Hi,
Your Homeowner's or Renter's policy insure your contents againt specific named perils and also with stated limits. Please look at your insurance declaration page or ask your agent about the perils and limits. Flood/ground water is not covered under Homeowner's or Renter's policies because it is not one of the named covered peril. Theft, fire, etc. are normally stated as a named peril-however, there is also the policy limits to deal with.
A Personal Articles Policy (PAP)is a specific policy you purchase to insure for any stated item (Stereo, jewelry, art work etc.)that has coverage that extends beyond the normal named perils and you can buy the amount of coverage that is suitable for your system. The policies are usually not too expensive and most of the major insurers sell PAPs.
Your Homeowner's or Renter's policy insure your contents againt specific named perils and also with stated limits. Please look at your insurance declaration page or ask your agent about the perils and limits. Flood/ground water is not covered under Homeowner's or Renter's policies because it is not one of the named covered peril. Theft, fire, etc. are normally stated as a named peril-however, there is also the policy limits to deal with.
A Personal Articles Policy (PAP)is a specific policy you purchase to insure for any stated item (Stereo, jewelry, art work etc.)that has coverage that extends beyond the normal named perils and you can buy the amount of coverage that is suitable for your system. The policies are usually not too expensive and most of the major insurers sell PAPs.