Most people remember to include their expensive jewelry and firearms in their homeowner’s insurance or renter’s insurance policy, but they often forget to insure other expensive items that may be stolen from their home or damaged in a flood or fire. Designer shoes should be included in a homeowner’s insurance policy so that they policy holder will be repaid if something should happen to their expensive footwear.
Collecting designer shoes can be an expensive hobby - depending on how expansive someone’s collection is. are a significant investment. I know of some women with more high heels than they could ever need. A pair of Christian Louboutin boots can easily cost $1500 or more, Stuart Weitzman pumps are around $500 a pair, and Manolo Blahnik heels usually cost more than $1,000. It would be heartbreaking for a woman to lose that kind of investment. According to some fashion shoe blogs, even women who don’t have the money to spend hundreds on a single pair of designer shoes are likely to have a shoe collection that is worth more than five thousand dollars total. An insurance policy cannot replace the sentimental value that many women place on their shoes, but it gives the insured person the money to replace the shoes that have been stolen or damaged. Shoe shopping after a disaster can be very therapeutic.
It is a good idea for renters and homeowners to talk to their insurance agent about adding coverage for the expensive items in their home such as shoes. Many insurance companies give renters or homeowners the option of choosing to insure their items for either the amount of money they originally paid for their items or the amount of money it would cost to replace the items at the time they need to be replaced. A good insurance company is likely to want a detailed description of each item as well as several pictures of the item.