A typical homeowner policy may not provide enough protection for your cherished possessions. A David Agency specialist will discuss smart options and deliver a custom solution for any collection you own.
Whether it’s jewelry, art, collectibles, antiques or memorabilia, building your valuable collection can be an exciting and rewarding experience and it is important that you have your cherished valuables insured.
Art & Collectibles
There is a good chance that your homeowner’s policy isn’t adequate enough to replace your valuables if they are lost, stolen or damaged. Protect your investment in the things you cherish most by contacting a David Agency Valuables Articles specialist to obtain the proper coverage for your needs. Whether it is the result of a lifelong passion or a new hobby, the art, antiques, fine wine or any other valuable you collect deserve the right insurance protection.
Most people do not realize that their homeowner’s insurance policy provides limited coverage for jewelry, typically just a few thousand dollars, once you’ve met your deductible. Some other important factors to consider are:
- Reappraise your jewelry every 2 – 4 years to ensure its fair market value is reflected if and when you need to file a claim.
- The value of gold and other precious metals has near quintupled since September 2000. Even if your jewelry is covered, the pieces you have may be undervalued.
- Standard policies cover losses caused by theft, fire and storms, but if you lose your engagement ring, most standard policies won’t cover the loss.
A David Agency Personal Insurance Specialist can help find the right coverage option for you based on your needs, whether it is itemized or blanket coverage.