Do you own valuable jewelry, collectables or equipment that would be hard to replace?
Your homeowners policy may not cover the full value of your cherished possessions.
A standard homeowners policy includes limited coverage for jewelry and other precious items such as jewelry. These items are covered for losses caused by all the perils included in your policy such as fire, windstorm, theft and vandalism. One example of a limit is for the theft or loss of jewelry. The standard policy has a relatively low limit of liability for theft, generally $1,000.
Consider Personal Valuable Property Coverage for:
- Silverware, china and crystal
- Fine Art
- Stamp and coin collections
- Sports equipment (archery, camping, fishing, skiing, golfing)
- Musical instruments
There are two options for insuring your precious possessions, a floater (separate policy just for valuables) or add-on coverage to your homeowners, condo, or renters insurance.
The Add-on coverage allows you to increase the limits and expand the coverage of your homeowners, condo or renters policy. Typically the floater or separate policy is ideal for more expensive articles with values that exceed the amount a homeowners policy can cover.
Talk with Preferred Insurance to review which option will best fit your needs. Protecting your valuables against loss is an affordable option and one you will be glad should the unthinkable happen.