Personal Articles Insurance Floater
What is Covered by a Personal Articles Policy?
Personal Articles Floaters provide coverage on an all risk basis and under a single contract for classes of property that may be insured under the following separate policies: jewelry floater, fur floater, camera floater, musical instruments floater, silverware floater and any other classes of property for which the insurance company has made provisions within its rules.
A Personal Articles Floater provides even more comprehensive coverage than the Valuable Articles endorsement. It is designed to protect items that have been carefully selected and appraised, whose values exceed the limits of either a Homeowners Policy or a Valuable Items endorsement. A detailed schedule of the items is attached to your policy. Your premium is based on the total amount for which your special property is valued. You may want to photograph each piece in your collection and store the photos in a safe place. If your entire collection is stolen or damaged, it will be easy to remember each item for your claim report.
If you own extremely valuable items, this still may not be enough coverage. For example, if you own a diamond ring valued at over $10,000 or a collection of fine arts valued at over $50,000, you need more protection and should consider buying a separate Valuable Items Policy.
Personal Articles coverage is a form of inland marine insurance. It may be purchased separately, included as an option on a homeowners insurance policy or as part of a customized personal insurance solution.
Protect Your Treasures with a Valuable Articles Floater
How much is your jewelry worth? Did you inherit fine silver or china from your grandmother? Has your photography hobby advanced to the purchase of an SLR camera? Perhaps you've spent years accumulating a fine wine or stamp collection?
Valuable Articles Insurance Coverage protects personal belongings of a high monetary value such as:
- Artworks, including etchings, paintings, pictures and other bona fide works of art (such as oriental rugs, statuary, rare books, manuscripts and bric-a-brac) or rarity, historical value or artistic merit.
- Coins (rare and current)
- Fine Jewelry
- Fine Silverware, China or Crystal
- Golf Equipment
- Musical Instruments
- Personal Computers
- Stamps (rare and current)
- Wine Collections
- Other unique collections
*If you own something of value not listed above, it may still be eligible for coverage.
** Please note that to quote your valuable articles, Brunswick must also quote your homeowners insurance.
Your Existing Coverage May Not Be Adequate Protection
Chances are, your homeowners policy isn't nearly enough to replace your valuables if they are ever lost, stolen or damaged. Many valuable belongings exceed the standard limits of a homeowners policy. Some losses may not be covered at all, such as the loss of a stone from an engagement ring or an antique vase that is accidentally broken, or a flooded basement that damages your computer. In fact, most homeowners policies set dollar limits on the amount of protection offered to cover the theft of such items as jewelry or furs (usually only up to $1,000), firearms (up to $2,000), or silverware (up to $2,500).
Protect Your Financial Investment in the Things You Cherish
Brunswick Companies encourages our clients with these types of assets protect their financial investment in jewelry, collectibles, artworks, china, crystal, silver, antiques and virtually any other type of valuable. Our personal insurance specialists can help you improve your coverage by adding a Valuable Articles Endorsement or Personal Articles Floater to your Homeowners Coverage.
Comparing Differences in Personal Articles Policies
Personal Articles floaters from different insurers may vary widely in levels of coverage available and the types of items covered. Brunswick Companies' business insurance specialists will assist you in understanding the differences in coverage and selecting the coverage that is the best fit for your business.
Our personal insurance specialists have extensive experience in carefully reviewing insurance specifications to protect you against exposures and, where warranted, in crafting insurance specifications to meet your unique needs.
Improve the effectiveness of your personal insurance protection. Contact us today.