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How to Make Sure Your Valuables Have the Right Amount of Coverage

One of the greatest benefits of insurance protection is the peace of mind that comes with knowing the things you value most are safeguarded should an unfortunate event occur. This is why home, auto and life insurance coverage is so important. Oftentimes, however, certain items of value can be overlooked, and as a result become underinsured.

For example, standard homeowners, condominium or renters insurance policies include coverage for jewelry and other valuable items – but with a limit on the dollar amount of coverage for the theft or loss of such items. To better protect these types of valuables, additional coverage is available through a policy endorsement or floater.


Endorsements are additions to your homeowners, condominium or renters insurance policy that change or add to the policy’s provisions. The endorsement can cover property otherwise excluded from a basic insurance policy, extend the number of perils included, or increase the amount paid for a covered loss. The items of value are “scheduled” on a list that includes a brief description and the item’s dollar value.

To determine each item’s value, an appraisal or sales receipt is typically required. This will help ensure that, in the event of a covered loss, the amount of insurance is enough to cover the repair, replacement or cash payment of the item. Items scheduled are typically not subject to the policy deductible.


A separate personal articles floater policy may be used to schedule your valuable property that is subject to special limits under basic homeowners coverage.

Once you have an endorsement or floater, it’s important to periodically review your policy’s coverage limits to minimize the likelihood of being underinsured due to outdated appraisals and inadequate limits of insurance.

We’ve Got You Covered

The cost of coverage varies upon the item, but typically the fee is nominal. VTC Insurance Group can provide you with affordable ways to help protect the things you value. To contact a VTC agent near you, call 248.828.3377 or visit vtcins.com.

This blog is for informational purposes only and is not intended as legal advice.

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