78% of Kansas City Attendees at Chubb’s Roadshow Want Insurance

Most of the people who attended Chubb Corp’s Antiques Roadshow in Kansas City this summer were interested in making sure that if they found out they had a valuable antique, collectible or other item it was properly insured.

Chubb interviewed more than 1,100 people at the July 27 event at the Kansas City Convention Center and found that 78 percent would make sure a valuable item was protected by insurance coverage. “Only 3 percent said they would not insure the item, and 19 percent were not sure what they would do,” according to the company’s announcement.

“While we were delighted to reaffirm that most people consider insurance important in protecting their valuable assets, I’m afraid that they may not know if they have adequate coverage,” stated Mary Ann Avnet, a VP of Chubb & Son and marketing manager for Chubb Personal Insurance. “Last year’s survey of Roadshow attendees in six cities showed that many people do not know the limitations of their coverage. They are not aware that their insurance policy may pay to replace an antique with a new version of the same item. For example, if an antique rocking chair worth thousands of dollars is lost or damaged, it may be replaced with a new replica antique rocker worth a fraction of the cost of the antique. Furthermore, if they lose a piece of jewelry or accidentally break a rare glass vase, they may find that their policy does not cover mysterious disappearance or accidental breakage claims.”

She cautioned property ownerS to ask their insurance agents for a full explanation of the scope and limts of their coverage. “Just calling your agent and asking if the item is covered under the policy is not going far enough,” Avnet stated. “You need to ask whether there are limitations and on what basis a claim will be paid.”

Topics Kansas Chubb