Personal Articles Insurance

What Does Personal Articles Insurance Mean?

Personal articles insurance provides coverage for personal belongings owned by the policyholder that are not included under other insurance policies, such as homeowner’s or renter’s insurance. This type of coverage typically applies to valuable items like expensive furs, artwork, jewelry, sports equipment, and musical instruments. Many insurers sell the same coverage under the name personal property floater, where each scheduled item gets its own limit separate from the home’s general contents coverage.

Insuranceopedia Explains Personal Articles Insurance

Personal articles policies can be added to standard homeowner’s policies for additional coverage. This type of insurance is especially beneficial for individuals with numerous expensive items in their homes. Homeowner’s insurance typically offers limited coverage for personal property. Jewelry, for example, is usually capped at $1,000 to $2,000 per claim under a base homeowners policy, and renters insurance covers jewelry at similarly low default amounts. Therefore, personal articles policies help protect homeowners from significant financial loss if they experience major losses that exceed the personal property coverage limits of a standard homeowner’s policy.