La Playa Private Client: Insurance with Intelligence®

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La Playa: Insurance with Intelligence®

5 Reasons art and instrument collectors need specialist insurance

Standard insurance is based on historical statistics. If your home and contents don't fit with “national average” profiles, you could find yourself:

  1. Paying too much: many specialist insurers offer lower rates for higher value assets. Despite the headlines, art theft is rare – and rates reflect this; most claims are for accidental damage.
  2. Seriously under-insured: with a specialist policy comes an invaluable appraisal – to help avoid the danger of your sums insured being wrong. How can you be expected to follow fast-moving trends in fine art values – contemporary art has skyrocketed; but it could bomb tomorrow... Specialist policies will honour changes if you have a current valuation.
  3. Glass half empty: a standard policy may not include “pairs and sets” coverage – especially important for fine jewellery, so if you lose/damage one earring, the claim covers replacement of both.
  4. Facing limited options on replacement after a theft: it’s not easy to “replace” art. Specialist policies offer a full cash settlement so that you can choose not to replace, or source through your own supplier. Though art is rarely stolen, these policies provide cover for full replacement cost so you can buy from a gallery dealer rather than being stuck with Fair Market Value (what you would pay at auction).
  5. Out of pocket: even after repairs, damaged art and antiques may lose value: specialist policies will reimburse the difference.
5 Reasons art and instrument collectors need specialist insurance

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We can help with…

Homes
Homes
Home Contents
Home Contents
Prestige Car Collectors
Auto
Art Collectors
Art
Jewelry Collectors
Jewelry
Wine Collectors
Wine Collectors
Historic Property Owners
Historic Property
Yacht and Superyacht Owners
Yachts and Superyachts
Private Aviation
Private Jet
Travel Insurance
Travel
Security
Security
Valuations
Valuations

La Playa Private Client is your complete insurance solution, making it simple to insure everything you own and care about. Property, yachts and superyachts, high-performance and classic cars, private jets, art, wine, jewelry collections and more - alongside your liabilities.

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La Playa's Personal Risk Concierge service means advice
you can trust - from an expert who understands you:

  • Specialist, global policies for affluent lifestyles
  • Independent, expert advice
  • Boutique–style, luxury service
  • “Can do” culture
  • Worldwide capability with offices in New York & London
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As an independent broker, we can advise on the best policies available - and on risk management measures including valuations, security, fire prevention and property marking - preserving the value of your property and giving you complete peace of mind. We have access to excellent terms with high net worth insurers including Chubb, Hiscox and Hartford.

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La Playa’s Personal Risk Concierge means:

Careful listening to really understand your needs and priorities

As much help as you need with completing forms to provide risk information

A discreet and complimentary appraisal* of your property to assess the risks and ensure you have the right cover where you need it

An independent market review - so you don’t have to shop around comparing policies, cover limits, risks covered and smallprint exclusions

Careful monitoring of the insurers’ financial strength, claims and customer service

An independent recommendation of the best policy for you - and why

Specialist policy wordings from underwriters who have demonstrated excellence and deep understanding of your risk exposures. We have analyzed a wide range of policy wordings and have selected only the best for our panel. Our advisors have a deep working knowledge of these policies

An intelligently designed portfolio of protection across multiple asset classes and territories

Advice on how best to manage your risks - to keep you safe but also to keep insurance costs down

A dedicated advisor so you can speak to the same person each time.

Expert guidance on valuations, security and risk management, and connecting you with specialist advisers and suppliers

Direct phone and email access to your adviser for questions and advice. We aim to pick up calls within 3 rings and to respond to emails within 60 minutes

Policy documents emailed to you - no logins and passwords to remember

An advocate beside you if you make a claim - thinking laterally to mitigate the impact, making useful connections to get you back up and running, and driving through a swift financial settlement

No call centers, hold music, hidden fees. with La Playa, you are our most important client.*subject to availability with our insurer panel

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