As a homeowner, you want to be protected from certain unforeseen and unanticipated events such as theft, fire, flood, natural disaster, or other occurrences that can cause damage to your personal belongings. While you may have a homeowners insurance policy, this isn’t always enough to cover everything. Personal inland marine insurance acts as an extension of your homeowner’s insurance policy to offer additional coverage for personal belongings ranging from jewelry to collectibles, musical instruments, cameras, and fine art. Your personal property can also be damaged while being transported, which personal inland marine will protect. Your personal property is precious and valuable to you, and should have adequate insurance protection, which personal inland marine can provide.
Covered Property in a Personal Inland Marine Insurance Floater
You will find that many of your belongings and personal property items are covered under personal inland marine insurance, including many of your most valuable and expensive personal effects, such as jewelry or collectibles.
Cameras – Photographic cameras, accessories and equipment for photography are typically covered under a personal inland marine policy. This includes not only the cameras, but other equipment like projection machines, video recording equipment, lenses, films, photographic lighting, telescopes, binoculars, and other accessories that may add to the total value covered.
Fine Arts – Many different types of fine arts can be included under your personal inland marine coverage, each of which will have an individual value to be covered should they become stolen or damaged. Examples of fine art that may be covered include paintings and other works of art, rare books, antiques such as furniture and artwork, glasses, valuable manuscripts, ornamental knick-knacks and many others.
Furs – Personal inland marine floater policies also include furs and items made with fur, such as fur coats, boots, and other clothing items made with genuine or imitation fur, or even those trimmed or lined with fur. As with most other types of personal property covered by personal inland marine, each item will have its own unique value to be covered should it become lost, damaged, or stolen.
Golfing Equipment – Golf equipment is also covered under personal inland marine floater insurance including the golf clubs, accessories, and even the clothes of the golfer. Each piece of golfing equipment, accessories, and clothing will be listed on the floater insurance schedule with the value.
Jewelry – Most of your valuable jewelry will be covered under personal inland marine insurance floater, but it is looked at more closely for the exact value and whether or not each piece is going to be covered. Expect to have your jewelry carefully examined and appraised for its value before it’s covered by personal inland marine insurance.
Musical Instruments – Most of your musical instruments and musical instrument equipment or accessories can be covered by a personal inland marine policy. This includes not only your musical instruments, but equipment such as amplifiers and sound equipment, and other types of accessories used for your musical instruments.
Silverware – If you have silverware or goldware valuables in your home, it can also be covered under your personal inland marine insurance floater policy. Rather than being covered as one lump sum, each individual silverware or goldware item is going to be listed separately according to its approximate value for the insurance.
Stamps and Coin Collectibles – As part of your valuable personal property collection, stamp and coin collections may also be covered under the personal inland marine floater insurance policy. This will depend on the value of your collectibles and may be listed individually or on a blanket basis.
Personal inland marine insurance is an expansion of your homeowner’s policy and can provide you more comprehensive coverage against the theft or damage of your valuable and personal property. You have spent time and money on your valuables, and they can be properly protected by personal inland marine insurance coverage.
