Your homeowners insurance policy places limits on certain types of property. In you policy there is a section titled, "Special Limits on Certain Property." This section will list various items and place a dollar limit on each type of property - such as jewelry, fine arts or money.
Why do insurance policies contain such provisions? The homeowners insurance policy is written to provide coverage for the average policyholder. Most of us do not own collections or keep large amounts of cash at our homes. While the policy provides some limited coverage for special types of property, it in no way serves the needs of the unique collector.
There is, however, a solution for the collector or owner of unusual property items. It is possible to amend your homeowners policy, by endorsement, to provide special coverage for unique collection items such as coins or stamps. By asking your agent to include a scheduled property floater in your coverage, you can specifically insure items of special interest. The personal property floater also expands coverage for perils not included in the homeowners policy.
Reichley Insurance Agency is committed to excellence. We pride ourselves on offering our clients reliable coverage and great service. As an independent Ohio insurance agency, we can provide you with all types of insurance coverage from the top carriers in the country. Our team of trusted agents will work with you to find a policy that meets your needs – and falls within your budget.
Our dedication makes the difference...
Toll Free: 87-REICHLEY (877-342-4539)
Email: info@reichleyins.com
The information in this article is meant as a guideline only. There is nothing in this publication that alters the coverage or interpretation of any specific policy. Because some statements are generalizations, and because different companies’ policies contain slight differences, please refer to your specific policy. Call our office before making any judgments or decisions concerning your particular situation and coverage that may or may not apply.
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