How to Insure a Rug For Its Real Value
How to insure a rug can be sometimes difficult, but if you have enough proof of its value, all you need to do is to follow a few steps.
Rugs of All Nations is a professional Oriental and Persian rug establishment.
We offer appraisal service for rug collectors.
People who own new or vintage original Oriental - Persian rugs, and French tapestries-Aubusson should get obtain an official certificate of authenticity for each piece and make sure you have pictures of your valuable items along with appraisal papers stored in a safe place.
Since the price for labor and the raw materials always goes high throughout history, therefore, rug prices is for anyone who wonders what the advantages are to having your valuable rug professionally valued updated for insurance purposes.
Casual conversations about how much Knots per square inches in a rug may or may not to be worth are fine but when things get serious, vintage rug appraisers, actually have knowledge and experience worth discovering for the latest values.
How to Insure A Rug
Let's say you either inherit or have owned rugs for years or even decades and decide to sell. Without current appraisals, you make an easy target for unscrupulous treasure hunters who might tell you it's worth one thing when it's really worth much more. You can sell way too cheaply without any idea you're doing so, and the bad news is that if you do, you have little or no recourse for recouping your losses. An expert's opinion protects you from these kinds of unfortunate outcomes.
Update your rug collection appraisals every five to ten years. Vintage rug prices fluctuate over time. Updating appraisals is mainly done for insurance purposes.
You may ask who insures Oriental-Persian rugs or French tapestries-Aubusson?
You have many choices:
First, you can shop for a dependable insurance company that specializes in that industry
Second and most popular choice is to add your valuable items to your Home-Owners insurance policy.
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