Do You Need A Scheduled Articles Floater?

Almost all of your personal property is insured under your homeowner’s policy; however, most valuables have a sublimit that may leave you severely underinsured. We are talking about; jewelry, guns, cameras, silverware, crystal, china, sporting equipment, art, and other expensive items you may own. The best way to protect your valuables is through a scheduled articles floater. A scheduled articles floater is either a separate policy or a rider added to your homeowner’s policy, depending on your carrier. A scheduled articles floater itemizes valuable items on your homeowner’s policy and extends the policy’s coverage to the items.

Why You Need Scheduled Article Floater Coverage

Typically, your homeowner’s policy will cover your valuable items anywhere from $500 to $2500 and may include a deductible without any schedule; depending on the insurer. With a scheduled articles floater you can obtain coverage up to the replacement value of the item. Insurers will ask for a bill of sale or appraisal to verify the replacement value.

The primary reason why you should choose to purchase a scheduled articles floater is that it offers additional coverage not provided by your “normal” coverage. Accidental loss or damage is a coverage included under the personal articles floater. For example, if you lose your wedding ring at the beach or drop it down a drain it would typically be covered under a personal articles floater.

If you are in need of scheduled articles floater coverage or have more questions, give us a call today.