Originally Posted by ghostrider
Originally Posted by Shelley
Funny this came up, I met with my insurance agent today.
Insurance will only pay on a completed quilt if there is an appraisal. On your incomplete quilts, the insurance is on the value of your fabrics IF you have receipts.
Shelley, do you then have to have it covered as a rider on your homeowner's insurance, like jewelry or art, or what?
I would assume so. My question to the insurance agent was mostly for customer quilt tops in my possession. This is why I'm usually booked out for several months, but I try not to have the quilts in the studio for much more than a couple weeks before the month they are scheduled.
On professional LA sites, this issue has been discussed a lot. Get your special quilts appraised by a certified quilt appraiser. This is especially important if you are shipping a quilt to a quilt show. You can buy all the insurance you want - but they won't pay without an appraisal.