Valuables insurance makes sense if you own valuable items such as jewellery, collector’s items or musical instruments. The CHF 20,000 threshold is key: if an individual item is worth more than CHF 20,000, it can be included in a valuables insurance policy and be comprehensively protected. You can conclude supplementary insurance under your household contents insurance for items valued at less than CHF 20,000 each.
Helvetia recommends that you have your valuables assessed regularly by an expert so that the value in the policy can be adjusted. That way you can avoid underinsurance / cover shortage. The policy clearly lists every item covered under valuables insurance.
The insurance applies
No, damage due to wear and tear or to decay is not covered.
The supplementary insurance for “special valuables” covers only items valued at CHF 20,000 or less each.
If you have individual items worth more than that, it is worth taking out valuables insurance, which covers items valued at up to CHF 50,000 each and for a total amount of up to CHF 100,000.
Tip: Combine household contents insurance and valuables insurance. It may be worthwhile insuring individual valuable items separately with a valuables insurance policy and reducing the sum insured of your household contents insurance.