Owners of jewelry, antiques, or musical instruments consider these items priceless. That's why they often choose to secure additional coverage through a personal articles policy. The plan is typically a supplement to homeowners insurance and offers extra financial peace of mind. Davidson Insurance Agency in Lincoln, NE, specializes in providing clients customized policies designed to cover high-end items in case of theft or damage.
The way a personal articles policy works is the policyholder schedules the items with their insurance provider. This means providing either a professional appraisal or a receipt for each item to be covered. The valuables can fall into several categories such as art, antiques, furs, jewelry, and stamp collections.
A personal articles policy is different from a standard personal property policy in several key ways. The latter is typically included in an existing homeowners insurance policy and is capped by a certain dollar limit. Some policies may also restrict coverage to a set amount of items.
With a personal articles insurance policy, owners typically receive extended coverage for scenarios such as losing an item and other accidents. Depending on the homeowners insurance carrier, there aren't caps on the item's value and the number that can be covered. Some providers won't request a deductible, but the premiums may be higher. It is recommended to seek regular appraisals on personal items to ensure policyholders are getting the best market value.
If you have high-end property, consider taking out a personal articles policy. The plan covers your scheduled items by offering financial reimbursement should something happen to them. Davidson Insurance Agency is your trusted source for a wide range of policies to protect you and your valuables. For free, no-obligation insurance quotes, call (402) 423-4357 today. Visit their website for more information on their homeowners insurance packages.