Valuable Items Insurance

Your possessions may be more valuable than you realize. Most homeowners policies offer limited coverage for personal articles such as jewelry, cameras, golf equipment, fine art and collectibles, and computer equipment. We can provide the additional protection you need with a comprehensive valuable items insurance policy.

A variety of property may be covered by valuable items coverage.

Why Your Jewelry Should Not Be Covered by Homeowner’s Insurance

If jewelry is on your homeowner’s policy, there are a number of caveats to consider:

• The impact of a jewelry claim is serious!
• Jewelry loss counts as a Homeowners Insurance loss.
• Jewelry losses hit CLUE and PILR reports.
• You lose your homeowner’s “claim free” rating (if currently in place).
• Homeowner’s policy is difficult to re-market after a loss.
• “Mysterious disappearance” claims, in particular, are red flags.

Other Disadvantages

• Homeowner’s policies have capacity limitations.
• Many homeowner’s carriers will not cover higher-value jewelry.
• Homeowner’s policies will not list non-family members with “insurable interest.”

Note: 70% of personal property theft losses are jewelry in nature.

Consider Valuable Item Insurance as an Alternative

A standalone valuable item policy is better for you in many ways:

• Higher limits
• Higher value per piece – expensive jewelry not excluded.
• New appraisal not needed. JIBNA accepts any reasonable appraisal and, because of exclusive ITV software, never requires updating the appraisal.
• Co-insured (for example, fiance) can be listed.
• Illustrated scheduled shows (as well as describes) insured jewelry.
• Highly competitive rates
• Discounts available for:
  • Good appraisals
  • Home alarm system
  • In-safe storage when jewelry isn’t being worn
  • Jewelry claims do not impact homeowner coverage.