Insuring High-Value Items of Personal Property: What You Need to Know

When it comes to protecting your valuable items, it's essential to make sure you have the right coverage. A floating policy is the best way to insure high-value items such as jewelry, watches, and other precious items. A standard homeowners policy provides coverage for these items, but it may not be enough. To ensure full coverage in the event of a claim, homeowners should consider purchasing a scheduled personal property policy.

This supplemental insurance policy extends coverage beyond what is offered in a standard homeowners insurance policy.Content insurance can also be used to cover your belongings if they are destroyed or damaged due to the specified hazards covered by your insurance policy. However, it's important to note that content insurance does not cover all types of damage, so it's essential to read the fine print and understand what is and isn't covered. When selecting an insurance policy for your high-value items, it's important to consider the type of coverage you need. A scheduled personal property policy can provide the extra protection you need in the event of a claim. Content insurance can also provide additional coverage for certain types of damage.

Be sure to read the fine print and understand what is and isn't covered before purchasing any type of insurance.