Safeguard your beloved items with reliable insurance.
If you’re like most of us, your home is full of valuable belongings. From new TVs, high-end laptops, expensive jewelry, family heirlooms, antiques, musical equipment, and more, a home shelters it all. You can’t always be there to keep a watchful eye on your home and possessions, however. That is why protecting your belongings with valuable insurance is critical for peace of mind. You can choose to add valuable possessions to your existing home or renters insurance policy.
Homeowners insurance does a good job of protecting the belongings in your home – to a certain extent. If you have valuable items that exceed the amount of coverage your home provides, then it means your high-value items may not be adequately protected. If your expensive engagement ring gets damaged or stolen, that may mean that you are responsible for repairs and replacements.
For example, many homeowners policies generally have a $1,000 or $1,500 coverage amount for jewelry if the loss is due to theft. Such limits are in place to help keep homeowners policies affordable. However, if jewelry valued at $3,000 is stolen from your home and you have a $1,000 policy limit, you can only receive $1,000 from your insurer to replace the missing items.
That is when an insurance endorsement (often called a rider) can provide increased coverage for your possessions. For an additional premium, this coverage can help protect you from the loss of high-end valuables such as jewelry, furs, antiques, artwork, and collectibles. This coverage gives you peace of mind that your belongings are protected from a variety of risks.