Personal Valuables - Insurance Floaters
Precious items may require special insurance. Some items are irreplaceable.
Did you know home insurance policies include limits of insurance on many items?
- jewellery
- furs
- watches
- money
- numismatic property
- bullion
- bikes
- fine arts
- antiques
- wine
- ...
All policies are different.¶
A floater or blanket floater ( A type of insurance policy that covers property that is easily movable and provides additional coverage over what normal insurance policies do not) can be added to specifically insure items. Usually a floater is added to a home policy, a separate premium is charged and no deductible is applied if you have an insured claim.
For high net worth homeowners you should have a policy that offers higher limits and you should have options for scheduled floaters and blanket floaters.
If you are going to pay for additional insurance, you need to look for:¶
- Worldwide coverage
- No deductible
- Breakage coverage
- Pairs and sets
- In-vault jewellery
- Title defense
- Commissioned work
- Fine art or jewellery on loan or consignment
- Agreed value - Appraisals
- Blanket coverage
Here at Palladium we've got the right coverage options to help you keep your valuables properly protected. Click here to learn more and let us earn your trust.