Are your most prized possessions properly covered?

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 valuable possessions insurance comes in.

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