Did you know…

The Valuable Articles Coverage, whether in the form of an endorsement or a separate policy, covers property against direct, physical causes of loss. The property that is eligible for coverage includes the types of valuable property associated with family and home life, specifically:

• jewelry
• furs
• fine arts
• stamp collections
• coin collections
• silverware
• musical instruments
• cameras
• golfers equipment

The above classes of property represent those most frequently insured on a schedule. Scheduling allows for property to be covered for an agreed value, based upon relevant documentation such as a current appraisal or sales receipt. Separate protection is important as a supplement to Homeowners insurance because the high values and exposures associated with the above property classes result in severe coverage limitations included in Homeowners policies for such property.

An Agreed Value is the amount in which the insurer and insured determine the value of the scheduled personal property based on an appraisal of the property. In event of a loss, the insured is guaranteed that agreed amount.

For more information, send an email or call 314-594-2700.