Valentine’s Day is a time when many couples get engaged. Your engagement ring is one of the most valuable and emotional possessions you will ever have. Gifts of jewelry are often associated with other special occasions such as anniversaries, promotions, births of children and so forth. Many of our customers ask us to how to properly insure valuable items such as jewelry, silverware, furs, guns and other items. Most all homeowner’s and renter’s policies do have some coverage for these items as part of the contents on the policy but there are limitations for claims such as theft.
Have you ever?........
Lost an item
Left your bracelet in a hotel room
Dropped something valuable while cleaning
Taken off your ring while doing dishes and lost it down the drain or garbage disposal
Had the stone fall out of the setting and been unable to find it
You can cover these misfortunes by purchasing a valuable items policy to give you peace of mind and protect your prized possessions.
Limitations of most homeowner’s and renter’s policies
Loss by theft is usually $1000 or $2500 maximum
Limited coverage away from your residence
Limited or no coverage for mysterious disappearance or lost items
No coverage for dropping or breakage
Difficulty proving the value of an item
Deductible is subtracted from the settlement
Advantages of adding coverage for valuable items
You select the value of any item with an appraisal
World wide coverage
Broad coverage to include mysterious disappearance, lost or broken item
A valuable items policy is a cost effective way to insure those items that are very dear to you.
If you would like further information please call us at 352-1234 and we can help you understand this important coverage.