Homeowners Insurance might cover some of your personal belongings, but if you own valuables such as guns, furs or jewelry, you may need to consider additional coverage with a Guns, Furs & Jewelry Insurance policy to ensure full protection. There are plenty of options available that cover a broad range of potential scenarios that could result in damage or loss to these big-ticket possessions.
What Does Guns, Furs & Jewelry Insurance Cover?
An engagement ring is one of the most expensive pieces of jewelry many people will ever own, but Jewelry Insurance can also cover the repair or replacement of pricey watches, bracelets, earrings, or loose stones.
Legal firearms and attached accessories such as mounts and scopes can have a significant value, so it is important to protect them against risk. Coverage for guns can vary; an insurance agent can provide details specific to your case.
Fur coats are another category of belongings that may require additional insurance. Whether you have just bought a new fur coat or you have had it for years, your Home Insurance may not cover theft or damage that is beyond your control. A written appraisal may be needed from a professional furrier. Unlike many other types of possessions, fur values can increase over time, so it is important to ensure the proper level of protection is in place.
Policy Coverage
A specialized insurance policy for jewelry, guns or furs can provide you with coverage against scenarios that a warranty, standard Homeowners or Renters Insurance policy may not cover, such as an unexplained loss. Some of the scenarios that may be covered include leaving your watch on a towel at the beach or having your fur coat stolen from your car.
Loss
Sometimes valuable possessions can go missing. If you misplace a piece of jewelry or fur coat, loss coverage will take care of it. Although it is hard to replace the sentimental value of some items, a policy that covers the financial loss can help take the sting out of losing a prized possession.
Theft
High-value items like jewelry, furs, and guns are often the first items that thieves look for in a home. If these items are stolen, theft coverage gives you peace of mind.
Damage
Whether you have cracked a pricey gemstone or you something is spilled on your favorite mink stole, damage coverage can prove useful.
Disappearance
It is not unusual for jewelry to disappear thanks to its small size and portability. When you lose a pair of earrings or bracelet, this type of coverage can help you to replace the item in question.
Who Should Acquire a Policy?
If your jewelry, furs, or guns were lost, stolen, or damaged, would you want them to be repaired or replaced? If the answer to that question is yes, getting an insurance policy to protect those items is a good idea.
Speak to Experienced Specialty Insurance Brokers
If you have high-value items that are attractive to thieves or vulnerable to damage, speak to the Specialty Insurance brokers at Southern States Insurance to find out more about the right insurance to cover against scenarios such as loss, damage or theft. Give us a call at 888.971.6304 or request a quote online today.