BASIC CHARACTERISTICS OF INSURANCE OF DESIGNER CLOTHES AND ACCESSORIES

Starting from the original purpose of clothes, to protect their user against weather conditions and help them meet the norms of social conduct, some clothes, over time, became a symbol of political and social status. Unique pieces of clothes and accessories serve to satisfy a particular need of a person and thus often become items of special affection of their owners. Nowadays, one needs not be especially wealthy to buy himself a few items of the so-called high fashion clothes during the year. However, designer clothes and accessories certainly are an investment that should be protected against loss or damage by an insurance coverage.

In this paper, the author shall analyse the insured subject-matter, insurance coverage, exclusions and special services provided by insurers, which add value to the coverage of designer clothes and accessories. In doing so, the author shall start from solutions stipulated under the terms and conditions of insurers on the British insurance market and, where feasible, the terms and conditions of the insurance of household contents provided by some local insurers.

Key words: insurance of designer clothes, insurance of accessories, risks, damage, indemnity.