While your home is full of your personal property, chances are that you have some items that are more valuable than others. From a valuable piece of art from a mid-century painter, to a sparkling ring that is a symbol of your significant other's love, making sure that each item in your home is properly protected will help to ensure that you and your assets stay safe.
While your homeowner's insurance policy will provide some coverage for your personal property, it may not be enough. The personal property coverage that is provided by your home insurance policy has a specific dollar limit that it will cover. If you have any valuable items, from jewelry to electronics, they may not be covered by your existing homeowners insurance policy.
There are two main options when it comes to protection for your valuables. The first is to invest in a floater that is added onto your homeowner's insurance policy. The floater will provide extra coverage that goes beyond the typical coverage that is provided by your home insurance policy.
The second option is to schedule your items within your home insurance policy. Scheduling items will provide additional coverage to ensure that you are protected for the full value of the item. Most insurance companies will require proof of the value of the item, either by providing the receipt or by getting the item appraised before they schedule it. Scheduling items will also provide additional coverage that is not provided by another insurance coverage, such as protection against mysterious disappearance.
For all your insurance needs and to ensure that all of your assets are properly protected in case of any disaster, contact the insurance experts at Club Agency in Garden City, New York. As an independent insurance agency, we will work with you to ensure that you have the right amount of protection, all at the right price.