Happy New Year
Christmas time is has come and gone and lots of sparkly, expensive gifts have been given & received. Generally, your basic homeowners policy only covers theft. So, if you were a lucky one this holiday and received a highly valuable piece of jewelry, then please contact us and schedule those items on your policy.
What does it mean to schedule your jewelry & why?
Scheduling an item is additional coverage that’s over and above the typical coverage in a homeowners’ insurance policy. Scheduled personal property protects valuable items that are out of the ordinary and need to carry separate coverage to ensure that their full value is covered in the event of a claim. In order to schedule a rider on your homeowners policy, you will need to provide us with a bill of sale or appraisal for each piece of jewelry that was purchased.
For instance, if your wedding ring slips off in the shower and washes away down the drain (just hypothetical … take the paper bag away from your mouth), this may not be covered by home insurance, unless you have a separate scheduled rider on your homeowners insurance.
Other items to schedule on your homeowners policy can include hearing aids, fine art and antiques.
Take time to inventory your items!
While these are some of the most common rider-friendly items, it’s not an exhaustive list by any means. The only way to know for sure what your stuff is worth and how much of it could benefit from increased coverage is by taking a home inventory.
Already know how much your valuables are worth? Call us, we can quote to add a scheduled item to your homeowners insurance quote to start planning coverage that makes sense for your life.