Your possessions may be more valuable than you realize. Most homeowners policies offer limited coverage for personal articles such as jewelry, cameras, golf equipment, fine art and collectibles, and computer equipment. We can provide the additional protection you need with a comprehensive valuable items insurance policy.
A variety of property may be covered by valuable items coverage.
| Artwork Baseball cards Books Coins Firearms Furs | Jewelry Memorabilia Musical Instruments Oriental Rugs SilverwareStamps |
A jewelry floater is an optional addition to a homeowners insurance policy that protects against financial loss from the damage or theft of valuable jewelry. Although basic homeowners policies typically provide some jewelry coverage, individuals with sizable or valuable jewelry collections often opt to purchase a jewelry floater in addition to their basic policy. If the jewelry does get damaged, stolen, or lost, the jewelry floater can provide a higher dollar amount of coverage than would be possible under the basic home insurance plan.
What Does a Valuable Items Insurance Cover?
Jewelry floaters typically cover a broader range of damage to your jewelry than homeowners insurance would. For example, a jewelry floater may cover:
- Accidental loss
- Theft, both at home and away from home
- Damage to the jewelry, such as broken prongs or clasps
A standard homeowners policy includes coverage for jewelry and other precious items such as watches and furs. These items are covered for losses caused by all the perils included in your policy such as fire, windstorm, theft and vandalism.
However, there are special limits of liability for certain valuable items, such as the theft of jewelry. To keep coverage affordable, because jewelry can be easily stolen, the standard policy has a relatively low limit of liability for theft—generally about $1,500. This means that the insurer will not pay more than the amount specified in the policy for any given piece of jewelry or other valuable item.
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