From jewelry to collectibles to wine, you probably have more valuables than you realize. Cross Private Client Insurance can assist in setting up valuables insurance. Your homeowner’s policy will most likely not cover their full value. A Cross Private Client client consultant can help you protect high value items with a valuables policy.
All homeowner’s policies have special limits for certain categories for personal property. A few of these are (but not limited to); jewelry, furs, watches, and silverware. Antiques and Fine Arts should also be addressed. Should any of these items be lost or stolen without having been insured separately, your coverage could be limited or you may possibly have no coverage depending on your situation.
The question often comes up; do we need receipts on everything we own? You likely will need to present the loss to the company and any available documentation makes it that much easier in settling your loss. Recreating all of your contents from memory is nearly impossible. An inventory of your household possessions would aid in this process. Short of listing each item, a video inventory of your entire home would be most beneficial, especially in the event of a major loss. Be sure to keep any of these important documents in your safety deposit, a fire proof safe or at another location.
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