Given
that
many
people
purchase
or
receive
jewelry
for
Valentine's
Day,
we
felt
that
this
would
be a
good
time
to
discuss
Valuable
Articles
coverage.
Many
of
our
clients
already
have
Valuable
Articles
coverage,
whether
as
an
endorsement
to
their
homeowners'
policies
or
as
stand
alone
coverage
for
valuable
items
including
jewelry,
fine
arts,
silverware,
collectibles,
and
furs.
If
so,
we'd
just
like
to
remind
you
to
review
your
current
policy
annually
to
be
sure
it's
accurate.
If
any
items
need
to
be
added
or
deleted,
or
if
you've
had
any
items
recently
re-appraised
please
call
your
account
manager
who
will
take
care
of
any
changes
promptly.
However,
if
you
don't
currently
have
Valuable
Articles
coverage,
please
keep
reading
to
learn
more
about
it
and
don't
hesitate
to
contact
us
if
you
have
any
questions!
In
general,
Valuable
Articles
coverage
gives
additional
coverage
for
your
special
items,
such
as
jewelry,
above
and
beyond
the
standard
policy
limits
for
that
type
of
item.
For
example,
many
homeowners
policies
include
a
standard
policy
limit
of
$1,000
to
$5,000
for
the
mysterious
disappearance
of
jewelry
or
other
"special"
items.
For
many
people,
that
is
not
enough.
There
are
two
ways
to
obtain
added
coverage
above
the
standard
limits
set
in
your
homeowners
policy
-
blanket
coverage
and
itemized
coverage.
Blanket
coverage
increases
the
overall
limit
of a
certain
class
of
property,
such
as
jewelry
or
silverware.
Each
company
is
different,
but
the
policy
will
limit
the
value
per
item,
to
$10,000
for
example,
with
no
appraisal
required
and
no
deductible
to
pay.
Itemized
coverage
on
the
other
hand,
is
just
what
it
sounds
like.
Your
policy
will
include
a
list
of
specific
items
and
their
values.
In
the
event
of a
loss,
the
insurance
company
will
pay
100%
of
the
itemized
amount
with
no
deductible
to
pay.
Each
insurance
company
has
different
requirements
for
appraisals
for
itemized
property
depending
upon
the
value
per
item.
Some
companies
provide
a
policy
discount
when
adding
Valuable
Articles
coverage
for
burglar
alarms,
home
safes,
or
if
jewelry
is
kept
in a
vault.
Jewelry
is
the
principal
item
that
comes
to
mind
when
thinking
of
Valuable
Articles
coverage.
According
to
the
Department
of
Justice,
over
$1
billion
worth
of
jewelry
is
stolen
each
year.
However,
this
does
not
include
lost,
misplaced,
or
damaged
items.
In
addition
to
jewelry,
other
special
items
such
as
silverware,
china,
musical
instruments,
computers,
cameras,
furs,
bicycles,
golf
equipment,
fine
art,
and
collectibles
can
be
covered
by
Valuable
Articles
insurance.
Regarding
Collectibles
-
including
coins,
stamps,
sports
collectibles,
electric
model
trains,
dolls,
and
even
wine
-
Valuable
Articles
coverage
is
very
important.
Collectibles
have
increased
tremendously
in
popularity,
and
many
collections
are
extremely
valuable.
This
type
of
personal
property
is
usually
underinsured
on a
traditional
homeowners
policy.
If
you
have
a
collection,
it's
important
that
you
keep
an
inventory
of
the
items,
get
them
appraised
by a
certified
appraiser
in
that
specialty,
and
consider
purchasing
Valuable
Articles
coverage
for
your
collectibles.
In
summary,
most
homeowners
insurance
policies
have
relatively
low
limits
for
special
items
such
as
jewelry,
furs,
collectibles,
and
fine
arts.
If
you
have
any
of
these
special
items,
protect
them
with
blanket
coverage,
itemized
coverage
or
both.
Remember
that
it's
very
important
to
keep
a
record
of
all
valuable
articles,
including
documentation
as
to
their
value,
in
the
event
of a
loss.
You
bought
it
because
you
love
it!
Whether
it's
a
precious
piece
of
jewelry,
a
painting,
antiques,
rare
coins
or a
comic
book
collection,
protect
your
cherished
possessions
with
Valuable
Articles
insurance.
