Valuable Items Insurance
A diamond engagement ring. An antique sewing machine passed down from your grandmother. A unique sculpture acquired during your trip to Cambodia. A luxury designer watch. Your wedding ring. All of these are high-cost items that hold a special meaning for you. And all of them have coverage limitations on a standard homeowners or renters insurance policy, so it is up to you to protect your valuables by obtaining proper coverage.
Get a QuoteProtection For Your Most Valuable Possessions
A Valuable Items Insurance typically provides coverage for jewelry and furs, artwork and antiques, silverware, musical instruments, coin or stamp collections, expensive cameras and firearms. Most of these items are covered on a standard homeowners or renters policy, but only up to relatively low policy limits, typically subject to policy deductible. Insuring them separately under a Valuable Items policy provides customized protection and can even include mysterious disappearance worldwide.
At Kuzbiel Insurance Brokers, we work with a variety of insurance carriers to provide coverage options for your valuables that are specific to your needs. We also review your policy at every renewal and keep you informed about any alternative offers or discounts.
Advantages of Valuable Items Insurance
Standard homeowners or renters insurance policies include coverage for some of your valuables, but only up to a certain limit, usually between $500 and $2,500. Even if you add bulk coverage to an existing policy, there are usually “per item” limits that may be much lower than the value of your engagement ring or necklace. Insuring your valuables on a separate policy provides itemized coverage for specific items up to their full value.
A separate policy provides protection for mysterious disappearance which is usually not covered by a standard homeowners or renters policy.
Finally, separating your valuables protects your homeowners or renters policy from a rate increase if you have to file a claim for one of the items.
Get Your Valuables Appraised
While you may not need to provide an appraisal to purchase the policy, insurance carriers will require one when you file a claim. Having an appraisal will also help determine the best insurance options for your valuables.
You should also create an inventory of your valuable items and keep track of all receipts, photos and appraisals. Providing as much information as possible about a specific item will be helpful if you ever need to file a claim.
