Personal Articles Insurance

Personal articles insurance protects the policyholder's personal belongings that aren't protected by other policies, such as their own or their landlord's. Some examples of such products are pricey furs, paintings, jewelry, and even sports and musical equipment.

Any item that is not permanently attached to your home or property is most likely considered personal property. Personal articles coverage offers broader coverage than your current insurance policy to help you repair and replace your piece of jewelry or special items.

For example, mysterious disappearance and breakage of your items can be covered under this policy. Two luxuries you are not afforded by a homeowner’s insurance policy.

Personal Articles insurance coverage offers worldwide coverage and applies anywhere in the world. If you go on vacation, your valuable items will be covered. It also provides replacement cost coverage against theft and accidental direct physical damage to covered property.

What can be covered under Personal Articles Insurance?

The list is extensive, but here’s a snapshot of the more common high-value items in no particular order (remember, these types of items should exceed the $1,000 to $2,500 coverage for your homeowner’s policy):

– Furs
– Personal jewelry
– Firearms
– Camera equipment (both digital and old school)
– Golf equipment
– Art collections
– Grandma’s fine china and other silverware
– Your musical instruments
– Personal computers

There is typically no deductible associated with a Personal Article Floater.

But make sure you carefully read your policy and/or ask your insurance agent in the event you aren’t certain, as some items may require a $100 deductible for breakage caused by certain perils.

Video: Insurance 101 - Insuring Your Valuables