Choosing between Homeowners' coverage and Inland Marine Floaters

Loss or destruction of valuable personal property is among the most devastating losses your insureds can experience; especially when the property cannot really be replaced. It's bad enough that the insured might lose heirlooms, jewelry, artwork and other valuable property that cannot be restored at any cost; imagine how much worse this experience is for your client when he learns that these items are underinsured in the standard homeowners policies. Worse yet, imagine the anger when the insured learns that adequate protection was readily available through personal inland marine policies.

Participants of this seminar learn how covering personal valuables under homeowners' policies compares with the protection granted under inland marine "floaters."

Participants in this webinar will:

• Understand the extent and limitations of the coverage extended to personal property under a homeowners policy using standard endorsements;
• Understand how inland marine coverage for valuables can be written as an endorsement to a homeowners policy or as a stand-alone policy; and
• Learn the advantages to the agency and client of protecting this valuable personal property the correct way.