Most homeowners’ insurance policies offer solid protection for your home and belongings, but when it comes to your most valuable items, the coverage may not be as complete as you think.
That’s where valuable items coverage (also known as scheduled personal property coverage) comes in. Check out our guide below!
Questions? Reach out to one of our knowledgeable insurance agents. We’re eager to set you up with the right coverage and rate!
Most homeowners’ insurance policies offer solid protection for your home and belongings, but when it comes to your most valuable items, the coverage may not be as complete as you think.
That’s where valuable items coverage (also known as scheduled personal property coverage) comes in.
What Are “Valuable Items”?
Valuable items are typically high-value possessions that may exceed the limits of your standard homeowner’s insurance policy. These can include:
- Jewelry (engagement rings, watches)
- Fine art or collectibles
- Antiques
- Designer handbags
- High-end electronics
- Musical instruments
While your homeowner’s policy does cover personal belongings, it often includes coverage caps for certain categories, especially jewelry, which may only be covered up to a few thousand dollars in the event of theft.
Why Standard Coverage Might Not Be Enough
Let’s say you own a $10,000 engagement ring. Your policy might only cover $1,500–$2,500 for jewelry theft.
That means you could be responsible for the remaining loss out of pocket.
What Valuable Items Coverage Does
Adding valuable items coverage allows you to:
- Insure items for their full appraised value
- Protect against a wider range of risks, including accidental loss
- Avoid or reduce deductibles for those specific items
In many cases, this coverage protects your items even if you accidentally lose them; something standard policies typically don’t cover.
When Should You Consider It?
You should consider valuable items coverage if:
- You own items worth more than your policy limits
- You’ve received or purchased expensive jewelry
- You travel frequently with high-value belongings
You want peace of mind knowing your most treasured items are fully protected
Your home insurance is designed to protect you, but it’s not always built to fully cover your most valuable possessions.
Call our agents at Cornerstone Insurance Agency LLC, taking a few minutes to review your policy and schedule high-value items can make a significant difference when it matters most.
This article is for informational purposes only. You should not act based on this information without first consulting with your insurance agent; if you would like a quote from a Cornerstone Insurance Agency licensed agent, contact us. We disclaim all liability for actions taken or not taken by you based on the contents of this article which is provided “as is.” Cornerstone makes no representation that this content is error-free.