?

Fire

This doesn’t need a lot of explanation.  A house fire could destroy your wardrobe very quickly.  Even if your house doesn’t burn to the ground, water & smoke damage could render your clothing unusable.

Natural Disasters

Some carriers, such as AIG,  will cover losses typically excluded in a traditional homeowner’s policy such as a loss due to flood.  As with a house fire – a flood could render your clothing forever lost or just a moldy mess.

Burglary

As with any fine article, we strongly suggest you schedule your high end clothing.  In the event of a burglary an itemized list with current values will ensure you are reimbursed by your carrier for your stolen articles.

About Insurance Policies for Designer Clothing

Insurance for designer clothing is just like that for your home, business, car, etc. Not all carriers offer it, and coverages differ from state to state.   The policy will depend on:

  • Value of the wardrobe
  • What you want covered
  • How much you want to pay for the premium
  • How much of a deductible you want

To learn more about how your designer clothes can be protected from damage and loss, contact Founders Insurance Agency .

Dianna Christinat

Assistant Personal Lines Manager

dchristinat@foundersgrp.com

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