Most homeowners assume their homeowner’s insurance policy provides full protection for all personal belongings inside their home. However, many are unaware that standard policies often have coverage limits for certain high-value items. Electronics, fine jewelry, artwork, antiques, and collectible items may only be partially covered, leaving you financially exposed if these possessions are lost, stolen, or damaged.
Valuable articles insurance, also referred to as an Inland Marine Policy, is designed to fill this gap. This specialized coverage protects high-value personal property that exceeds the limits of a standard homeowner’s policy, ensuring your most treasured items are financially safeguarded.
Why Valuable Articles / Inland Marine Insurance is Important
Even if you have homeowner’s insurance, certain items may not be fully reimbursed in the event of loss, theft, or damage. Valuable articles insurance / Inland Marine coverage ensures that your high-value possessions receive proper protection, including:
- Antiques: Rare furniture, historical artifacts, and collectible items
- Artwork: Paintings, sculptures, and other fine art pieces
- Furs: Luxury garments and accessories
- Jewelry: Engagement rings, watches, and high-end pieces
- Collections: Coins, stamps, rare books, or memorabilia
This coverage provides peace of mind, protecting against financial loss due to covered events such as fire, theft, vandalism, or natural disasters.
How Inland Marine / Valuable Articles Insurance Works
Unlike standard homeowner’s insurance, Inland Marine coverage provides scheduled protection, meaning each item is individually listed and appraised. This ensures full replacement value if a covered loss occurs. Additional benefits often included:
- Worldwide coverage: Protection for items while traveling or in temporary storage
- Accidental damage protection: Coverage for unforeseen accidents that damage delicate items
- Coverage during transit: Protection for items transported to appraisers, jewelers, or exhibits
By scheduling each high-value item and keeping appraisals up-to-date, you avoid being underinsured and ensure complete protection.
