Valuable Possessions Insurance
Valuable possessions insurance safeguards your most prized belongings.
Protect your most prized possessions with valuable possessions insurance. As an independent agency, we shop multiple carriers to find the right coverage at the right price for you.
Valuable possessions insurance helps protect what matters.
Most homeowners insurance or renters insurance policies have a limit on how much they will pay for any single item. While this is fine for most possessions, it can mean you won’t get the full amount for expensive items such as jewelry or artwork. That’s where insurance comes in.
What Is NOT Covered by a Standard Home Policy?
This is where many homeowners are caught off guard. Common exclusions include:
- Flood damage — requires a separate flood insurance policy
- Sewer or septic backup — requires a special endorsement
- Surface or groundwater damage — typically excluded
- Jewelry and valuables — covered only up to set limits; a scheduled endorsement provides fuller protection
Important: Many policies default to actual cash value, which pays what your item is worth today, not what it costs to replace it. Replacement cost coverage pays the full replacement value. We help you understand the difference before you file a claim.
Get the actual value to replace what you’re covering.
A valuable possessions policy has other benefits, in addition to making sure you are adequately covered. For example, you may be able to get coverage based on the actual replacement value of the item that you are insuring rather than a generic market price. It’s well worth getting regular valuations and keeping your policy up-to-date to reflect these figures.
Additional coverage for accidental damage.
Some policies may also have the option of covering accidental damage to expensive items like jewelry or artwork—something that isn’t always an option with home insurance. These items may include:
- Antiques
- Artwork
- Collections
- Electronics
- Jewelry
- Musical Instruments
- Oriental Rugs
- Watches
Covers what home insurance alone cannot.
Another option worth considering with valuable possessions insurance is coverage that isn’t restricted to your home. For example, a home insurance policy often won’t cover loss or damage to jewelry that you wear out of the house—whether that’s a necklace on special occasions or an engagement ring you wear every day. These types of policies will often have the option to cover such losses.
Not sure if valuable possessions insurance is for you? Contact us to learn more.