Specialty Insurance — If It's Worth Protecting, We've Got a Policy for It

Your personal auto policy typically excludes motorcycles, ATVs, golf carts, and watercraft. Your homeowners policy has limited coverage for personal property and usually excludes motorized vehicles entirely.

Specialty insurance products are designed for these specific risks. A motorcycle policy includes coverage for custom equipment that a standard auto policy would never cover. A boat policy includes coverage for the trailer, the engine, and in some cases, the gear in the boat.

Classic car insurance values your vehicle based on an agreed value — the amount you and the insurance company agree the car is worth — rather than actual cash value (which depreciates over time). For a collectible that appreciates in value, this distinction can mean tens of thousands of dollars at claim time.

Classic car policies also typically include coverage for car shows, limited pleasure driving, and sometimes restoration in progress. They're designed for how collectors actually use their cars.

Jewelry, fine art, watches, wine collections, sports memorabilia, musical instruments, cameras — standard homeowners policies typically cover these at low sub-limits ($1,500–$5,000 for jewelry is common) and often exclude breakage and mysterious disappearance.

A scheduled personal property floater provides coverage for each specific item at its appraised value, with broader coverage including accidental breakage. If you have items worth significantly more than your policy's sub-limits, a floater is the right answer.