Protecting Your Heirlooms
: Articles

Don't depend on your homeowner's policy which typically caps payouts for valuable items - often at a mere $2500 for jewelry and artwork or $1000 cash. It also restricts losses to what is listed in the policy. If you misplace an earring or lose a stamp collection to flooding or a natural disaster - it won't be covered.

Read your homeowners policy carefully, and be sure what is covered and what is not - you'll want to purchase additional coverage if deemed necessary.
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You can buy what's called a "floater", which is a free-standing policy for an individual item. Rates vary by company, state and item to be covered.

Ask your insurance agent about a 'floater' or Click here to check out the coverage options with InsureMe.com. You can get a free quote online in a total secure environment.
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With floater policies, you'll have to submit a bill of sale if you claim a loss. You should also get an up-to-date appraisal for all valuables over $2500.

Floater policies generally cover all types of loss, so you can wear that $20,000 ring or necklace out to dinner without fear.

By valuing your items appropriately, you can insure priceless heirlooms for which replacement cost coverage is impossible.
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You can earn discounts from your insurance agency by installing an alarm system or a home safe or by storing your valuables in a safe-deposit box.

Safe-deposit boxes are relatively secure, convenient and inexpensive compared to personal property insurance. They have long been a place for families to preserve heirlooms and important documents.