Tips For Insuring Your Holiday Gifts

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.

New Valentine’s Day Gift? Make Sure it’s Covered!

Hopefully your loved one adored that lavish gift on Valentine’s Day! Did you know that expensive items need to be scheduled separately in order to be fully covered on your insurance policy?

Although your possessions are protected by your homeowners or renter’s insurance, there is a limit on the amount of coverage that can be applied to a single item. Items like jewelry, art and expensive furs can sometimes exceed the amount of coverage provided by a standard homeowners insurance policy.

A scheduled item will be separately described on your insurance policy. Your insurance agent may need to see an appraisal or a receipt in order to prove the scheduled item’s value. Insuring jewelry is easy, and it’s worth it to have that extra protection.

Contact your agent at Stromsoe Insurance Agency for more information. Stromsoe Insurance Agency is located in Murrieta, California. We insure families in California, contact us today for more information!