Get the exact value to replace what you're covering.
A valuable possessions insurance provides additional benefits in addition to ensuring that you are appropriately insured. For example, you may be able to obtain coverage based on the actual replacement value of the item you are insuring rather than a generic market price. It's well recommended getting frequent valuations and keeping your insurance up to date to reflect these statistics.
Additional coverage for unintentional damage.
Some plans may also include the option of covering accidental damage to valuable objects such as jewellery or artwork, which isn't typically available with home insurance. These objects may include:
- Antiques
- Artwork
- Collections
- Electronics
- Jewelry
- Musical Instruments
- Oriental Rugs
- Watches
Covers what house insurance doesn’t cover.
Another option to consider when purchasing valuable possessions insurance is coverage that is not limited to your house. For example, a home insurance policy may not cover loss or damage to jewellery worn outside the home, whether it's a special occasion necklace or an engagement ring worn every day. Such losses are frequently covered by these sorts of plans.
Are you unsure whether precious goods insurance is right for you? To learn more, please contact us.
