Why a standard household insurance is not sufficient for valuable assets

Many people think that their luxury possessions , such as jewelry, watches, artworks and antiques , are automatically insured through their standard household insurance . But did you know that regular household insurance often does not provide enough coverage for expensive or exclusive property?

What if your diamond ring is stolen , your Rolex will be damaged , whether your painting will be lost by fire ? In this article we explain why a standard household insurance is not sufficient and how a valuables insurance does offer the right protection.

1. What does a standard household insurance cover?

A household insurance reimburses damage to things in your house for example:
✔ Brand
✔ Water damage
✔ Storm and lightning strike
✔ Theft after burglary

But there are important restrictions on coverage for luxury and precious assets.

The biggest restrictions in household insurance

🔸 Maximum coverage per item
Many insurers use a limit per expensive item , often between € 2,500 and € 5,000 . A Rolex, Patek Philippe or Cartier watch is often worth much more than this amount.

🔸 No worldwide coverage
Theft and damage outside the home are usually not or only partially covered. If you take your jewelry, watch or artwork to a hotel, traveling or to an event, your risk is running.

🔸 Limited theft coverage
in the event of theft outside the home, insurers often only pay a small percentage of the value . Street robbery or pickphaps rarely fall under a standard policy.

🔸 No coverage for loss
Do you lose a precious piece of jewelry or watch? A household insurance almost never loss

🔸 No market value correction
Some luxury watches and artworks increase in value. However, a standard household insurance only reimburses the original purchase value and not the current market value.

Do you want full protection? Then an exclusive valuable insurance necessary.

2. What is a valuable insurance policy and why do you need it?

A valuables insurance is specially designed for luxury and valuable properties. It offers much more extensive coverage than a household insurance.

What does a valuable insurance policy do?

✅ Full theft coverage , also outdoors and traveling.
✅ Non -life insurance , also for accidents such as falling or bumps.
✅ Cover for loss - ideal for watches, jewelry and small works of art.
✅ High insured value , tailored to the current valuation.
✅ Worldwide coverage , so that your possessions are protected everywhere.

Do you have several luxury items? Then you can insure them together under one valuables insurance .

3. For which costly assets is this insurance suitable?

A valuables insurance is ideal for:

💎 Jewelry & Diamonds - Exclusive rings, necklaces and heirlooms.
⌚ Luxury watches - Rolex, Patek Philippe, Audemars Piguet, Cartier, Omega and more.
🖼️ Art & Antiques - paintings, sculptures and rare collective objects.
🎻 Musical instruments - exclusive violins, pianos and other valuable instruments.
🏆 Rare collections - think of coins, stamps or vintage wine collections.

Wondering if your assets can be insured? Request advice without obligation from Finass insures .

4. How does a valuable insurance work work?

There are different ways to insure luxury assets:

OPTION 1: Contents insurance with extra coverage

🔹 Maximum coverage per item : usually € 2,500 - € 5,000 .
🔹 Outdoors and often not losing co -insured .

Option 2: Separate valuables insurance

✅ High insured value - up to hundreds of thousands of euros per item.
✅ Full coverage against theft, damage and loss .
✅ Worldwide coverage - ideal for travelers and collectors.

For luxury watches, jewelry and artworks, a separate valuable insurance is often the best choice .

5. What should you pay attention to in the event of a valuable insurance policy?

Not every insurance offers the same coverage. Take into account:

✔ Appraisal and valuation

Many insurers demand a recent appraisal report or proof of purchase. Let luxury assets charge regularly, because some items rise in value.

✔ Falling area: the Netherlands or worldwide?

If you travel with your valuables, choose insurance with global coverage .

✔ Own risk and premium

💰 The value of the valuables determines the premium.
🔒 A safe can provide a premium discount.

Do you want to know what the best insurance is for your assets? Request a personal advice from Finass insures .

6. Frequently asked questions about valuables insurance

💬 Is my watch or jewelry insured when I wear it?
Yes, an exclusive valuable insurance offers coverage outside the home , even if you wear your jewelry or watch.

💬 Is mijn kunst of antiek verzekerd op reis?
Not standard. Veel reisverzekeringen hebben een lage maximale uitkering . Kies daarom voor een verzekering met wereldwijde dekking .

💬 Do I have to keep my jewelry or watches in a safe?
For some expensive items, insurers ask for this. Keep your valuables in a certified safe for better conditions and lower premiums.

7. How do you take out valuables insurance?

Do you want to optimally protect your luxury assets? Follow these steps:

1️⃣ Have your valuables appraised - a valuation report or proof of purchase is essential.
2️⃣ Choose the correct coverage - theft, damage and loss can be insured separately.
3️⃣ Request a quote from Finass insure - our specialists are happy to help you.
4️⃣ Take out the insurance and enjoy your valuable possessions carefree!

Conclusion: Protect your luxury assets with the right insurance

A standard household insurance is not sufficient for luxury jewelry, watches and artworks . Do you want optimum protection against theft, damage and loss? Kies dan voor een kostbaarhedenverzekering .

💎 Request a quote today and make sure that your valuable assets are well insured! 🚀