Valuable items, like jewelry or a new car, are likely prized possessions, and it’s important to get the right type of insurance and the right amount of coverage to protect them. With the holidays right around the corner, here are some tips for insuring high value items:
Items should you consider insuring:
- Jewelry
- Vehicles
- Electronics
- Collectibles
- Musical Instruments
Check what your policy covers
Whether it’s homeowners, condo owners or renters’ insurance, check to see what the policy covers and what coverage limits are for valuables.
Get your items appraised
If unsure how much valuable items are worth, consider getting them appraised by a professional. An appraisal will help determine if an insurance policy’s coverage limits offer enough protection or if extra coverage is needed.
Purchase an endorsement
One good way to insure jewelry or other valuable items is to get a quote from a specialty insurer that covers fine jewelry and other valuables or purchase a scheduled personal property endorsement.