{"id":203,"date":"2014-06-28T15:33:50","date_gmt":"2014-06-28T19:33:50","guid":{"rendered":"https:\/\/project-011.com\/?page_id=203"},"modified":"2015-03-30T06:56:51","modified_gmt":"2015-03-30T11:56:51","slug":"personal-articles-insurance","status":"publish","type":"page","link":"https:\/\/project-011.com\/?page_id=203","title":{"rendered":"Personal Articles Insurance"},"content":{"rendered":"

\"Personal<\/a>Personal Articles Insurance<\/h1>\n

In Personal Articles Insurance<\/strong>, personal articles are especially valuable items of personal property that are either limited by terms of the homeowner policies or ineffectively covered by\u00a0a\u00a0homeowner policy that has not been endorsed to provide additional coverage to limited property.\u00a0 When you use\u00a0personal articles insurance<\/strong> you can add coverage for especially valuable special property like jewelry and collectibles that are exposed to types of losses that the homeowner insurance policy was not designed to cover. \u00a0After all, the homeowner policy is merely an average of coverage needs that suits many, but not all, families buying homeowner insurance.<\/p>\n

Property Covered by A Personal Articles Insurance Policy<\/h3>\n

Typically we use the inland marine personal articles insurance<\/strong> floater to cover unique and especially valuable property.\u00a0 Property exposed to unique hazards or causes of loss are often added to this endorsement to a homeowner policy. \u00a0For example, a standard homeowner policy does not deal with the loss of precious stones from a ring when there is no theft. \u00a0A personal articles insurance<\/strong> (endorsement or policy) covers this kind of loss in addition to others. \u00a0The typical types of property best served by a personal articles insurance<\/strong> policy includes the following:<\/p>\n

    \n
  • Jewelry and engagement rings<\/li>\n
  • Silverware, china and crystal<\/li>\n
  • Antiques<\/li>\n
  • Fine Art<\/li>\n
  • Stamp and coin collections<\/li>\n
  • Bicycles<\/li>\n
  • Trophies<\/li>\n
  • Sound equipment (recorders)<\/li>\n
  • Sports equipment (archery, camping, fishing, skiing)<\/li>\n
  • Wedding gifts<\/li>\n
  • Cameras and related equipment<\/li>\n
  • Computers<\/li>\n
  • Musical Instruments<\/li>\n
  • Golf and Sports Equipment<\/li>\n
  • Furs<\/li>\n
  • Guns<\/li>\n
  • Collections and Collectibles<\/li>\n<\/ul>\n

    Examples of Personal Articles Insurance In Action<\/h3>\n

    Let\u2019s give you two examples\u00a0of how the homeowner policy may not provide the coverage you require or desire for your precious items.\u00a0 Let\u2019s take a diamond engagement ring as the first example.<\/p>\n

    Your homeowner policy will provide theft coverage for a loss in most instances up to a dollar value of say, $1,500.\u00a0 However, if you want more coverage you will need to endorse the policy to add additional value or add an inland marine personal articles insurance<\/strong> coverage endorsement (or policy).<\/p>\n

    Example 1:<\/strong> \u00a0However, the HO3 homeowner policy (the most commonly issued policy we offer) will limit losses to those causes of loss actually named and listed in the policy.\u00a0 Theft is covered, but the coverage is limited to a small amount as noted above.\u00a0 What happens if the diamond stone is lost from the ring?<\/span><\/em>\u00a0 This \u201cmysterious disappearance\u201d was likely the result of damage to the prongs holding the stone to the mounting of the ring and is not a listed cause of loss in a homeowner policy.\u00a0 However, an inland marine personal articles insurance<\/strong> endorsement to your home policy will provide \u201call risk\u201d coverage.\u00a0 Actually, the coverage is for all accidental direct physical loss unless excluded or limited.\u00a0 This means, absent the application of an exclusion to the loss, the diamond is covered up to the listed limit or value of the ring as described in the endorsement.\u00a0 This provides the broadest available coverage for your jewelry.<\/p>\n

    Example 2:<\/strong> \u00a0Lets also consider another potential scenario.\u00a0 Again, the most commonly issued homeowner policy is the HO3 special form of coverage.\u00a0 This form provides coverage for personal property on a named cause of loss basis. \u00a0If coverage isn’t named in the policy, it is not covered by the policy.\u00a0 If your collection of porcelain figurines are accidently damaged when the cabinet is knocked over, there will be no coverage<\/em><\/span> for breakage under the homeowner policy.\u00a0 However, the inland marine personal articles insurance<\/strong> endorsement (or separate policy) will provide coverage for almost all forms of direct physical loss unless excluded or limited.\u00a0 Breakage is often an additional cause of loss that can be included in the personal articles insurance<\/strong> endorsement so if you have items subject to breakage you should request that breakage be included in your additional coverage endorsement.<\/p>\n

    Protecting your valuables and collections is an affordable option with a personal articles insurance<\/strong> endorsement to your home policy.\u00a0 In some cases we can provide this endorsement as a stand-alone policy when the collections or values are extensive.\u00a0 We know that these items are important to you so please make sure to mention your valuable items and you should assume that most homeowner policies will not provide the broad protection you will expect for many types of valuable personal property and collections.<\/p>\n

    And, if you have questions or want more personal attention and advice, contact Terry McCarthy at (513) 779-7920 Monday \u2013 Friday from 9 \u2013 5 most days.\u00a0 If other times are needed, call and schedule an appointment at a more convenience time.<\/p>\n","protected":false},"excerpt":{"rendered":"

    Personal Articles Insurance In Personal Articles Insurance, personal articles are especially valuable items of personal property that are either limited by terms of the homeowner policies or ineffectively covered by\u00a0a\u00a0homeowner policy that has not been endorsed to provide additional coverage to limited property.\u00a0 When you use\u00a0personal articles insurance you can add coverage for especially valuable […]<\/p>\n","protected":false},"author":2,"featured_media":0,"parent":17,"menu_order":0,"comment_status":"open","ping_status":"open","template":"tpl-personal-articles.php","meta":{"footnotes":""},"class_list":["post-203","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/project-011.com\/index.php?rest_route=\/wp\/v2\/pages\/203","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/project-011.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/project-011.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/project-011.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/project-011.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=203"}],"version-history":[{"count":5,"href":"https:\/\/project-011.com\/index.php?rest_route=\/wp\/v2\/pages\/203\/revisions"}],"predecessor-version":[{"id":2006,"href":"https:\/\/project-011.com\/index.php?rest_route=\/wp\/v2\/pages\/203\/revisions\/2006"}],"up":[{"embeddable":true,"href":"https:\/\/project-011.com\/index.php?rest_route=\/wp\/v2\/pages\/17"}],"wp:attachment":[{"href":"https:\/\/project-011.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}