The most valuable possession that you own is probably your home. It’s also one of the most vulnerable. Weather accidents, floods and property mishaps can easily damage it. But it’s not just the outside structure of your home that’s so valuable. Your contents and possessions inside it also require unique coverage. In this article, we’ll help you learn more about insurance protection for your valuable items.
What Is Insurance for Your Valuable Items?
Most renters, condo and homeowners insurance policies will cover your personal property, including items like:
- Furniture
- Clothing
- Appliances
But your basic policy may have some restrictions when it comes to valuable items that are stolen. Jewelry, furs, silverware and firearms are covered for the named perils (such as fire, lightning, explosion, riot, vehicle or aircraft damage) in the policy up to the contents Coverage C limit except when it comes to theft. The basic policy only provides up to:
- $1,500 theft coverage for jewelry, watches or furs
- $2,500 for theft of firearms
- $2,500 for theft of silverware
In order to have more theft coverage, a different endorsement is needed. When you buy this extra coverage, you not only get more theft protection, you also get coverage for more causes of loss like breakage or mysterious disappearance.
You can cover valuable items like:
- Cameras
- China
- Crystal
- Computers
- Fine arts
- Firearms
- Furs
- Musical instruments
- Jewelry
- Silverware
Valuable items coverage also protects your property if it’s stolen, lost or damaged. For example, you’re washing your hands in the kitchen sink and the diamond in your wedding ring falls out and goes down the drain. You call a plumber but you’re unable to recover it. Valuable items insurance can help pay the cost to replace the diamond.
Or, perhaps you’re on a cruise and you’re taking photographs with your expensive digital camera. You accidentally drop the camera over the railing and it falls into the ocean. Valuable items coverage can help pay the cost to replace the camera.
You also don’t need to specifically list items that are covered. You’ll only need to provide documentation of ownership to make a claim for the lost, stolen or damaged item.
Valuable items blanket coverage can add a layer of protection for items like jewelry, electronics, dinnerware and more.
Is Valuable Items Insurance Right for You?
Homeowners or renters insurance can cover a significant amount of personal property. If you own items that are worth more than the limits of your special items (jewelry, furs, silverware) and you want to be covered for more than just the basic types of loss, then you should buy valuable items insurance.
In some cases, you might have a piece of jewelry worth almost $10,000. If this is stolen, your personal property insurance may only cover $1,500 to replace that item. You could be left with a personal loss of $8,500. Even if you have several lesser value items, such as some gold necklaces or bracelets, Valuable items blanket coverage can help you get the right level of protection.
Peace of Mind Is a Gift
It may seem like you have plenty of coverage for your personal items. But for those special, and particularly valuable items, you may need an extra level of protection. Whether it’s valuable jewelry or your family silverware set, you’ll want coverage that can help replace those items if something happens to them. Valuable items coverage can do just that—and provide peace of mind.
View Comments (25)
How much does "Valuable Items Coverage" cost?
Alan - Thanks for your interest. To get a quote, please call 877-422-2345. Customer service representatives are available M-F: 7 a.m. to 11 p.m. ET and Sat-Sun: 8 a.m. to 6 p.m. ET.
Interested in coverage for a specific painting, for which I have the original receipt.
Mary - To get a quote, please call 877-422-2345. Customer service representatives are available M-F: 7 a.m. to 11 p.m. ET and Sat-Sun: 8 a.m. to 6 p.m. ET.
I don't know what you mean by moderation. I thought that the question was pretty straight forward.
Does Hartford insure objects with intrinsic value? Are they scheduled? How are fees structured?
Etc.
R Dean
I want to add this additional insurance to my policy.
Brenda - We're glad to hear this. To get a quote and add this coverage to your policy, please call 877-422-2345. Customer service representatives are available M-F: 7 a.m. to 11 p.m. ET and Sat-Sun: 8 a.m. to 6 p.m. ET.
Robert and Judy - Please call 1-888-413-8970 and one of our representatives can gladly assist you with your question.
Does Hartford provide valuable item coverage? The last time I inquired I was told it didn't.
Could someone clarify?
R Dean
Robert and Judy - Please call 1-888-413-8970 and one of our representatives can gladly assist you with your question.
I have jewelry insurance for slightly under $10Kwith another company, Jewlers Mutual. In general, how do your rates compare?
Valerie - Thanks for reading. The valuable items blanket coverage from The Hartford doesn’t have a set price. It will depend on which items you insure. To get a quote, please call 1-888-413-8970 and one of our representatives can gladly assist.
I wish to add an umbrella policy to my home and auto insurance. Please contact me.
Barry - For questions about your home policy, please contact Customer Service at 800.423.0567.
Awesome that is a really good. Don't stop the great work
I want to know if my hearing aids are covered under my insurance. thank you very much for your response. sincerely mrs. belzer
Hi Marie, For questions about your home policy, please contact Customer Service at 800.423.0567, our agents are available Monday-Friday 7am to 11pm EST and Saturday and Sunday 8am to 6pm EST. Thank you!
We have roughly 7K in musical equipment, and 5K in golf equipment (Golf Professional). I didn't see sporting equipment blanket. Homeowners only covers $1500
What documentation of ownership is required? Would photos suffice? Is an appraisal required?