We are assured that the best hiding place for our valuable possessions is inside our very own home. A home insurance policy also covers for valuable items like jewelry and even fur coats.
However, the insurance company will not pay for the actual value of the lost item due to the specified limit of some items. Because jewelry theft is relatively common, the limit of liability for theft is only $1,500.
Floater policies covers for any types of losses, accidental or due to any disaster that home insurance policies usually doesn’t cover. However, before you can purchase one, each items must be appraised and the cost depends on where you live.