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A new survey commissioned by ACE Private Risk Services finds that the wealthy enthusiastically embrace collecting items of value and distinction, such as fine art, jewelry and wine. What’s more, financially successful individuals plan to spend even more on collections in the coming year.
But while wealthy individuals treasure the intrinsic value of their collections, and increasingly view them as an important way to diversify their assets, they often neglect to protect their collections through proper insurance and loss prevention.
By following 11 key steps outlined in this presentation, collectors can protect their investments, properly insure their valuables and preserve the value of their personal treasures.