Mountain View Insurance – Valuable Items Insurance
Homeowners Insurance policies do extend out certain coverage to valuable items in the home but they place limitations on those types of items. For instance, some homeowners insurance policies will only cover a max of $1,500. So, here is a short list of the items to consider placing on a valuable items policy which is also known as a personal articles floater.
- Coins
- Stamps
- Jewelry
- Engagement Rings
- Art
- Firearms
- Collectibles
- Silverware
Valuable Items Insurance – The Appraisal
It is often required to present an appraisal of the valuable item at the time of insuring whatever it may be. This is to protect the consumer and the insurance company against fraud. If you do not have an appraisal for a valuable item that you want insured you can contact a local jewelry shop or professional and they can provide that service.
Valuable Items Insurance – Engagement Rings
Engagement Rings are the most common type of item that are insured through a valuable items insurance policy. The cost of the policy is very affordable, ranging from $50-$500 per year usually. Among other incidents, the policy usually covers if the ring is lost with an optional zero dollar deductible.
Valuable Items Insurance – Jewelry
Consider compiling a list of your jewelry that is worth more than $1,000 that also has an appraisal. You may be surprised at the affordability of the policy and the coverage options available. Every piece of jewelry will be listed individually on the same policy. It is a very easy and efficient to properly cover your possessions.