Insuring Designer Handbags

The most popular and, perhaps, simplest way to obtain insurance on items such as handbags is to go through your homeowners insurance plan.  It doesn’t always provide the most comprehensive of cover however and some bag owners may not feel that it is not enough cover for them.

Another option is to learn about the warranty that your designer bag is under based on the brand that makes it. Coach, Chanel and Prada, for example, can offer a one-year warranty on all their products. Gucci purses, on the other hand, are usually under lifetime warranty. Other brands the likes of Louis Vuitton don’t offer any warranty whatsoever.

The easiest way to figure out whether your handbag falls under any type of protection plan is to call up the various brands or ask about your options before actually purchasing the product.

Most, if not all, of these warranty policies only really cover damage on your handbag and offer complementary repair services. So don’t expect to get any sort of cash back if your bag is lost, stolen, burnt or floods within your home. If that is what you are seeking protection from, you should consider additional insurances to factor these possibilities.

Once considered a mere add-on to the end of an insurance policy, the last 20 years has seen the importance of couture clothing and designer handbags come to the forefront of importance, in both value and collectability.

The world of Hermes, Celine, Bottega Veneta, Gucci, and many more of the world’s premium brands have in some cases performed better as investments than many more traditional items, and as such should be valued regularly – with prices increasing by 200% in some cases over the space of a year. Can you afford to be under-insured? Why not contact Doerr Dallas Valuations to ensure your collectible items are valued for the right price each year.

Lastly, it is hugely important to look after your collectible items. Storage should be a huge factor in how these valuable items are stored. A cool, dry place, away from direct sunlight should ensure that no damage occurs and will help ensure their value. Additionally, maintenance – such as conditioning and cleaning can help prolong the life of your handbag but take care and seek advise before you go ahead and maintain your valuable items.

For help on insuring items such as designer handbags, get in touch with us on 01256 463090 for more details and assistance.