| Your furniture, clothes, sports equipment and other personal items are covered by
your homeowners policy if they are stolen or destroyed by fire, hurricane or other insured
disaster. Most companies provide coverage for 50% to 70% of the amount of insurance you
have on the structure of your home. So if you have $100,000 worth of insurance on the
structure of your home, you would have between $50,000 to $70,000 worth of coverage for
your belongings. The best way to determine if this is enough coverage is to conduct a home
inventory. Expensive items like jewelry, furs
and silverware are also covered, but there are usually dollar limits if they are stolen.
Generally, you are covered for between $1,000 to $2,000 for all of your jewelry and furs.
To insure these items to their full value, you will need to purchase a special personal
property endorsement or floater and insure the item for it's appraised value. Coverage
includes “accidental disappearance,” meaning coverage if you simply lose that
item. And there is no deductible. Don't allow your expensive personal items to be
put at risk. Call an Armor Assurance Group representative. We will be happy to
give you a quote on insuring your personal articles for their full value.
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