Home Insurance Coverage: How To Insure Valuables

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Valuables that are not covered in standard home insurance policies can be insured in multiple different ways. The agents at Royce Williams Agency give options for how to get coverage for personal valuables.

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The key to determining which type is best for your home is the amount of valuables you wish to have covered

Standard home insurance policies are designed to cover the major parts of a home that would need to be replaced in the event of a theft, fire or natural disaster. In the event of such tragedy, however, many people have more valuables than the home itself in need of replacement. Standard insurance usually has limits on the extent of coverage and is most likely not going to cover items such as jewelry, furs or fine art. For such items, homeowners should look into ways to extend their coverage.

Adding a floater to an existing policy is a common way to include valuables in the coverage. Floater is a type of insurance policy that covers property that is easily movable (i.e., jewelry) and acts as an addition to existing coverage. Putting a floater on a policy ensures homeowners that the full amount of property will be replaced in the event of a tragedy. Floaters typically cover one item at a time, so it is common to have multiple floaters added to a policy.

The second option for extended coverage is to get blanket coverage for multiple items in the same category. For example, consider getting coverage for multiple pieces of jewelry or several pieces of fine art versus getting a policy for each individual piece.

“Both coverage types are going to protect your valuables in the event of a tragedy,” said Royce Williams, local Nashville Allstate agent. “The key to determining which type is best for your home is the amount of valuables you wish to have covered.”

It is always a smart idea to have expensive valuables covered on an extended plan. If you have recent Christmas gifts that have not been insured, contact the Royce Williams agency today.

About Royce Williams Agency
Royce Williams Agency offers a wide range of affordable insurance options for residents of Nashville and the surrounding areas. They are focused on providing a higher quality of insurance services with up-front customer communication and affordable premiums. To learn more about the types of coverage they offer, including safe driver auto insurance discounts, home and renter’s insurance discounts, contact them at 615-356-4800 or visit them online: http://www.insuringnashville.com

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