Most collectors have well in excess of  $2,500 worth of jewelry, fine art, musical instruments, or memorabilia. Have you ever thought about what would really happen in the event of a fire, break-in, or some other type of property damage? A standard homeowner's insurance policy has blanket coverage for personal property, but these have limits and most times will not come close to the actual value of the item.  There is actually a type of insurance policy specifically meant for these situations: Valuable Articles Insurance.

More than 6 in 10 Americans are collectors. Valuable Articles Insurance is specially designed for these collectors and hobbyists with valuable property. Ask yourself this: what sort of plan do you currently have in place to safeguard your valuables? Are you relying on your homeowner's insurance? Are you keeping your items stored in a safe? Safes offer a good level of protection but they can still suffer fire damage, or be tampered with, and they don’t allow you to proudly display and enjoy your items. 

Why Do You Need Valuable Article Insurance?

Because the possessions you value most should be protected! With Valuable Article Insurance you get fair compensation for items that are stolen, lost or damaged. Here at Massey, Clark, Fischer, we had a client who decided to cancel her Valuable Article policy. Not long after, she lost a $3500 diamond earring on a trip to New York. She then called us to find out if there was coverage on her current homeowner's policy. While there was, the limit on the payout was $1000, which meant she received less than 1/3 the value for the item she had lost. Without a Valuable Articles policy, it’s possible that something like this could also happen to you.

What Is The Process For Securing This Type Of Policy?

The insurance professionals at Massey, Clark, Fischer can help you find the Valuable Articles Insurance policy that’s right for you. The process is pretty simple. There are two types of coverage you can get: Blanket or Itemized. 

Blanket insurance covers more than one type of property at the same location, the same kind of property at multiple locations, or multiple kinds of property at two or more locations. 

Itemized insurance means listing each individual item and determining the price/value it will be assigned in the policy.

To determine the value, you would need either the bill of sale dated within one year or an appraisal dated within 3 years. We will also ask for the description and photos of those items.

We then will shop an array of highly rated carriers on your behalf to find the policy that meets your needs and fits your budgetary parameters.

Leverage our experience to find out how you can keep your most prized possessions safe with a Valuable Articles Insurance Policy. With 60+ years of experience insuring businesses and individuals across Florida, you can trust us to help you find the policy that’s right for you.

Contact us today for more information.

Disclaimer: The above description provides a brief overview of the terms and phrases used within the insurance industry. These definitions are not applicable in all states or for all insurance and financial products. This is not an insurance contract. Other terms, conditions and exclusions apply. Please read your official policy for full details about coverages. These definitions do not alter or modify the terms of any insurance contract. If there is any conflict between these definitions and the provisions of the applicable insurance policy, the terms of the policy control.