High-value Item Insurance in Miami, FL
Insuring your valuable possessions is an essential step in maintaining your financial wellness. Without adequate coverage, an incident could damage or destroy your belongings and you may lack the financial means to repair or replace them. The agents at Tanenbaum Harber of Florida are here to help you understand, acquire and maintain suitable insurance for your valuable items.
What Is High-value Item Insurance?
There may be different ways to insure your valuables. In most cases, homeowners insurance can provide coverage for the contents of your home; however, there may be limitations in such a policy that restrict it from being able to fully cover particularly valuable items. In these cases, you may have the option to add a policy endorsement that can provide additional financial protection for certain belongings.
Alternatively, you may elect to acquire and maintain insurance for your valuables using a personal articles floater (PAF). These arrangements can be purchased as separate policies, include no deductible and may be customized to include coverage for specific items.
What High-value Items Are Commonly Insured?
Insurance may be necessary for many of your possessions. These items may hold financial and sentimental value, making the importance of being able to repair or replace them even greater. Fortunately, endorsements on your homeowners insurance and PAFs are generally versatile and can be used to protect many items, such as the following:
High-value Item Insurance Quote Forms
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High-value Item Insurance Information
Which Perils Are Covered Under High-value Item Insurance?
If your homeowners insurance includes coverage for losses stemming from fires, lightning, theft, vandalism and explosions, these perils will typically also be covered if you choose to add a policy endorsement for your valuables.
- Collections (e.g., coins and stamps)
- Fine china, crystal and silverware
- Musical instruments
- Sporting equipment
However, many standard homeowners insurance policies do not include coverage for losses arising from hurricanes, floods or earthquakes. As a result, these perils would not be covered. Both homeowners insurance and PAFs can generally be customized to suit your specific needs. For example, if you live in an area prone to hurricanes, you should strongly consider adding appropriate coverage for your possessions.
Get the Right Coverage
At Tanenbaum Harber of Florida, our dedicated staff is well-equipped with the knowledge and experience to help you understand your options when it comes to insuring your valuables. Contact us today to get started.