Typical homeowner’s policies are designed primarily to protect your home, personal liability and general contents of your house.

But if your property includes high value contents like heirlooms, jewelry,  an art collection, your silver or china collection, or even the wine collection you’ve been maintaining for years, you can’t depend on the typical home owners policy to keep your property protected.

Many people think that their valuables will be covered for their entire value under the contents limit on their home owner’s policy.  Don’t get caught off-guard: in a usual home owners policy there are many sub limits on valuable items, making it unlikely that all your belongings will be replaced for their full value.  In order to better protect your exceptional items, it’s important to have them covered under a valuable articles policy.

This policy is designed to schedule your valuable items at an appraised value that is agreed upon by the insurance company.  The advantage here is that you can determine what you would be paid in the case of a claim.  At the time of a covered loss, you would get 100% of the itemized value in a loss settlement–all with no deductible or depreciation.

Coverage is expanded in a valuable articles policy.  There are a number of special coverages, including:

  • Inflations Protection –  to make sure as the value increases with time, you are never underinsured.
  • Pairs, Set and Parts Coverage – to protect you if you lose one item of an itemized pair or set, you can receive the replacement cost of the entire pair or set as your settlement – up to your coverage limits if you provide the insurance company the remainder pieces.
  • Blanket Coverage – This is available for many items. Instead of insuring each piece, you can choose a total or blanket limit of coverage for a category of items (e.g. a collection of china or silver).

If a precious stone from your wedding ring goes missing, your standard homeowner’s policy can’t help. But under the valuable articles policy, lost items are covered. There is also coverage for items stored in vaults, and even coverage for your pedigreed dogs.

Valuables that are important to you require a policy that will leave you protected.  High-investment and inherited items are subject to the same kind of accidents as the rest of your property, and the licensed professionals at InsuranceAgency.com can help you put together a policy that will leave your hobbies and valuables covered in the event of a loss.