Precious metals represent significant concentrated value. Proper insurance coverage is essential whether you store at home or in a vault.
Vault Storage Insurance
Metals stored in professional vault facilities like Intervault Trading benefit from institutional-grade security, including 24/7 monitoring, hardened construction, and strict access controls. Clients are encouraged to maintain their own insurance coverage for additional protection.
Home Storage Insurance Options
### Homeowner’s Policy Rider Most homeowner’s policies limit precious metals coverage to $200–$1,000. A scheduled personal property rider can extend coverage to the full value of your holdings. ### Standalone Valuable Articles Policy Companies like Hugh Wood Inc., JMIS, and others offer standalone policies specifically designed for precious metals and collectibles.
Documentation
Regardless of where you insure, maintain:
- Itemized inventory with descriptions and serial numbers
- Purchase receipts and invoices
- Photographs of each item
- Professional appraisals for numismatic pieces
Cost
Insurance premiums for precious metals typically range from 0.5% to 1.5% of the insured value annually.