Today people have many items in their homes that appreciate in value, are unique items, or are items that are moved from place to place. These items do not fit the coverage benefits of the normal home insurance policy, leaving them covered improperly if covered at all. Many of these items are excluded from the normal home policy specifically.  Examples are antiques, collectibles, fine art, jewelry, specialty sports equipment, other equipment, tools, cell phones, etc.

Many times items may have value because of their connection to an event or situation, but they may have no real value otherwise. This type of value is not insurable. For value to be insurable, it is critical that you have a proper appraisal completed by a competent appraiser or a receipt of purchase, pictures that clearly show all angles of the item, and a story or note about the item's history; if it is a collectible or an antique, this should include its description, flaws and imperfections, and any other notations that might make its uniqueness apparent. All information and pictures must be submitted to our office for review for unique, collectible, or antique items to have provided coverage. Depending on the items, a new appraisal should be done every several years and submitted to our office with new pictures.

Provided coverage for scheduled items is provided for a stated qualified value amount which you have provided for our office, with data to substantiate it should a loss present itself. If the item is valued less should a loss occur, you will collect the stated value; however, should it be of a higher value, you would collect for the stated value as well and suffer loss.  Therefore, it is critical that your value is correctly done and current for the item(s).

For Antiques:  Please present our office with an appraisal by a qualified appraiser, with a complete detailed description; a receipt is helpful as well, as is a picture that clearly shows the item. A brief history or story concerning the item can also be used to help verify value. 

For Collectibles: Please present our office with an appraisal by a qualified appraiser, with a complete detailed description; a receipt is helpful as well, as is a picture that clearly shows the item.

For Fine Art:  Please present our office with an appraisal by a qualified appraiser, with a complete detailed description; a receipt is helpful as well, as is a picture that clearly shows the item.

For Musical Instruments: Please present out office with an appraisal by a qualified appraiser, with a complete detailed description; a receipt is helpful.

For Specialty Equipment:  Please present our office with a complete detailed description; a receipt is helpful, as is a picture that clearly shows the item.

For Portable Tools:  Please present our office with a complete detailed description; a receipt is helpful, as is a picture that clearly shows the item.

For Lawn Equipment: Please present our office with a complete detailed description; a receipt is helpful, as is a picture that clearly shows the item.

For Small Boats: (for example: canoes, rowboats, etc.) Please present our office with a complete detailed description; a receipt is helpful, as is a picture that clearly shows the item.

For Items that sit on your property but are not attached to your property: ( for example: a picnic table, portable sporting items or such) Please present our office with a complete detailed description; a receipt is helpful, as is a picture that clearly shows the item.

For an inventory form you can use to document these items, please click on the provided link to go to that location on our site.     http://www.phelpsfinancial.com/summary/p/160

If for some reason the data is not available for an item, please contact our office for a possible acceptable suggestion.