The types of, and associated limits for, specialty property automatically included in most traditional home insurance policies are captured in the table to the right.
Probably the first thing you’ll notice is how out-dated this list is. Do you own gold bullion? Even if you do, is it something you keep at home? If you answered no to either question, the fact that traditional policies automatically include $5,000 for securities and bullion is going to be irrelevant to you.
On the other hand, you might be surprised to find that some common types of property, like electronics, are deemed by traditional policies to be specialty property and subject to limits. The $500 included for cell phones doesn’t even cover the cost to replace one smart phone.
At Square One, you personalize your policy to your individual needs. You automatically receive blanket coverage for electronics, among other things. You aren’t forced to buy – and, more importantly, you don’t pay for – protection on specialty property you don’t own.
At Square One, you choose which of your specialty property to insure. Ultimately, that saves you money.
Learn about specialty property types