Special Limits of Liability
Did you know you are limited in what you can recover for your damaged electronics, jewelry and art?
You may not be aware that your insurance policy contains a section entitled “Special Limits of Liability” which creates limitations in the amount of money you can recover for a variety of items. This is a section that most people are not familiar with, but should be.
If you are a collector of art, jewelry, coins, guns or any other valuable collectables you should purchase additional coverage for those items to protect yourself from loss. These items can be lost in a variety of ways including fire, wind event or even theft. You may be unaware that your standard homeowner policy contains exclusions and limitations for these and other items.
Check your insurance policy to be sure or contact a professional from Tropical Tradewinds to have a complimentary policy review and make sure you are not caught off guard in the event of a loss.
Robert Rosado is a licensed and bonded insurance adjuster with over 10 years of experience helping guide policyholders through the complicated financial recovery process involved in presenting an insurance claim in Florida. He became a member of the FAPIA Board of Directors in 2014 and has served on various committees including Ethics, Community Affairs and the FAPIA Ambassador Legislative Outreach Committee.