What does Personal Articles Insurance Cover?
Personal Articles Insurance is coverage for personal items in the policyholder's possession that may need added protection. These policies can provide coverage for items that are typically not covered by homeowners, condo, or renters insurance. The coverage is usually offered as an endorsement to a homeowners or renters insurance policy, and it can also be purchased as a stand-alone policy.
Personal Articles Insurance, also known as personal property insurance, is a type of insurance that provides coverage for personal items such as jewelry, fine arts, guns, collectibles, and other valuables. It can cover these items for a variety of perils, including theft, damage, loss, and destruction.
A few reasons why a Personal Articles policy is the best option for you:
- When scheduling your items, you can add them with an agreed value, which means the amount you insure them for is the amount you get back at the time of a claim.
- You can schedule your items without a deductible, which means you truly do get the full amount you insure them for.
- When you file a claim on your personal articles policy, it will not affect your claim history on your homeowners policy.
- The items that you schedule on a personal articles policy are not subject to the same perils as your homeowners policy. This means in most cases the policy provides broader coverage for loss, theft, or mysterious disappearance.