The newest entry to the list of items that are considered unique and valuable are golf clubs. In years past, a good set of sticks would never eclipse $1,500, which would make setting up special coverage highly questionable, and probably less than your deductible. If they were lost or stolen, it would be unfortunate, but not catastrophic.
That has changed
You can still put a set of clubs together for under $1,500, but the pursuit for the lowest score has driven costs to $400 a club for irons, and drivers are significantly more. Adding custom shafts to match your swing will just push that cost higher. It is little problem to easily ring in $5,000 for a complete set, including a putter.
The recently completed demo day at the PGA show had a set of gold plated clubs with a $50,000 price tag.
While $50,000 may be beyond your wildest dreams, reaching $5,000 for a set of clubs forces us to revisit the need the for scheduling, just like you would schedule a piece of jewelry or a work of art. This is especially true if you like to travel and bring your clubs along. It is not unusual for a set of clubs to be lost by an airline with limited options for recovery or payment. We read about the PGA tour pros having clubs lost all the time, and are not quite that important.
So as we approach golf season, if you are running a number in outfitting your golf game, take a minute to get a quote on scheduling your clubs in the event they are lost or stolen.
Contact Kyle at Shepard Insurance Group, he can help –firstname.lastname@example.org – 203-698-9342