Are High Dollar Items Covered in Your Insurance Policy?
- Kate Awtrey
- Apr 17
- 2 min read
First In Restoration knows it's not just about protecting your home's structure from water damage—it's also about your personal items inside. As the best water damage restoration company in Georgia, First In Restoration has seen how unexpected water damage disasters can put personal belongings at risk. The damage from a busted pipe can be devastating. That’s why it’s important to check your insurance policy and ask your local agent: "Are my high dollar personal items actually covered in my homeowners insurance policy?"
What Qualifies as a High Dollar Item?
Think of high quality or "big-ticket" items in your home such as jewelry, fine art, designer bags, antique furniture, expensive electronics and even musical instruments. Most of the time homeowners assume these items are protected through their standard insurance policy but unfortunately that isn't always the case.
Standard Coverage Limits Might Not Be Enough
Homeowners insurance policies have coverage limits for specific categories like jewelry or electronics. Your policy may only cover $1,500 worth of jewelry—even if you own $15,000 in diamonds and gold. That leaves a big gap in protection with your standard policy.
How to Know If You’re Covered
Review the Policy: Look at the section about personal property. Check for sub-limits or exclusions.
Check for Riders or Endorsements: These are add-ons that increase coverage limits on specific items through your policy.
Talk to Your Agent: Ask your local agent if your high dollar items are fully protected with your policy and if something happened, what documentation would be needed in order to file a claim.
What to Do if You’re Not Covered for High Dollar Items Under Your Current Insurance
Scheduled Personal Property Endorsements: These are itemized lists of your valuables that you’ve insured at full value.
Separate Insurance Policies: For very high-value collections, a standalone policy may be the better route with better protection.
Regular Appraisals: Insurance companies often require updated appraisals to make sure your items are still properly valued.
Pro Tips to Keep Your Coverage Solid
Take clear, dated photos or videos of your belongings
Keep purchase receipts and appraisals in a safe (preferable water and fire proof)
Update your insurance when you inherit something valuable or make a large purchase.
A home inventory app will help you stay organized
Why This Matters After a Disaster
If a disaster hits your home, your claim is only as good as your documentation and coverage. Don’t wait until something gets ruined to realize your policy isn’t enough.
Why Call First In Restoration?
At First In Restoration, we’ve helped hundreds of homeowners recover from unexpected disasters that threaten both their homes and their valuable possessions. As the top water damage restoration company in Georgia, we’re IICRC certified, specialize in emergency plumbing, and are always ready to respond when things go wrong. If your valuables are at risk due to water damage or mold, don’t wait—call us at 470-748-0225 or visit www.firstinrestoration.com today.
