Whether it’s a family heirloom passed down through generations or something you had your eye on and bought for yourself, everyone has items in their home that have both monetary and sentimental value. But what if something were to happen to these items? While they may be irreplaceable, insuring valuable items against theft or destruction can help you handle unexpected circumstances and losses. While you can never replace the sentimental value of an item, insuring your jewelry and other valuables helps you recover the financial loss. Here’s just a few reasons why you should consider insuring your heirlooms and other treasured items.
It Protects Your Memories
Whether it’s your wedding set, your coin collection or your artwork, protecting items that hold significant sentimental value is essential. Insuring your treasured valuables provides you a way of protecting items that you hold dear.
It Covers Accidents and Repairs
Accidents happen. Whether it’s a spill or a fire, your collections need protection. And as for jewelry, loose stones can lead to lost stones. A jewelry insurance policy can help cover the costs of replacing a missing stone or any repairs your items might need, giving added life to your heirlooms.
Protection Against Theft
Home invasions are scary situations, but with more than 7 million burglaries a year, it’s important to make sure your valuables are protected. Thieves often target jewelry, art and collections. In the event you are the victim of theft, an insurance policy covers the loss of your pieces.
It Gives You an Idea of Your Collection’s Value
In order to properly insure your jewelry or collection, it’s necessary to assess its value. Part of purchasing insurance for your collections involves having an appraiser to assess its financial value. This can give you a great insight into the financial worth of your collection.
It’s Cost Effective
While collections can be expensive, insuring them against damage or loss is a cost-effective way to protect your investment or heirloom. While homeowners insurance covers items in your home, it can be only a small fraction of a collection’s overall value. However, by insuring your collection, you can get complete coverage at just 1-2 percent of the value of your items, saving you a lot of money in the long run.
It Provides Peace of Mind
Knowing that your collections are protected provides a stress-free state of mind. No more worrying about replacing a family heirloom or treasured keepsake. If the unthinkable does happen, you can rest easy knowing that your loss is covered.
Since 1877, SFM Insurance has been helping businesses and families find peace of mind with personalized policies for every need. Whether it’s jewelry, artwork or another collection to your vehicles, life or business insurance, our agents are committed to finding you the coverage you need for the future. Call us today at 937-382-2546 or contact us and let’s have a discussion about protecting your assets. For more tips and our latest updates, visit us on Facebook, Twitter or LinkedIn!