Insuring Your Valuables

Insuring your valuables is an important point to consider when purchasing your homeowners insurance. Most homeowner insurance policies will cover your house and its contents. However, most of these policies have coverage amounts that are limited for certain items. Review your valuables with your Brooke Insurance agent to determine if you need additional coverage outside of your homeowner’s insurance policy for items such as jewelry and collectibles. Also, review the estimated replacement costs of these valuable items with your Brooke Insurance agent. It’s often tempting to estimate low the cost of your home contents, such as furniture and electronics, to save on your premium but it is important to have an accurate estimate should the need ever come to actually purchase the replacements.

Additional policies are available to specifically cover your valuables. These additional policies are commonly referred to as floater policies. The floater policy will cover your valuables at an agreed upon dollar amount, as specified on the insurance policy. For example, if you have an extensive fire arm or jewelry collection, you might agree on $50,000 as your floater coverage amount. If you have valuables such as fine china or antiques, check with your Brooke Insurance agent about insuring them against accidental breakage. Accidental breakage of your valuables would not typically be covered by a standard homeowner’s insurance policy.