Valuable Articles Insurance

If your home suffered a fire or theft, would all your valuable possessions be covered under your home or renter insurance policy? While your home or renter insurance policy may be great at replacing electronics, clothing, and furniture, many insureds are surprised to find out some of their most valuable items have limited coverage.

The standard home and renter insurance policy typically limits coverage for valuable items to $2,500. Valuable items typically limited in coverage include:

• Furs
• Fine art
• Jewelry
• Cameras
• Silverware
• Smartwatches
• Guns and bows
• Musical instruments
• Collectible stamps and coins

Every insurance policy is different and may limit coverage to even more items. For many individuals and families, the limited coverage leaves a significant gap in their insurance program. To fill that gap, you can purchase a Valuable Articles or Valuable Personal Property insurance policy.

Valuable Articles insurance can be a relatively inexpensive way to protect your special items. As an example, premium rates usually range between $.75 – $.95 per $100 of coverage. This means someone who wishes to obtain $15,000 worth of insurance could pay as low as $113 per year. That’s great peace of mind for a great price!

Under a Valuable Articles insurance policy, you may also select coverage for lost property or accidental damage. Your special items can be individually scheduled or, for slightly more premium, you can purchase a blanket policy making it easy to make sure no valuables are uninsured. Lastly, most policies offer coverage worldwide and do not have a deductible, further reducing the cost to replace or repair your valuable personal property. If you would like to learn more about Valuable Articles insurance or to obtain a quote, contact me today.