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.
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.
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.
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.
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!
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:
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!
