Tag: jewelry

Does Your “Precious” Have Enough Jewelry Coverage?

Posted on by butlervetinsurance

Your jewelry needs to be insured to deal with the risk of everyday life, and while homeowners insurance may cover your precious items, you may require more.

If only Smeagol would have had enough jewelry coverage, perhaps he could have spent his time doing something more productive rather than following a pair of hobbits all the way to Mordor to steal back his “precious.” While your reason to insure your jewelry may not be as extreme, you need to know if all of your jewelry is going to be covered in case of an accident. Here are a few things everyone should know when it comes to their jewelry and jewelry coverage.

  1. How much does your homeowners insurance cover?
    Your homeowners insurance covers your jewelry, that much is not up for debate. What is up for debate is the amount of coverage and the damage to which your pieces of jewelry may fall victim. Insurance covers regular things like fire, theft, vandalism, and other things, but it will not cover stone.
  2. What is the monetary value of your jewelry collection?
    Hire a professional to appraise your collection in order to get an idea of how much coverage you need.
  3. Do any additional pieces need extra coverage?
    Only once you know your monetary amount, can you purchase the correct coverage. If some of your expensive pieces go above your coverage, you can extend the policy to these pieces to ensure you are covered.

Your jewelry may only have sentimental value, thus, no price tag in your eyes. But that doesn’t go double for burglars or the curve balls of life. For all of your home insurance coverage needs to keep your jewelry and your home safe from covered dangers, contact Stromsoe Insurance Agency. We will work with you to ensure you have the right coverage that you deserve, all at the right price to fit your budget.

Tips For Insuring Your Holiday Gifts

Posted on by butlervetinsurance

Scheduled Personal Property Coverage

As you enjoy looking lavish in your new expensive gifts and your children continue running around the house playing with their new holiday gifts, it becomes increasingly more important that you add insuring your holiday gifts to your to-do-list. Many individuals fail to realize the importance of this task, assuming they have coverage through their homeowners insurance policy.

In reality, your homeowners insurance policy comes with a limited amount of coverage for your personal belongings, therefore, you may find out that you are lacking coverage when you are in need of it most. Imagine the terror of purchasing a brand new gaming console for your children only to have it ransacked by a criminal who noticed the Xbox packaging in your dumpster. Not only would you be short the money spent on the console, but you would also have to file a homeowners insurance claim.

Scheduled personal property coverage provides homeowners with a logical solution to insuring valuables. Each scheduled item under this form of coverage will be appraised by a professional, so that your insurance provider can reimburse you for any losses at replacement cost value. This means that the depreciation of the item will not be calculated when it comes time to reimburse you for a loss.

Items worth scheduling include but are not limited to fire arms, family heirlooms, jewelry, collectibles, electronics, and fine art. Through this form of coverage, items are replaced to you whenever they are damaged, stolen, or simply misplaced.

If you are ready to start insuring your valuables for what they are worth, please do not hesitate to give us a call. Contact Stromsoe Insurance Agency for all of your California homeowners insurance needs. We can add scheduled personal property coverage to your policy so that insuring valuables becomes a simple task.