Value covers for invaluable goods

In case of items that are banned now, insurance will be possible only if there is govt certificate

Paying Rs 50,000 annually to insure a 75-year-old tiger skin may be chicken feed for a collector. The trouble: There is a danger of landing up in jail, as tiger skins are banned in India now. The way out is to get a certificate from the government that the skin is from an earlier period and, hence, does not come under the current banned list. 

But as Kapil Mehta, founder and chief executive officer (CEO), Secure Now, found out, insurers might still be unwilling to provide cover because of the government ban. Mehta cites the case of one of his