Why specific coverage?
In Switzerland, jewelry, watches, instruments or works of art can be part of the household inventory. But classic household insurance often provides limits for certain categories, especially in the event of theft, simple theft outside the home, loss or accidental damage. A ceiling that is too low can leave you with a significant portion of the loss.
Valuables insurance allows you to insure certain items individually, with a defined sum and more precise coverage. Depending on the insurer and the formula, it can protect against theft, break-in, theft, damage, destruction, loss or disappearance, sometimes worldwide.
What objects may be affected?
- Jewelry, wedding rings, rings, necklaces, gemstones and watches.
- Works of art, paintings, sculptures, collections and designer objects.
- Musical instruments, cameras, home theater or valuable electronic equipment.
- Expensive sports equipment, e-bike, luxury bags, glasses, hearing aids or everyday essentials.
- Property inherited or received as a gift, the real value of which must be documented.
Household, external theft or valuables: what to choose?
Household insurance remains the basis for protecting all of your belongings against major housing risks: fire, water damage, natural events, burglary or theft depending on the contract. The simple external theft option may be sufficient for common objects, but its sum insured is often limited.
For property whose value exceeds the usual limits, or which you often carry outside the home, a valuables policy or All Risk cover becomes more relevant. The goal is not to pay twice for the same item, but to place each risk in the right contract.
The points that change everything in the event of a claim
- The insured value: it should match the replacement cost or current estimate, not just the price paid several years ago.
- The evidence: Invoices, certificates, photos, serial numbers, appraisals and recent estimates facilitate compensation.
- The location of coverage: home only, Switzerland, Europe or worldwide depending on the policy.
- Exclusions: wear and tear, clean defects, objects left unattended, unlocked vehicle or lack of trunk may limit coverage.
- Security: safe, alarm or suitable storage may be required or recommended for certain amounts.
When to request an analysis?
An analysis is useful if you own a unique item of high value, several pieces of jewelry, a luxury watch, a collection, a professional instrument or a work whose price has changed. It is also recommended after a move, an inheritance, a major purchase or an update of your household insurance.
Our support
Finwise helps you inventory your items, check the limits of your household insurance, compare valuables solutions and choose really useful guarantees. We also help you with what evidence to keep to reduce discussions in the event of a claim.