Accidents Happen, Make Sure You’re Covered.
Accidents happen. Diamonds fall out of rings. Art gets stolen. We’ll get you the protection you need for your most precious belongings in the event of loss through theft, fire or other causes of loss.
You may think that a homeowners insurance policy provides adequate coverage for all your valuables, but most policies may provide limited or no coverage for certain items — including generally expensive items — that are damaged or stolen.
What valuable articles have limited coverage under a homeowners policy?
- Any rare or unusual collectible articles
- Audio, visual and photographic equipment
- Computers, laptops, tablets and notebooks
- Pictures, prints or works of art
- Precious metals or stones
- Stamp, coin or other collections
- Musical instruments
- Sports memorabilia
Most homeowners insurance or renters insurance policies have a limit on how much they will pay for any single item. That’s where valuable articles insurance comes in.
For example, many homeowners policies generally have a $1,000 or $1,500 coverage amount for jewelry if the loss is due to theft. Such limits are in place to help keep homeowners policies affordable. However, if jewelry valued at $5,000 is stolen from your home and you have a $1,000 policy limit, you can only receive $1,000 from your insurer to replace the stolen items. By purchasing valuable articles insurance coverage you would be protected up to the $5000 needed to replace the jewelry.