Your existing home insurance policy may not provide enough coverage for your valuable items.
Your existing home insurance policy will provide coverage for your personal belongings that you keep in your house. However, if your home boasts expensive possessions, such as a diamond necklace or piece of artwork, your homeowners insurance may not be able to protect you as you thought.
Home insurance policies have specific limits for the amount of protection they will provide for personal belongings. Typically, the coverage will not be enough for valuables that you have. Luckily, there are different options to ensure that everything you own is protected from any peril you may encounter.
The first option is to increase the limits of your personal property coverage within your policy. Keep in mind that increasing the personal property limits of your policy will mean paying higher premiums. When you increase your limits, you will get more protection for everything that you own, not just for your valuables.
The second, and usually better, option to protect your valuables is to schedule them within your home insurance policy. When you schedule an item, you are getting specific coverage for that single item. With most homeowners insurance policies, you will be able to get higher limits for scheduled items than you would be able to get if you simply increase your overall coverage. As an added bonus, when you schedule an item, it will have the protection that is not provided by your existing policy, such as coverage for mysterious disappearance.
Working with your insurance agent can help you decide which option will work best for your specific needs. For all of your homeowners insurance needs to ensure that you have the right amount of coverage for valuables, contact the independent insurance professionals at Lou Aggetta Insurance Services in Pleasant Hill. We will work with you to make sure that you have the right amount of protection, all at the right price to fit your budget.