Personal Articles Insurance, also called a floater policy, covers personal items that are not covered by another insurance policy (such as your homeowner’s policy). These insurance policies cover anything ranging from expensive paintings to jewelry, sports memorabilia, and even musical instruments.
For homeowners who own many expensive items, such as a sports collection, an antique silverware set, or fashion items, a personal article insurance policy is a great way to make sure your valuables are protected in the case of the valuables being lost, stolen, or damaged.
Most policies have inflation guards in place so coverage is automatically adjusted, and policies normally have no deductible or deductibles as low as $100. Worldwide coverage is available for most items, other than fine arts (which are only covered in Canada and the United States), including mysterious disappearance if you happen to lose a piece of jewelry or a small, valuable item. Accidents that are not covered by homeowners insurance, such as accidental breakage or hurricane damage, are covered under many personal articles policies.
Homeowners Insurance covers contents up to a certain amount, anything that exceeds the coverage limits is not covered. But with a Personal Articles Insurance policy, your items are fully covered and paid for if they need to be replaced or repaired. Your agent can help you to review so you can choose which coverage will most protect you.
For a free Personal Articles insurance quote from a knowledgeable Hometown Insurance agent please call 631-589-0100 or email service@hometowninsurance.com
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