Now that the holiday season is over, you may find your jewelry box full of some sparkly new items. While finding the perfect outfit that will go with your new necklace or bracelet is important, it is also important to make sure that all of your new belongings are covered with the right insurance protection.
Even though your existing homeowners insurance policy will provide coverage for your personal property, it may not be enough to cover any valuables that you have. The personal property portion of your home insurance policy has strict limits on how much coverage it will provide. If your valuables, from jewelry to fine art exceed that limit, they will not have the protection they need.
The best way to protect all of your valuables is to schedule them within your existing coverage. There are many advantages of scheduling your valuables, including:
- Coverage for theft, breakage, and mysterious disappearance.
- Agreed value for each scheduled valuable making for a very easy claims process.
- Very low or no deductible.
- Coverage anywhere in the world.
It is important to keep in mind that each policy is different, so talk with your insurance agent about your specific coverage limits and options.
When you schedule your valuables, you will need to provide proof of the value with either the receipt for the item or an appraisal receipt. Your insurance agent will need a copy of either receipt that you have to ensure the value of the item.
Contact Scavone Insurance Center in White Plains for all of your New York insurance needs. As an independent insurance agency, we will work closely with you to make sure all of your assets have the protection they deserve, all at the right price to fit your budget.