If you own expensive jewelry, you’ll need to ensure your homeowners insurance in Hudson protects them.
If you possess valuable items, you need to make sure that you have the right protection that’s up to the job. This can be done by adding your valuable possessions to your existing homeowners insurance in Hudson or buying specific jewelry cover. To insure your jewelry correctly, here’s what you need to know.
Your Policy May Not Be Enough
You buy homeowners insurance to protect your possessions, as well as your home’s structure. While this coverage does provide protection to your items, every policy has its limits. As policies vary widely, you will need to get one that offers adequate cover, particularly if you have a lot of valuable items. Otherwise, you could end up out of pocket in the event of a claim.
You Should Buy Insurance As Soon As Possible
As soon as you buy your new watch, expensive necklace, or flashy earrings, you need to get it insured. Homes get robbed around gift-giving holidays, presents get lost in shipping, and shopping bags get misplaced. Contact your insurance company right away so that your new purchase is protected!
Get It Appraised
Believe it or not, but your sales receipt is not an appraisal. It only shows what you paid. Whether you paid a higher-than-average price or got a great deal, your insurance replacement will be based on the current retail market cost to restore or replace the item. Therefore, if you have an antique piece of jewelry hiding in the loft, it’s time to get it appraised.
Now that you know how to insure your jewelry correctly, it’s time to call the professionals at Lofgren Agency. Our team can help you accurately secure the right homeowners insurance in Hudson and beyond. Visit us today to get started.