When it comes to insuring your home and its contents, wardrobes are often overlooked and undervalued. At Chubb, it’s one of the most common areas our clients pass over when taking stock of their possessions, despite often having highly valuable clothing collections.
Dresses, jackets and coats. Dresses from some of the world’s leading designers can cost from $2,500 to $80,000. Even multiple non-designer items, when combined, become significant in value. This also applies to clothing types which tend to be higher cost anyway, such as winter jackets and overcoats.
Handbags. It’s not uncommon for our risk consultants to encounter designer handbags averaging $3,000 - $10,000 in value—and the occasional high-value collector bag can be as much as $50,000.
Luggage. Designer luggage collections can be routinely valued at $12,000. And some carry-on luggage can cost over $2,500 for a single case.