Your valuables are important to you – and insuring them is equally important to prevent serious loss in the event of damage or theft. Standard homeowners, condominium or renters insurance policies include a limited amount of coverage for jewelry and other items of high value (electronics, firearms, etc…). However, many policies limit the dollar amount of coverage for the theft or loss due to a covered peril of such items. To properly protect certain types of valuables, additional coverage is available through a policy endorsement or floater. Following the holidays is a perfect time to review your items that are valuable and should to be separately insured. If you already have a policy with your items insured, now is also a great time to review your covered items to make sure it is up to date. Oftentimes phones or jewelry is replaced but clients forget to update their policies with the correct items.
The cost of coverage varies upon the item, but typically the fee is nominal. Our personal lines team of professionals can provide you with more information about coverage and an estimate for the cost of scheduling an item.
Before your possessions or precious jewelry becomes lost or stolen, call Purdum Gray Ingledue Beck, Inc. at 888-833-1755 to learn more about the affordable ways we can help you protect the things you have that are valuable.
