One of the most common questions for home insurance is whether a standard policy will cover valuables like an art collection.
The answer, unfortunately, is not always cut and dry. Here’s what you need to know about special coverage for expensive items and your home insurance policy in Monroe, GA:
What Does a Standard Policy Cover?
A standard home insurance policy in Monroe, GA will cover the dwelling and your personal belongings within the residence. But there are limits to how much coverage you’ll have for these items. A home insurance policy typically covers up to $2,500 worth of personal belongings. So, if you have an art collection valued at $5,000, it may only cover half of the value.
There are also limits on items covered by a standard home insurance policy. For example, most policies will not cover items like jewelry, furs, or precious metals. If you have any of these items in your home, you’ll need to purchase a separate policy or rider to insure them.
If you’re unsure about your limits, speak with your Atkinson Casey Agency agent.
What Can I Do to Insure My Art Collection?
If you have a valuable art collection, you’ll want to ensure it is adequately insured. The best way to do this is to purchase a rider or standalone policy that covers your collection. This ensures that your art is protected no matter what happens.
When shopping for coverage, get an appraisal on your collection. This gives you an accurate value of your art, so you can purchase the right amount of coverage. It’s also a good idea to keep a list of your art pieces and their values in a safe place.
Give Us A Call
Contact Atkinson Casey Agency for a free quote on insuring your art collection. We’ll help you find the right coverage for your needs.
