What is valuables insurance?
With contents insurance, you can be sure that your belongings are insured against damage in case of fire or theft. However, if you have many valuable items, ordinary home contents insurance is not enough. You will only be reimbursed for a portion of the value of your belongings. So if you have many antiques, jewelry, art objects or musical instruments, it is smart to take out a valuables insurance.
What do we mean by valuables?
By valuables we mean different types of items. Valuables include antiques, art, high value collections, expensive jewelry, musical instruments or expensive computer & electronics.
What coverage does valuables insurance provide?
Your have two options if you want to insure your valuables:
1) you can take out contents insurance and additionally insure your valuables.
2) take out a valuables insurance policy
Valuables insurance covers more damage than contents insurance. You can think of a valuables insurance as an additional coverage to the contents insurance. With a valuables insurance you are also insured outside the house against damage and theft. It is often the case that it must not be your own fault and there is a maximum amount attached.
Typically, with valuables insurance, you are insured against:
- Loss
- Theft
- Damage
- Destruction
What is not covered with expensing insurance?
Not all damage is covered by valuables insurance. Most insurers have a number of exclusions such as:
- Damage due to own fault
- Intentional damage
- Damage during rental
- Damage during quality degradation
- Damage caused by cleaning, processing or repair
- Damage caused, for example, by a flood, acts of war, earthquake or atomic nuclear reaction
- Theft from unlocked area without signs of forced entry
Please note that the coverage of the costliness insurance may vary from one insurer to another. Therefore, always carefully check the terms and conditions on your policy.
Taking out household contents insurance? Calculate your premium!
What should I look for when purchasing valuables insurance?
When you want to purchase valuables insurance, you need to pay attention to a number of things. For example, you need to know the value of your belongings. Of course, you don't want to be underinsured. That is why it is smart to get an appraisal report. In fact, many insurers value items based on purchase notes and statements from jewelers. If you find a licensed appraiser too expensive, you can also calculate the value of your belongings yourself. This can be done with a handy tool, namely the contents value meter. With this tool, you have a guarantee that you are not underinsured.
Please note that valuables insurance can only be purchased in conjunction with contents insurance.
What about the concurrence of insurance with costliness insurance?
Contents insurance and valuables insurance can overlap in some cases. For example, valuables are also partially covered by contents insurance. Therefore, if there is damage caused by fire to your valuables, this damage is covered by both insurance policies. Insurers have therefore agreed that in these situations the specific insurance goes before the general one. Damage caused by fire to your valuables is thus covered by the valuables insurance.
How do I compare different household insurance policies?
Through Inboedelverzekering.nl you can easily compare different household insurance policies. Please make sure you have your details at hand. You have to answer a number of questions about your personal situation. The calculation module will do the rest for you. You can compare the premiums of the different insurers.
You can apply for your contents insurance right away if you wish. If you have any particulars, always mention them so we can submit the application to the appropriate insurer.
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