Jewelry / Fine Art
All Homeowners, Renters, and Condo Unit Owners policies have sub-limits for specialty items such as those listed below:
Jewelry, Fine Arts (fragile, non-fragile, unscheduled), Antiques, Furs Cameras Sporting Equipment Musical Instruments (non-professional) Silverware, Postage Stamps Rare Coins & Collections Computers & Media Wine Golf Carts Guns/Firearms Bicycles Other Miscellaneous Items. Check your policy for these types of items.
Buying an all risk floater will cover and these scheduled items. This all risk policy covers many perils and coverage the territory is usually worldwide.
Claims that could be covered by jewelry fine arts floater
Fire caused home to burn and three $20,000 paintings that were scheduled on the all risk floater were destroyed – policy would pay $60,000 for replacements of the paintings.
A $20,000 stone fell out of a lady’s ring while she was swimming in the bay – the stone would be replaced. The all risk floater policy is the only way to provide coverage for this type of loss.