Safeguarding Your Valuables: Protecting Art, Jewelry, and Collectibles in Your High-Net Worth Home

Posted on 14 July, 2023

When investing in your future, ensure that all your valuables and expensive personal items are safe from any possible harm, such as fire or flooding. As you enjoy your high-net-worth home and all the possessions you worked hard for, consider how to guard and protect them from various dangers.

Storing High-Net-Worth Items in a Safe

Organizing the home can help high-net-worth individuals to set aside a place to store documents in paper form. While it may not appear critical initially, having documents like your birth or marriage certificate handy in an emergency is essential.

Professionals recommend using a safe that can withstand the elements to keep your documents secure. You do not have to hide it in a wall, but you must have easy access. Purchasing a fireproof and waterproof storage place for your high-net-worth jewelry or art can also help you feel more secure.

Taking Control of Your Protection

As a high-net-worth individual, you should also have your essential documents on a flash drive for effortless electronic access. Protecting your valuables and their digital documents can help you if your paper copies become lost or unreadable.

Adding a password or encryption to the flash drive is another step you may want to take. This device could also contain scanned photos of papers you may need in the future, such as pictures of proof of significant purchases, wills, or the deed to your high-net-worth properties and vehicles.

Keeping Items in Strategic Places in Your High-Net-Worth Home

After making paper and electronic copies of the proof of purchase for your high-net-worth items, your next step is to find a safe place for items within your house. Professionals should appraise your valuables so that, in the case of theft, you can get what they are worth from your insurance policy. Pinpointing where each valuable is within your house and making sure the rest of your family knows where they are is also essential.

Trying to store valuables also requires knowing where you can easily access them. Once you pick a place within your home, purchasing a safe and protecting yourself against burglars with alarm systems can give you peace of mind.

Being Cautious About What You Share

Everyone in your household should refrain from discussing where your valuables are with friends or other people. Posting details about the worth of these items on social media or taking photos to put up on your account may accidentally attract the wrong kind of attention. Placing jewelry displays or high-net-worth art near a window is also not a good idea, even if you have secured the window.

Protecting High-Net Worth Valuables

You never know what dangers your house may face. Therefore, it is always best to take safety precautions. No matter what personal high-net-worth possessions you have, following a few simple steps can help you feel more secure.

About Byrnes Agency

At Byrnes Agency, we offer insurance solutions that can be tailored to meet your specific needs. Whether you’re looking for personal policies or commercial coverage, we have the right coverage for you. To learn more about our products, contact us today at one of our two locations.

If you’ve enjoyed what you’ve read here and would like to know when we’ve published a new blog post, please “like” us on our Facebook page, and share this with your Connecticut neighbors.

Dayville Office

Phone: (860) 774-8549

394 Lake Rd

Dayville, CT 06241

United States

info@byrnesagency.com

Hours of Operation: Monday- Friday 9:00am-5:00pm

Norwich Office

Phone: (860) 886-5498

6 Consumers Avenue

Norwich, CT 06360