Valuable Items Coverage Will Provide Extra Protection For Your Assets
Investing in the right homeowners insurance policy is the best way to protect your home and your assets. However, if you have any valuable items, your typical homeowners insurance may not provide enough coverage. Choosing the right valuable item coverage to add onto your homeowner’s insurance policy can help to ensure that all of your valuable items will be protected from any unfortunate situation.
Homeowner’s insurance policies have a limit on the amount that it will cover. If you have any valuable items, such as fine art or jewelry, the cost to repair or replace the item may exceed the limits of your homeowners insurance. There are two options that are available to ensure that your valuable items are protected. The first is to add on a valuable items endorsement to your existing homeowners insurance policy. The second option is to invest in a separate valuable items policy, which will provide more coverage for more expensive items.
Once you invest in the right policy, the “blanket” coverage that is provided will automatically protect any smaller valuable items. However, for items that have a higher value, you will want to “schedule” them. Scheduling is simply creating a list of items, including a detailed description and the appraised value. Depending on the value of the item, you may also be required to provide a copy of the current appraisal that has been conducted in the last three years. Taking a picture of each item in your schedule can also help to ensure that you will be reimbursed for all of your belongings if they are destroyed.
For all of your homeowner’s insurance and valuable item protection needs and to ensure that all of your belongings are properly protected, contact the insurance professionals at Aimpro Insurance in Phoenix, Arizona.