Insuring Valuable Personal Property

Insuring Valuable Personal Property

Academy of Insurance
Updated Nov 30, 2020
Loss or destruction of valuable personal property is among the most devastating losses your insureds can experience; especially when the property cannot really be replaced. It's bad enough that the insured might lose heirlooms, jewelry, artwork and other valuable property that cannot be restored at any cost; imagine how much worse this experience is for your client when he learns that these items are underinsured in the standard homeowners policies. Worse yet, imagine the anger when the insured learns that adequate protection was readily available through personal inland marine policies.