Massachusetts Home Insurance: Special Limits Alert


Not many Massachusetts home insurance consumers appreciate home insurance until it’s claim time.

Claim time is bad time to find out about your policy’s limitations.

That’s why it’s important to know and understand your coverage before a claim.

Recently a client asked if he was “all-set” when it comes to his coverage. Especially, he mentions, because they’ve spent quite a bit of money on jewelry and watches over the years.

That’s when my inner, Massachusetts insurance agent alarm started ringing in my head:


The standard, broad form, Massachusetts homeowner insurance policy has “Special Limits of Liability” for special items.

Such as: the most the insurance company will pay for loss of money, bank notes, bullion, gold, coins etc is $200; $1,000 limit for jewelry, watches, furs, precious and semi-precious stones theft loss; $1,000 limit firearms theft; $1,000 loss securities, deed, manuscripts, tickets, stamps (etc).

In order to have adequate coverage for such items (& antiques, fine art & collectibles), you should schedule onto your policy per appraisal.

When you schedule jewelry (or other special items) you receive all-risk coverage (vs. named peril coverage), no deductible applies, and the item is insured for it’s actual appraised value.

If you would like a free, competitive, no-obligation Massachusetts home insurance quote, please call or click us today.

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