Not Everything in Your Home Is Automatically Covered: A Practical Guide for Homeowners
It’s easy to assume that your home insurance covers all of your belongings equally. After all, your policy likely shows a large number under “contents coverage.” But insurance doesn’t work that way. Some items are grouped into special categories and insured differently from everything else.
What This Means for You
If you own items like jewellery, artwork, bicycles, tools, or collectibles, they may only be insured up to a fixed amount—no matter what they’re actually worth. For many homeowners, this comes as a surprise after a loss.
Everyday Examples
- A bicycle worth several thousand dollars might only receive a payout of a few hundred dollars.
- A jewellery set may require an appraisal and scheduling to be fully covered.
- Tool sets, especially for tradespeople, often exceed standard limits.
These rules aren’t hidden, but they’re not always obvious unless you know where to look in your policy.
How Saxbee Helps
We sit down with homeowners to review these special limits in plain language. If something needs extra protection, we’ll help you add endorsements or schedule specific items. The goal is simple: making sure your belongings are insured the way you think they are.
