Engagement rings, family heirlooms, artwork, and other collections not only have sentimental value, but hold real monetary value that requires special insurance to replace if lost, damaged, or stolen.
Homeowners Coverage is Not Enough
A typical homeowners policy may not provide enough protection for your cherished possessions. A customized valuable articles policy (sometimes called a rider or schedule) can provide coverage for the full market value of your valuables.
The process for scheduling valuable personal property differs by company and can sometimes require appraisals depending on the specific item value(s). Based on the appraisal and value of the possessions, you will then be able to extend the appropriate coverage for the item(s) to your home insurance policy for an additional premium.