Valuable Collections Insurance

Exceptional coverage for exceptional items

While our home policy includes coverage for your valuables, many people choose to insure their most precious possessions with the added protection of a valuables policy, which offers broader coverage on a worldwide basis.

Benefits:

No deductible. If you lose an engagement ring or break a precious antique, the loss is covered from the first dollar.
Market value coverage. We settle covered losses at least at the scheduled amount or, if higher, at market value up to 150 percent of the scheduled amount.
Single item or blanket coverage. You have the option to schedule individual items or choose blanket coverage for groups of valuables such as a jewelry, crystal, or art collections.
“All risk” coverage. Your valuable possessions will be protected against loss due to flooding, which is excluded from the home policy.
Worldwide coverage. Don’t worry about taking your precious jewelry or professional-grade camera abroad.
Newly acquired items. We automatically include coverage for items acquired within the previous 30 days, or 90 days for fine arts.

Coverage Comparison

Standard industry policies do not:

Settle covered losses at least at the scheduled amount or, if higher, at market value up to 150 percent of the scheduled amount
Provide the option to schedule individual items or choose blanket coverage for groups of valuables such as jewelry, crystal, or art collections
Pay for losses due to breaks or fractures of fragile items if, for instance, a precious vase is accidentally knocked off a shelf

FAQs

What types of items do people usually put under valuables coverage?

Jewelry is the most common item put under valuables coverage. Many people also include artwork, silverware, china & crystal, antiques, rare coins & stamps, wine collections, musical instruments, fur coats, and golf clubs.

How much do my precious items need to be worth before a valuables policy makes sense?

If the value of your precious possessions exceeds the limits in your home policy, you should strongly consider valuables coverage.

Even if the value falls under the limit in the home policy, you may still want to have a valuables policy. Unlike a home policy, it covers loss due to mysterious disappearance and flood. Many people also appreciate the lack of a deductible when losing an item that often has sentimental value.

If I lose a precious piece of jewelry, will a home policy cover the loss? Will a valuables policy?

A valuables policy automatically covers loss due to mysterious disappearance. While the ACE Platinum Portfolio home policy also includes this coverage, policies based on the industry standard may not. Even if you lose one earring of a matched set, the ACE Platinum Portfolio will reimburse you for the set.

If my antique table is damaged by a flood, will my home policy cover the loss? Will a valuables policy?

A valuables policy covers loss due to flood but a home policy does not.

What is the advantage of establishing the value of your precious items in a valuables policy?

Establishing the value in advance is a way of ensuring that your records will be in order in case you need to submit a claim for a precious item. If you wait until after a loss, you might not be able to find the receipt for the item, or you may no longer be able to obtain an appraisal due to the condition of the item. This minimizes the chance of disappointment with the reimbursement amount. The ACE Platinum Portfolio valuables policy will reimburse losses at least at the scheduled amount or, if higher, at market value up to 150 percent of the scheduled amount.

Do I need to insure precious items one by one or can I insure them as a group?

You can insure a group of precious items under “blanket” valuables coverage. This particularly helps when you have categories of items - jewelry, fine wine, silverware, etc. - in which each item may not be particularly valuable but the entire collection is. If you lose one of the items in a collection, it could fall under the deductible in your home policy but would be covered by the valuables policy because the valuables policy has no deductible.

How do I establish the value of my precious items?

The best way to establish the value of individually scheduled items is to have them appraised. For lower value items, however, a sales receipt including a description of the item can often suffice. For groups under blanket coverage, you can set the coverage amount in your policy. In the event of loss to an item under blanket coverage, you will be asked for reasonable documentation to help establish its value.

Testimonials

When you have a claim, we have our best opportunity to demonstrate the superb quality of our coverage and service. That’s why we ask every client who has received a claim payment to assess our performance. The result: 97 percent of respondents would refer us to their friends or family.

View our customer testimonials.