For more than 50 years, Pepper, Johnstone & Company has been trusted with insuring families and businesses. We partner with 60+ insurance companies so that you can consider options that provide the most appropriate protection.
Personal Valuables Insurance
from Pepper, Johnstone & Company
Personal Valuables insurance separately insures possessions of higher monetary value, such as a diamond engagement ring, your grandfather's pocket watch, artwork or a valuable collection. While most homeowners policies have limits on the dollar amount and type of loss that can be recovered, Personal Valuables coverage will provide the protection you need for your most valuable possessions in the event of loss through theft, accident or natural disaster. Under a Personal Valuables policy, you schedule (separately list) each item to be insured and provide a dollar-value for each item. Items are typically covered at replacement cost value; however, there are times when agreed value can be secured.
Why You Need Protection
There is a widespread misconception that the Personal Property coverage part under the homeowners policy covers any type of item up to the policy limit if it is damaged by a covered peril. Unfortunately, this is simply not the case and can prove to be a very costly mistake for many consumers. Homeowners policies categorize certain items under a “class.” For instance, jewelry is a class, just like china, musical instruments, stamp collections, fine art, furs and the like fall under their own respective class.
Your homeowners policy will set a “class limit” for each specified class, which represents the maximum amount the insurance carrier will pay – not per item – but in total. While it varies slightly by insurance carrier, the average class limit for jewelry is $2,000. Similar limits as this apply to the other classes. So in a situation where, for instance, your house is a total loss due to fire (a covered peril) and your $50,000 jewelry collection is subsequently lost, your insurance carrier will only pay the maximum limit of $2,000. In this example, you self-insured the $48,000 difference – a costly mistake. This is where the benefits of implementing a personal valuables policy can prove to be extremely beneficial.
Get the protection you need tomorrow, today.
To learn more about our Personal Valuables insurance products, speak with one of our experienced professionals today.
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We recently switched our home and auto policies to Pepper, Johnstone & Co and have had a great experience. Their entire team is not only knowledgeable but down to earth and willing to share their time, tips and creative ideas. They’ve helped us to achieve to comprehensive protection at the lowest possible cost. I would recommend Pepper, Johnstone and Co to anyone.
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I am always pleased with the gracious and prompt responses to my insurance inquiries, to my specific insurance needs regarding several policies with Pepper, Johnstone & Company. The staff, especially Lauren Hart, makes every effort to take care of my insurance needs, addressing many concerns. I could not be more pleased and feel more secure knowing these folks are taking care of business for me and in my best interest.
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Pepper Johnstone has handled my personal and business insurance needs for years. They do good work and their staff is amazing! They are independent agents so they have access to several different lines of insurance to meet the needs of their clients. I highly recommend them.
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This is a great company to work with! Casandra did an excellent job making sure my claim was completed in a timely manner. Julie is always there to help me any time I need to make changes to my insurance needs. The staff is always professional to work with. I trust Pepper, Johnstone & Company with all my insurance needs and have for many years.
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I started a company in January 2019 & the team at Pepper Johnstone helped me from the beginning. We serve mid-cap to large public companies in Alabama, Colorado and Texas. And, Bryan has been critical in helping us meet and maintain the required commercial insurance policies and coverage levels. Key reasons that I've been so pleased primarily include their high level of technical competence and timely responsiveness on new or changing insurance coverage requests. They do a great job & I can highly recommend them.
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I have dealt with Pepper Johnstone and company in the past and have always had a good experience. This past week I needed a policy, I called Julie and she efficiently, and promptly quoted and bound coverage on the property. I would highly recommend Pepper Johnstone.
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