For most policy holders, the valuables inside their homes are as important as the homes themselves. If this sounds like you, it may be in your best interest to utilize the valuable item insurance coverage under your homeowner insurance plans to protect your furs, jewelry, antiques, etc.
Common coverage limits for most policies are:
• Jewelry and furs - $2,500
• Silverware and money - $250
• Guns - $2,500
• Tools - $1,500
However, even with this coverage, in most cases the insuring amount is not enough to cover the valuable item. For example, say that your $8,000 diamond ring was stolen but the coverage under your inclusive plan only covered $1,000; it is certainly not enough to cover your loss. With the purchase of a separate policy, you’ll have the peace of mind even with your most priceless valuable.
A few items covered under a separate valuable coverage policy are:
• video or camera equipment
• expensive plateware,like fine china and crystal
• furs and expensive attire
• musical instruments
• fine art
• personal computers
A separate policy can be purchased at higher coverage limits, and it covers accidental breakage, loss and damage by natural disasters. If you feel as if this coverage is a necessity to make sure that your assets are safe and secure, Darr Schackow Insurance will work with you to make sure that yours needs are met! For specific coverage amounts, give our office a call and we’ll evaluate your insurance plan: 888-337-9322.