Insuring an individual item.

Discussion in Other Insurance Type started by Lostvalleyguy • Mar 19, 2014.

  1. Lostvalleyguy

    LostvalleyguyActive Member

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    I inquired about insurance for my bike as my renter's policy is a bit weak when it comes to items like that. I was surprised at the price it would cost to insure something that isn't worth a great deal of money but worth enough that I wouldn't want to lose it. I am guessing the high price is related to the high rate of bike theft. I am wondering if people have tried to insure specific items and have also had to deal with a high cost or whether it is just for this one type of item. For example, do you have a valuable piece of art that you insure and is it expensive to do so?
     
  2. Denis Hard

    Denis HardWell-Known Member

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    Valuing artwork can be difficult so unless you're a famous artist or your piece of art cost a fortune I'm sure it will still cost a lot since artwork can be easily damaged. I've never had to insure something like that or items I attach some value to because to be honest, I don't trust insurance companies at all.