Some Valentine’s Gifts Need To Be Insured
It is that time of year when many of us give that special person in our lives a gift that they will enjoy year round. Valentine’s gifts typically include watches, jewelry, art, cameras and other valuable items. Examples of items that will need special coverage
Collections of stamps, books, or coins
Whatever you may do this year, if you purchase an expensive item for that special person, make sure you get it insured. Most homeowners or renter’s insurance policies restrict coverage for items like jewelry to $1,000 dollars. In addition, most policies cover named perils for fire and theft, etc.; however, they may exclude coverage for the ring that gets flushed down the toilet; that is unless the expensive item is scheduled. To cover such circumstances that the insurance industry has dubbed “mysterious disappearance”, you will need a valuable articles personal property endorsement on your homeowners or renters policy.
Tips to keep valuables safe
Have your jewelry appraised by a qualified jewelry appraiser for insurance replacement purposes
Keep items in safe place
Take off while working outside
Homeowners and renters insurance can provide many benefits including:
Additional Living Expense -This coverage pays for the extra, above normal costs of expenses such as food and lodging incurred while the policyholder’s home is being repaired.
Extended Replacement Cost – Provides additional coverage up to 150% of the dwelling’s policy limits to rebuild your home in the event you suffer a covered loss.
Personal Liability Protection- Pays for bodily injury or property damage caused to others as a result of a covered incident.
Identity Theft Protection – Pays for expenses you incur as a result of criminal identity theft.
Call us today. We can provide you will the right combination of coverage, and price, followed up with outstanding service.