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Valuable Articles

 

Typical homeowner’s policies are designed primarily to protect your home, personal liability and general contents of your home. However, if your property includes high value contents like heirlooms, jewelry, an art collection, your silver of china collection, or even the wine collection you’ve been maintaining for years, you can’t depend on the typical homeowners 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 homeowner’s policy. Don’t get caught off guard. In a usual homeowners 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 is 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.

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

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. A licensed professional at Abercrombie Burns McKiernan & Company Insurance, Inc. can help you put together a policy that will leave your hobbies and valuables covered in the event of a loss.