Exploring Insurance for High-value Items at Home

Standard homeowners insurance may not provide sufficient coverage for high-value items at home, such as art, jewelry and other valuable possessions.

These items often require specialized insurance policies to ensure they are adequately protected against loss, theft or damage.

Insuring High-value Art

Art collections, for instance, can be particularly challenging to insure due to their unique nature and fluctuating market values. Insurers typically require detailed appraisals from qualified experts to determine the value of each piece.

This appraisal helps establish the item’s worth and provides documentation that can be crucial in the event of a claim.

Insuring Jewelry

Standard homeowners insurance policies usually have limited coverage for jewelry, often capping the amount that can be claimed. To ensure full protection, many homeowners opt for a separate jewelry insurance policy or an endorsement to their existing policy. These specialized policies can cover a wide range of scenarios, from theft and loss to damage.

Insuring Collectibles

Other high-value items that might require special insurance considerations include rare collectibles, antiques and luxury watches. Each of these items presents unique challenges in terms of valuation and risk.

For example, antiques may require coverage that accounts for their historical significance and irreplaceability, while luxury watches might need policies that cover accidental damage and theft both at home and while traveling.

Contact Us

For more information about how to insure high-value items at home, consult an experienced agent. Our team can provide personalized advice and help you find appropriate coverage. Contact Primo Tax & Insurance in San Antonio, Texas, to learn more about your home insurance options and get a quote.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.