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?
You have two options if you want to insure your valuables:
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You can purchase contents insurance and include additional insurance for your valuables.
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You take out valuables insurance.
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 against damage and theft outside the house. It is often the case that it cannot be your own fault and that 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 get 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 certified 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.
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 takes precedence over 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. Make sure you have your details to hand. You have to answer some questions about your personal situation. Furthermore, the calculation module does the rest for you. You can compare the premiums of different insurers.
You can, if you wish, apply for your contents insurance right away. If you have any special features, always mention them so we can submit the application to the right insurer.
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