Protecting Your Valuables in East Tennessee
A Guide to High-Value Item Insurance
Life’s biggest moments happen right here in our corner of Tennessee. You might be planning a proposal with the perfect ring from Dempsey’s in Johnson City, inheriting a family heirloom passed down through generations, or adding a prized firearm to your collection. These are the items that carry our stories.
But as your local insurance agents, we have to ask a critical question: Is that new valuable properly insured?
You might assume your Homeowners Insurance or Renters Insurance policy has you covered. While these policies do protect your personal property, they have strict, limited coverage amounts for high-value items, often as low as $1,500 per item. If your engagement ring, watch, or antique is worth more than that limit, you could face a significant financial loss if it’s lost, stolen, or damaged.
What is Considered a High-Value Item?
This special protection isn’t just for jewelry. If you own any of the following, it’s time for a policy review:
Engagement rings, wedding bands, and other fine jewelry
High-end watches (like a Rolex or Omega)
Firearms collections
Fine art and antiques
Silverware and coin collections
Musical instruments
High-value rugs and furs
The Solution: “Scheduling” Your Personal Property
The best way to close this coverage gap is with a “scheduled personal property” endorsement. This is a simple addition to your home or renter’s policy that lists (or “schedules”) each valuable item for its full, appraised value.
Scheduling your items provides broader protection that often covers situations a standard policy won’t, such as:
Mysterious Disappearance: The ring simply vanishes. It could have slipped off your finger while you were out, and you have no idea where.
Lost Stones: A diamond falls out of its setting.
Breakage in some circumstances.
Real Scenarios for Families in East Tennessee
The Engagement Ring: You’ve planned everything perfectly for the proposal. The sheer thought of carrying that ring in your pocket is nerve-wracking. Don’t let the fear of loss or theft cast a shadow over one of life’s happiest moments. As soon as that ring is in your possession, it’s time to get it insured for its full value. The cost is surprisingly low and the peace of mind is priceless.
The Inherited Jewelry Box: Many families in our area have stories of inheriting a jewelry box from a beloved relative. It’s easy to assume it’s all costume jewelry and let it sit for years. Before you consider donating it, do yourself a favor: get it professionally appraised. We’ve heard stories of forgotten bracelets turning out to be rare antiques worth thousands. Don’t let a family treasure slip away because its true value was unknown. This also applies to items appraised more than five years ago, as the value of gold and platinum has likely increased.
How to Insure Your Valuables
Getting the right coverage is a straightforward process. Here’s all you need:
A Recent Receipt or Professional Appraisal: This document establishes the item’s value.
A Quick Conversation: Give our team a call. We can help you add a “scheduled” endorsement to your policy in minutes.
That’s it. Your most cherished items will be protected.
Your Local Experts for Protecting What Matters Most
From Johnson City to Elizabethton and Greeneville, Veritas is here to help our neighbors protect their most precious belongings. We understand the unique needs of families in East Tennessee because we’re part of the community too.
If you have questions about your current coverage or want to insure a new high-value item, don’t hesitate.
Call us today at (423) 292-4142 or click here to request a free, no-obligation quote online. We are here to help!
