Wardrobe items tend to be routinely overlooked and undervalued.
For contents insurance of $400,000 we expect to have around
$80,000-$100,000 of cover for clothing. For those with a dedicated interest in clothing, these figures can be significantly more.
Five items not to overlook valuing your wardrobe.
These can easily be overlooked, especially when they’re kept in storage covers. Tailored suits typically cost between $1000-$3000, and we often encounter wardrobes containing 30 or more.
2. Dresses, jackets and coats.
These items from leading designers can cost from $2000 upwards of $10,000 dollars. Non-designer items combined together also become significant in value.
3. Designer shoes for both men and women can carry large price tags. The average person owns between 10 and 20 pairs of shoes. Often, we see collections that greatly exceed this.
4. High-value handbags can range from $1000 to well over $10,000.
5. Designer luggage collections like Louis Vuitton can add up to more than $10,000 for 2-3 pieces.
Most policies operate on a new for old basis. How much it would cost to replace items in your wardrobe as if they were new?
Thanks for all the amazing reviews!
We really appreciate the time taken to respond to our recent email request to review and comment on our service.
We want you to understand our role and how we can support your business to choose the right insurance, save you money and disappointment when making claims. Andrew and Monique Logan
As confusion continues over the COVID-19 pandemic and what is covered,
Logans offer complimentary cover reviews for new and existing clients.
Logan Insurance | Client Stories
We have created short videos to introduce our client stories
Betta Home Living
On New Years eve 2020, Betta Home Living in Bateman’s Bay was totally destroyed by bush fire.
Adequate property insurance meant our clients could be swiftly compensated for the loss.
Bitton was founded in Alexandria, Sydney in 2000. Since then, David and wife Sohani have launched a product range of the same name, a small business consultancy, Bitton Consulting and a second café,
Bitton Oatley. A third café is opening in Rose Bay in Jan 2020.
BOOB LOOB is one of our newest clients. Their product encourages women to perform breast checks that are easy and effortless. Boob Loob is designed for women to put their mind at ease without changing their daily routine. Proudly made in Australia and every bottle purchased online means $1 dollar donated to the McGrath Foundation.
At Logans we provide cover for businesses of all types.
While they are all different in their insurance needs, Betta Home Living, Bitton and Boob Loob
all have extensive cover placed through Logan Insurance Brokers. Cover for these clients includes Public Liability, Business Interruption, Transit, Product Liability,
Theft, Fire, Machinery Breakdown and Food Spoilage.
Our clients have saved $100’s a year by combining and customising their business cover.
Our business is to know your business. Logans will always provide options for the best available cover for your business. That way disappointment is avoided when it comes to making a claim.
If you would like to see how Logans can help your business, please use the link below.
A good insurance broker will ask relevant questions and seek to keep up to date on your business needs. They will also keep up their education in new products and cover in the market, ensuring you have the broadest choices available to you.