Kemper Auto and Home recently introduced its collectibles program, a new product enhancement initiative for the professional collector with a broader range of coverage options.
The program provides additional premium credits for protected jewelry and a rate structure that better recognizes the exposure of individual collectibles rather than aggregate value.
The program includes a revised Scheduled Personal Property (SPP) and Blanket Value Insurance (BVI) rate structure. The SPP changes include new premium credit for “melee” jewelry, which is classified as an array of gems in one setting, a new premium for highly-protected jewelry, which is jewelry secured in a stationary safe or vault, and new rates for high value jewelry and fine art.
There has also been an increase in BVI limits.
The Collectibles Program establishes new jewelry credits and debits, and contains 96 classes of collectibles. In addition, it introduces a $50,000 class limit and a per item limit of $5,000. The program targets current and future KAH Package Plus customers who are amateur hobbyists. The program is not created for active professionals who collect for profit.
For information on the program, contact Cathy Carpenter at ccarpenter@kahg.com
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