Insuring an antiques business is slightly different than is the case with other retail outlets. This is mainly due to the fact that items being sold tend to be old, which means they are not necessarily replaceable on either an ‘as new’ or ‘like for like’ basis, which is how a normal policy would operate.
On top of this, antiques dealers do not always operate out of traditional single tenure premises, such as their own shop. Of course many do, but there are also a significant number of dealers located in antiques arcades, or who operate solely online. Many insurers will not extend their policies to accommodate such types of business, making insurance more difficult for a dealer to obtain.
All this mean antiques dealers need specialist insurance policies to take care of their unique needs, and at Coversure we can help with that.
We have been insuring people in the antiques trade for a number of years, so although your insurance needs may be considered unusual to some, they aren’t to us. We understand that your stock is your livelihood, so we carry out a comprehensive search to determine the most appropriate policy for your needs, while insuring the price is competitive.
We offer policies with a range of features, including process cover – which protects you if your stock is lost or accidentally damaged when it’s being worked upon or restored, as well as defective title cover – which covers you in case you suffer a loss from unknowingly selling on stolen goods or lose stock, when it turns out the original vendor had no legal title to the goods.
We can also provide specialist damage cover, which can extended to provide cover away from your premises.