Valuable Articles Insurance


What is Valuable Article Insurance?

Valuable article insurance is either an endorsement to a homeowner’s insurance policy or a separate policy designed to provide the broadest level of coverage for valuable items such as jewelry, furs, silver, fine arts and more. Itemized valuable article policies generally do not have a deductible or policy sublimit, however, blanketed coverage may carry a per item limit. Additionally, coverage is typically written on an agreed value basis with no reduction for depreciation. Lastly, your valuables are covered anywhere in the world.


What is blanket valuable article coverage?

On most policies, you have the option to list each scheduled item individually. Blanket coverage on the other hand allows you to insure with a single limit for a specific valuable article category, without listing items individually. The coverage is the same, however a “per item limit” is introduced. For example, you may want to blanket $50,000 of jewelry with a $15,000 per item limit. Therefore, in a loss, the most you will get for any single item is $15,000. Blanketing can be a way to lessen the cost impact of large valuable article collections.


jewelry & valuables insurance in Darien CTWhat can I insure on a valuable article policy?

Depending on your insurance carrier you can insure: jewelry, silver, furs, collectibles, antiques, fine arts, china, crystal, golf equipment, musical instruments, firearms, cameras, stamps, coins, and more.


Is my jewelry covered under my homeowner’s insurance?

All homeowner’s insurance policies cover jewelry and other valuables at no additional cost, however, coverage is very limited depending on the cause of loss. All Homeowner’s policies contain policy caps (sublimits) that can range from $1,000 to $10,000 if an item is lost, stolen, or misplaced. Additionally, your homeowner’s policy deductible would apply.


Claim scenario

You’ve lost a $10,000 diamond ring that was unscheduled. You have a $1000 deductible and there is a $2500 policy sublimit for jewelry. The claim would be adjusted by taking the deductible off the top, then applying your sublimit. $10,000 item minus your $1000 deductible = $9,000. Then the sublimit cap of $2500 is applied to the $9,000 item. Claim pays only up to $2500. To obtain a full claim payout, you must insure it on a valuable article policy.


How much is a valuable article policy?

The cost of a valuable article policy will vary depending on the carrier you insure with, the type of item you insure and the coverage amount. For example, jewelry may cost between $9 and $15 per thousand dollar of insured value, however, fine arts on the other hand costs roughly $3 per thousand insured.



For more information or a quote for Valuable Article Insurance,
please contact our office at 203-655-6974.