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Insurance on Quilts

Insurance on Quilts

Old 12-20-2010, 05:35 PM
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I've just looked at Karenfae's "Finished my second Dear Jane top!" post in this section. The quilt is absolutely beautiful, and I cannot imagine how many hours it took to just piece the top. What I am wondering is, if you have a spectacular quilt like this, do you insure it? This is one of those almost never achievable quilts to me and I just wondered if any of you took out extra insurance on something like this? It's amazing.
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Old 12-20-2010, 05:38 PM
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If I owned quilts like some I have seen, I would definitely take out the extra insurance for them :D:D:D
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Old 12-20-2010, 09:09 PM
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I just need insurance on my stash!
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Old 12-20-2010, 09:15 PM
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I would definitely insure my quilt you put a lot of time and money on a beautiful quilt it is a treasure that would be very hard to replace.
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Old 12-20-2010, 09:28 PM
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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.
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Old 12-21-2010, 04:22 AM
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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.
Oh my... Well, if I ever happened to be GIVEN a DJ or Cathedral Window or something (to me) that is really spectacular (cause I know I'd never get one done myself) it would definitely be worth getting an appraisal... But then, that surely wouldn't cover the real cost of your time. You can't put a price on that.
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Old 12-21-2010, 05:41 AM
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I give most all of my quilts away, thereby leaving the insurance question to the recipient! The few I keep are mostly scrap quilts so it wouldn't be difficult to do more.
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Old 12-21-2010, 05:57 AM
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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?
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Old 12-21-2010, 06:05 AM
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I talked to my insurance agent about this, he said I had to have each quilt appraised for the value. It was a good ides to keep all reciepts for the fabric, too.
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Old 12-21-2010, 07:24 AM
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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.
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