Question 1

Do I still need VPP coverage if I already have a homeowners or renters policy with USAA?

Accepted Answer

Most personal property items are covered under a typical homeowners or renters insurance policy, but there could be limitations. A VPP policy provides coverage with no deductible for higher-ticket items such as jewelry, guns and silverware. These may not be sufficiently covered under other property policies due to coverage limitations for theft. The VPP policy also provides coverage for accidental damage and loss, which are not covered under your homeowners or renters policy. Example: You have a $5,000 ring thats been stolen. Youll pay a deductible if you report a homeowners insurance claim, which also could affect your rates on future renewals. If you added this ring to a VPP policy, you wouldnt pay a deductible, and this claim wouldnt affect your future rates. If the ring was not stolen but just lost, its not covered under a homeowners policy but is under a VPP policy.

Question 2

Whats the difference between a blanket and a scheduled jewelry insurance policy?

Accepted Answer

Value limitation and required documentation are the big differences between a blanket and scheduled jewelry policy. Blanket Jewelry Policy This covers any individual piece of jewelry up to $2,500 with a total policy value of up to $10,000. Youre not required to list the covered items or provide proof of purchase when you select this coverage. But proof of ownership and value is required when you report a claim. Scheduled Jewelry Policy This covers individual items that wouldnt apply under a blanket policy. Youre required to list all Items covered, and depending on their value they may require additional documentation. A scheduled policy doesnt have the $2,500 per item or the $10,000 per policy limit.

Question 3

What is replacement cost coverage?

Accepted Answer

Replacement cost coverage means you can repair or replace your stolen or damaged property with items similar in quality and worth. The amount we pay is determined at the time of the claim &mdash; up to but not more than the amount on your policy. We have the option to replace the item or pay to repair or restore it. If you dont want to have the item replaced, repaired or restored, well pay the lesser of our cost to replace it, or the cost to repair or restore it. Well pay your scheduled limit if we determine its not possible or feasible to replace, repair or restore the item. Some exceptions or conditions may apply. Refer to your contract for details.

Question 4

What information do I need to provide to get USAA Valuable Personal Property Insurance?

Accepted Answer

A bill of sale or appraisal dated within the past five years will generally provide enough detailed information for a VPP policy. If your item is less than $15,000, documentation beyond a detailed description isnt required; however, youre required to provide proof or ownership and value in the event of a loss. Appraisals and photos can be uploaded directly to your profile on usaa.com.

Question 5

When and why do I need to get my personal property appraised?

Accepted Answer

To make sure you are adequately covered, we recommend you review the value of the jewelry items scheduled on a VPP policy every five years. Appraisals need to be performed by a certified professional appraiser with the expertise and credentials appropriate for the item(s) youre insuring. Appraisals and photos can be uploaded directly to your profile on usaa.com.

Question 6

What items are not covered by a USAA VPP policy?

Accepted Answer

A VPP policy doesnt cover the following: Collectibles (figurines, sports memorabilia, comic books, etc.) (We offer collectibles insurance.) Drones Electronics (television, computers, etc.) Mobile phones (We offer mobile phone protection.) Tablets or e-readers Gaming systems Sporting goods (bicycles, crossbows, scuba equipment, etc.) Medical Equipment (hearing aids, glasses, etc.) Designer clothes or accessories The items above are covered by a homeowners or renters policy and are subject to that policys terms and condition and its deductible.

Question 7

How can I cover my computer?

Accepted Answer

Computers or laptops are covered by homeowners or renters insurance policies, like the rest of your personal property. You can add extended coverage from your home or renters policy, which would require a minimal deductible, to include a computer on these policies.

Question 8

Can I insure my mobile phone?

Accepted Answer

Your mobile phone can be covered by your homeowners or renters insurance policy. But you would have to pay a deductible and be subject to the limitations of the policy. We offer mobile phone protection through a partnership within our USAA Insurance Agency.

Question 9

Does USAA help me replace my item after I report a claim?

Accepted Answer

USAA has an in-house state-of-the-art gem lab staffed with gemologists from the Gemological Institute of America (GIA). We can help members replace most jewelry items that are insured on a VPP policy. USAA also has a claims replacement service to assist with your other items. We offer replacement cost coverage for your items. The amount we pay is determined at the time of the claim &mdash; up to but not more than the amount on your policy. That means you can repair or replace your stolen or damaged property with items similar in quality and worth.

Valuable Personal Property

Help protect the things you love.

What's Valuable Personal Property insurance?

What items can you cover with a VPP policy?

Jewelry and Smartwatches

Cameras

Musical Instruments

Fine Art

Guns and Bows

Furs, Stamps, Coins and Silverware

Personal Property Plus is available in Europe.

What kinds of claims does VPP cover?

Loss

Breaks

Spills

How much is VPP insurance?

What are the benefits of insuring your valuable items?

No Claims Surcharge

No Deductible

Claims Replacement Services

Bundle and SaveSee note^{See note2}

Need insurance for what's not covered by VPP?

Collectibles Insurance

Personal Cyber Insurance

Bike and E-bike Insurance

Coverage for your electronics

Resources for protecting your valuables

Can you insure anything?

Do I need personal cyber insurance?

How do insurance deductibles work?