Philippe Cholette, CPA, C.I.B., RIBO

Why You Should Consider Valuable Items Insurance

Did you know that some of your possessions may surpass the terms of your insurance policy? In fact, if you live in an upscale home with bold architecture or own jewellery, works of art, collections, bicycles, or wine cellars, these items may not be covered by your standard insurer. To ensure that your most precious belongings and small luxuries are covered, valuable items insurance is the best option.


1. Get better coverage

Valuable items insurance guarantees coverage equal to your investments, which a standard insurer cannot necessarily provide. Among the most popular coverage options is the “pairs and sets” clause, which ensures the full replacement of a set for which only one item is damaged or irreparable. This is the case, for example, for kitchen cabinets, an antique set of plumbing fixtures, or interlocking paving stone. In the event of a claim for such an item, a standard insurer may only replace the damaged item with a similar item.

2. Have your property valued at the expense of the insurer

Contrary to a standard insurer, valuable items insurance includes an in-depth valuation of your home at the expense of the insurer. As such, all of the unique features of your home will be identified, and you are guaranteed to have the right amount of coverage in the event of a claim.

3. Choose what works for you

In the event of a claim, you have two choices: to rebuild or not to rebuild. In the first instance, reconstruction is carried out using the same quality of materials and of service delivery as the first time the work was carried out, independent of cost. However, it is important to note that valuable items insurance also allows you to choose monetary compensation.

4. Protect yourself against equipment breakdown

Valuable items insurance also offers coverage for the breakdown of equipment such as heating systems, refrigeration systems, or even home theatres. When your equipment represents a real investment, valuable items insurance becomes welcome coverage!

5. Protect your wine collection

Valuable items insurers offer the possibility of insuring your bottles of wine against spoilage, whether it is caused by changes in temperature or humidity, vibrations, or exposure to light. Your bottles of (both monetary and personal) value would also be insured against label loss and breakage. If you learn that the value of one of your bottles has reached several thousand dollars, it is time to consider valuable items insurance!


In addition to protecting your belongings, valuable items insurance offers the following coverage:

  • Cyber protection;
  • Child abduction ransoms;
  • Secure measures in the event of criminal harassment;
  • Securing your home after a home invasion or temporary relocation; and
  • Expenses incurred during construction so that you can maintain the same lifestyle.

In other words, whether your belongings have great material or emotional value, valuable items insurance will give you peace of mind.

If you wish to confirm the limits of your insurance policy to verify coverage for your treasured belongings, feel free to contact us. It will be our pleasure to determine your needs and advise you so that you can rest easy!


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Philippe Cholette, CPA, C.I.B., RIBO Damage Insurance Broker See the profile

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