Insuring Valuable Possessions
Grandma’s platinum ring, your 1965 Fender Telecaster guitar and that antique cherry rocker in the living room are cherished assets that need special care and protection.
Virtually all homeowners and renters have wisely taken the basic precaution of securing an insurance policy that protects their homes and its contents in case of a catastrophic loss from fire, theft, vandalism and so forth. While these policy types protect against losses on the standard contents of our homes, there may be limits as to the protections for certain individual valuable items we might possess.
Jewelry, fine art, furs, cameras, musical instruments, electronic or computer equipment, antiques, rare coins or stamps and even valuable wines are all examples of possessions which may be at risk under many standard home policies - unless you have taken steps to establish their value and insure them separately.
A good way to begin is to inventory the valuables in your home. Many companies establish a dollar value - say $2,500 - for determining what represents a valuable item. (this standard will vary from company to company). If you have such an item that is NOT specifically and individually covered in your policy, the best course of action is to contact our office to review your coverage options.
The good news is that insuring such possessions is surprisingly affordable and can be accomplished with riders to existing policies or small stand-alone policy. In either case, Bryant Asset Protection will be able to offer you the best solution to make sure your valuables are fully protected.