As the holiday season approaches, many homeowners in Fountain Valley, California, might find themselves receiving valuable gifts, such as jewelry. If you’re one of the lucky recipients of a precious piece of jewelry this Christmas, it’s essential to understand the importance of adding it to your homeowner’s insurance policy.
Why Add Jewelry to Your Home Insurance Policy?
Home insurance policies typically cover personal property, but there are usually limits on the coverage for high-value items like jewelry. This limitation means that in the event of theft, loss, or damage, your standard policy may not fully cover the value of your expensive jewelry.
Increasing Coverage for Valuable Items
- Scheduled Personal Property: This is an addition or endorsement to your standard homeowner’s insurance policy. It provides coverage for items whose value exceeds the limits of your regular policy, including jewelry. Scheduling your jewelry ensures that it is covered up to its appraised value.
- Appraisals: To add jewelry to your insurance, you’ll likely need a recent appraisal. This appraisal will determine the value of the item, which is crucial for ensuring adequate coverage.
- Additional Benefits: Scheduled jewelry coverage often comes with additional benefits, like coverage for mysterious disappearance (losing an item without knowing how or where) which might not be covered under a standard policy.
How to Add Jewelry to Your Insurance Policy
Contact our team today at 714-968-8008 to discuss adding a scheduled personal property endorsement. Please have your appraisal and any other required documentation. As an independent insurance agent in Fountain Valley, I can guide you through this process, ensuring your new valuables are adequately protected. Receiving a piece of valuable jewelry is exciting, but it also requires you to take a step to protect your new asset. By adding it to your homeowner’s insurance policy, you can enjoy your gift with the peace of mind that it’s protected. Remember, the joy of receiving such a gift should be accompanied by the responsibility of securing it appropriately. As your local insurance expert, I am here to assist you in safeguarding your cherished items.
