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Is Your Christmas Gift Covered?

 

I hope all of you out there had a wonderful Thanksgiving! Ruby and I fattened ourselves up on a nice deep-fried turkey, and now we are ready to get back to work protecting you.

Have you already begun your holiday shopping? Maybe you’ve purchased a nice set of diamond studs for your wife; but did you know that that beautiful piece of jewelry you bought your loved one for Christmas might not be covered on your homeowner's Insurance?

Certain property is limited in each & every homeowner’s insurance policy sold in America. Insurance brokers have written and spoken tons about this subject; yet often the advice is ignored.  Many people recently purchased Christmas and Holiday jewelry, or special, one-of-a-kind valuable items  . . . like an awesome set of golf clubs! 

In insurance policies, there are certain types of property that are not fully insured – often limited to only $1,500 reimbursement – unless you itemize them and, yes, pay an additional premium for the special protection.  Still, there will be no deductibles applied to these items if they are stolen or damaged – for anything that will happen to them save wear & tear or fraud.

These types of properties include Jewelry & Furs, Bullion, Gold, Silver, Pewter), Money (incl. coin collections), Stamp collections, Guns, Securities, and in some cases, Computers, Tools, Oriental Rugs, and Business Property (your employer’s or your own).

It is important to ask your agent about what you have covered.  No agent wants to tell you that there is no coverage for a jewelry theft, so be sure to discuss this and other personal insurance issues with your agent regularly.

Make sure that the first phone call you make on December 26th is to your insurance agent.

 

 

Photo credit -  © Hyrma - Fotolia.com

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