Valued Policy

This is when you have added certain items to your property policy and agreed on the value of the item. This could range from jewellery to watercraft, antiques and fine arts. You pay a separate premium for these items. Usually there is little or no deductible if there is a claim presented.

Your insurance policy will have limits for theft or mysterious disappearance of certain high risk items such as coin collections or furs. Another option is to keep items locked in a safe deposit box or have a fire proof safe in your home.