Your homeowners policy may not protect all of your valuables
If you want to safeguard valuables like jewelry, special collections of artwork, or even expensive sporting equipment, you should consider a Collections or Valuables policy (known as scheduled personal property).
The reason? Most homeownerâ€™s policies set limits on the amount of coverage for theft of these personal items. If the value exceeds that policyâ€™s limit, youâ€™ll find too late that you have a coverage gap.
How does CAV provide additional peace of mind?
- Simplification. Weâ€™ll provide a thorough explanation of the items that should be covered, and how to best protect them.
- Accuracy. Our insurance professionals will assist with inventorying and determining value.
- Broader protection. Scheduled personal property may be covered for additional risks, including accidental loss (such as jewelry lost down a sink drain), which typically isnâ€™t covered by standard homeowners policies.
- No deductible. When you make a claim on a scheduled item, there is usually no deductible (your standard policy, on the other hand, may require payment of a deductible for those items).
Examples of scheduled items:
- Jewelry & furs
- Sports equipment, like guns, bicycles and golf equipment
- Musical instruments
- Personal computers or high-end electronics
- Oriental rugs
- Wine & other spirits collections
- Collections, such as baseball cards, coins or stamps