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Insuring Valuables at Home

Every one of us possesses certain belongings that have special meaning. Those possessions and valuables typically require an additional coverage policy added to your regular homeowners’ insurance policy. Sometimes you may help others store their belongings in your house or property making you responsible for them.



To find out if you have enough coverage, conduct a home inventory. Make sure you document everything that you own and the replacement cost of those items. In case you have very valuable items such as jewelry or artwork, ask your agent about a rider or floater to cover them.


What can you insure?


Take a picture of the item you are documenting to show your agent. If the list includes valuables, discuss liability coverage with your agent. Some items that might be in your home but are not personally yours are:


  • Furniture

  • Collectibles

  • Musical instruments

  • Professional or scientific equipment or gear

  • Sports gear

  • Seasonal gear

  • Power and hand tools

  • Art

  • Vehicles

  • Boats

  • Recreational vehicles

  • Family heirlooms


Some items have more sentimental value than a market value. There is no price on family scrapbooks- and that’s why it’s important to have duplicates of photos or digitally stored.


What to include in your home inventory list? If you have doubts, hire a licensed appraiser to review your collections.


While the process of taking inventory is about documenting what you own, figuring out what to insure is different.



Try to sort your possessions into three categories: things that may require additional insurance than what it has, things that do not need insurance, and things that need to become insured.


Your list may look like this:


Items worth insuring or adding additional protection:

  • Fine furniture

  • Genuine jewelry

  • High-end electronics

  • Sterling silver

  • Antiques

  • Art with an established provenance such as signed limited edition prints


Items that do not require insurance:

  • Easily replaceable items such as not-rare books, electronics, and appliances

  • Unfinished projects

  • Nonfunctional and obsolete electronics and appliances

  • Replaceable toys

  • Office supplies

  • Pantry inventory and other consumables

  • Holiday decorations


Feel free to reach out to us for additional help! We will help you determine the right coverage.


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