Are Your Valentines Gifts Covered?
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
- Guns
- ATV’s
- Boats
- Jewelry
- Art
- Collections of stamps, books, or coins
- Expensive wine
- Antiques
Whatever you may do this year, if you purchase a costly 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 article’s personal property endorsement on your homeowners or renter’s policy.
Tips to keep valuables safe
- Have your jewelry appraised by a qualified jewelry appraiser for insurance replacement purposes
- Take pictures
- Keep items in a safe place
- Take off while working outside
Homeowners and renter’s 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 policy holder’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 with the right combination of coverage, and price followed up with outstanding service.
You might be able to pay less for your insurance premium and not even know it. So it pays to connect with us to review your insurance needs. Allen & Furr Insurance, is an Independent Insurance Agency, we represent many of the top insurance companies in the country. This means better coverage, and at a competitive price, including life and health insurance.