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Are Your Valuables Properly Protected?

Silver jewelry on black

Extra Coverage for Your Valuables

Homeowners insurance is meant to provide protection for any unfortunate situation at your home. However, if you have any extremely valuable items, such as jewelry or fine art, you may find that your typical homeowners insurance policy will not provide enough coverage. Investing in special valuables insurance is the best way to ensure that all of your valuable items are protected.

There are two main options when it comes to insuring your valuable items. The first option is investing in grouped or unscheduled coverage. Grouped coverage will provide blanket coverage for all of your valuable belongings that goes beyond the coverage that is provided by your homeowner’s insurance policy. The second option is itemized or scheduled coverage. Scheduled coverage will provide extra protection beyond the coverage that is offered by grouped coverage. When you schedule your items, your insurance provider will require each item to be appraised so that they know exactly how much insurance you need.

Scheduling your belongings is slightly more expensive than grouped coverage, and requires more time, since you have to get each item appraised. However, there are benefits that are associated with scheduled coverage that is not available with any other coverage options. Scheduling your items will provide the most amount of insurance coverage and ensure that you will be reimbursed for the complete value of each item. There is also no deductible when you make a claim for a scheduled item unlike when you make a claim for an item that is protected by grouped coverage.

For all of your home and valuable items insurance coverage, contact the insurance professionals at Humble & Davenport Insurance in Renton, Washington. As an independent insurance company, we will work with you to ensure that you have the right amount of coverage, all at the right price for your budget.