Many people assume that their standard Florida home insurance policy will cover everything that they have in their homes, and while it does cover a lot, there are many items that you might want to get extra coverage on.
But will my standard Florida homeowners insurance cover my rock collection?
The short answer is that yes it will, up to a point. It all depends on the value of your rock collection. Are the rocks precious? Are they the fossilized remains of extinct creatures? Have they come from outer-space? Or were they just collected on the beach one day to remind you of a lovely vacation by the sea?
If your rock collection needs any sort of specialized treatment or care or is in anyway rare, then it needs a specialist policy. It won’t be covered enough under a general policy.
There are such things called riders, or sometimes known as endorsements according to https://floridainsurancequotes.net/florida-homeowners-insurance/. They are written statements which are then attached to your policy to increase your coverage. A new rider or endorsement should be taken out on each individual collection. For example, if you also collected fine art to go alongside your rock collection, then a rider would be needed for both as they both have different values and maintenance and repair procedures should they be damaged.
But it isn’t just accidental damage but also theft. What if someone were to steal your precious rocks? Under a standard FL home insurance policy your rocks are only covered for a certain amount. The payout on stolen jewels might not cover their true value at all.
Standard Home Insurance Policy
Many standard home insurance policies do not provide specialist coverage for collections and if they do, it is very limited to a maximum of $2,000 but usually far less and the insurer does not take into account the actual value of individual collections or art pieces, which is why is it important to have your collection valued by an independent expert before approaching a home insurance provider as the policy cover and premiums will be based on the true value figure and not under the general umbrella of the standard home insurance policy.
But as with any financial product, it is best to speak to an adviser who will be able to tell you exactly what you are covered for and by how much and will be able to help you to make any additions or changes to your home insurance in FL from https://floridainsurancequotes.net/florida-homeowners-insurance/ that may be needed.