We spent a little time chatting this week with our friend Carl Phillips, one of the top producers CT Lowndes here in the Lowcountry. The topic of conversation? Jewelry! We were surprised to hear that Carl does NOT recommend you add your jewelry to your homeowner’s policy. Instead, he suggests a personal articles floater for his clientele.
According to Carl, separate coverage often results in higher limits, fewer exclusions, and the most important benefit: Jewelry claims do not affect the homeowner coverage. Jewelry and valuable personal items are not always actually in the home when they are lost or stolen. However, when attached to the homeowner coverage, a claim of any size shows as a loss and counts against a “claim free” rating. This causes many homeowners to choose to resist making the claim and simply take the loss of the jewelry in order to protect their policy premiums.
Interested in hearing more about how you can effectively cover your valuable personal items? Please contact Carl for details and a quote customized to suit your needs. Be sure to tell him his friends at SERVPRO of Greater Northern Charleston sent you! Click this link for all of his contact information or contact SERVPRO of Greater Northern Charleston and ask for Beth.