NPR recently reported about the importance of taking extra precautions to protect expensive artwork, jewelry, exotic cars and other valuables in the event of a hurricane in south Florida.
The need has even led to something of a growth industry: Just as the need for extra space led to the boom of the self-storage industry in the 1960s, so has the need to protect exotic valuables from storm damage led to businesses like Museo Vault, a business aimed at protecting high-priced assets like artwork or cars.
Our Miami insurance dispute attorneys encourage you to determine the coverage needs for expensive items in your home and take steps to make sure that you are properly covered in the event of a hurricane. Conversely, if you are dealing with an insurance company that refuses to pay a legitimate claim to which you are entitled, contact our office to discuss your rights.
NPR reports Miami’s booming art reputation has led to a cottage industry of art galleries and other businesses that specialize in handling, shipping and storing art. The idea for Museo Vault cane after the busy 2005 hurricane season.”The topic of conversation was how to keep artwork safe in this environment where we have five or six months of terrible hurricane storms that come through,” said owner David Lombardi.
Museo Vault advertises itself as a facility designed to withstand the 200 mph winds generated by even the most powerful hurricanes. Art is stored at least 35 feet off the ground to protect it from even the most aggressive storm surge.
Art collectors also know that a solid hurricane protection plan can be required by insurance companies.
A similar facility, RoboVault, has also opened up in South Florida. The facility has an area for story wine and seven enclosed garages with a robotic arm that can store and retrieve exotic and antique cars.
That facility also provides storage for gold, silver and other precious metals.
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