Handbag insurance ?

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#331
The short answer is, yes.

The long answer is, work with a reliable/trusted insurance agency and agent.

Asses value, existing policies and what they cover and your actual demand.

Make sure you understand all of the terms and conditions. Do not take the spoken word for granted, request everything in written.

I.e. if the agent tells you your Himalaya Birkin is covered under that "only 9.99/month" home owners policy, it would be good to get that confirmed in written. To exaggerate a little for the dramatic effect. ;)

Kind regards,
Oliver
 
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#332
My bags are under an insurance policy with my jewelry. if you have an extensive collection, I highly recommend it. My policy for my jewelry and bags is with Chubb. They understand high value items and are easy to work with. I did have to provide pictures, receipts and a detailed description of each item. Even if you don't go the route of an separate policy this is important to have in the event something happens to the items.
I have been previously robbed (many many years ago) and I did not have receipts and pictures. I had to go back to the stores and was lucky enough to get a copy of them but it is not always that easy.
Hope that helps anyone that is considering insuring!
 
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#333
lelgin said:
Jewelry has sublimits placed on it, handbags usually do not and the replacement of the is included under the contents portion of your policy. In other words, you usually don't need to purchase additional coverage, or a rider, to cover your handbags. Just make sure you are carrying enough contents coverage.
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Thanks, in addition to this should I do anything else like have copies of receipts or something for if I ever have to file a claim??
 
#335
Hi! I recently purchased my first CHANEL medium flap bag. A friend suggested I get it insured and I agree as the crazy new prices do have me a little worried. However, I live with someone else and putting it under the home insurance is not an option. Is there any other way to get insurance for it alone? I do have other luxury bags and shoes I could definitely add on, and I've been eager to buy more, but I uncomfortable doing so before having this figured out. Any advice helps as I am completely lost! Thanks!
 
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#336
alexiswesterly said:
Hi! I recently purchased my first CHANEL medium flap bag. A friend suggested I get it insured and I agree as the crazy new prices do have me a little worried. However, I live with someone else and putting it under the home insurance is not an option. Is there any other way to get insurance for it alone? I do have other luxury bags and shoes I could definitely add on, and eager to buy more, but I am uncomfortable using it or purchasing another before having this figured out. Any advice helps as I am completely lost! Thanks!
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Scheduling luxury items under a homeowners or renters policy would be your only options in the US.
 
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#337
I think you can take out a personal articles policy, that’s what I have for my cartier love bracelet. I was able to do that with Staye Farm without having home or renters insurance. I heard Jewelers Mutual is also good! Compare some rates and see what you like. I’m happy with State Farm.
 
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#339
GucciGoneWild said:
I think you can take out a personal articles policy, that’s what I have for my cartier love bracelet. I was able to do that with Staye Farm without having home or renters insurance. I heard Jewelers Mutual is also good! Compare some rates and see what you like. I’m happy with State Farm.
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THANK YOU SO MUCH!!! This helps a ton! I'll check it out first thing Monday morning!!
 
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#340
GucciGoneWild said:
I think you can take out a personal articles policy, that’s what I have for my cartier love bracelet. I was able to do that with Staye Farm without having home or renters insurance. I heard Jewelers Mutual is also good! Compare some rates and see what you like. I’m happy with State Farm.
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State Farm said no, handbags are too "high risk" so they don't insure them. Major bummer! Does anyone know of anywhere I can get insurance for a Chanel bag without homeowners?
 
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#341
Depending on the circumstances there may be other ways to make a claim if your bag is damaged.

My car insurance company offered to replace my Tumi shopper and Bognor jacket after a write-of car crash.

I didn’t accept as the bag & clothes were dusty but ok.

I know of another lady who had the same sort of accident & her insurance company replaced her bag.

If the damage or theft happened on someone else’s property their insurance possibly might cover your loss.
 
#342
Katinahat said:
I’ve just renewed my house insurance and specifically asked about my bags. I was told that they are included in general contents rather than valuables likes watches, jewellery and cameras. As well as calculating the total contents, i checked what the single item limit was. My policy requires items to be listed if worth over £3000 each. I love my collection but nothing is that valuable on its own. Some policies have it that over £1000 must be listed.

The other thing worth checking is how much cover you have away from the house in case anything is stolen :sad:. I increased this as I sometimes take a couple of bags away on holiday.
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Which insurance provider was this? Did you need to provide a valuation? I have Chanel handbags I wanted to cover, but as these were over 2 years old they wanted me to get a valuation for them so they can provide a replacement old anything happen.
 
#343
I’m in the UK, and it is John Lewis financial services. I have the receipts for all my bags photographed just in case. None of my bags are likely to be as valuable as a Chanel.
 
#344
Minimalist_Chic said:
Which insurance provider was this? Did you need to provide a valuation? I have Chanel handbags I wanted to cover, but as these were over 2 years old they wanted me to get a valuation for them so they can provide a replacement old anything happen.
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I’m in the UK, and it is John Lewis financial services. I have the receipts for all my bags photographed just in case. None of my bags are likely to be as valuable as a Chanel.
 
#345
I've just now gotten around to getting my jewelry and a Chanel handbag appraised, and requested that my insurance agent add these items to my scheduled property coverage in addition to my other policies. I emailed over the appraisals as requested.

Then, suddenly what could be done over a phone call in a few minutes turned into we need to increase coverage liability to USD 150k followed by "I don't understand these values, please come into my office with the appraisals in hand." The replacement value of everything is about USD 32k.

Question: Am I right in thinking something about this sounds off? I expect he'll try to upsell me on something else completely unrelated, but what else do you think I should expect?
 
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