You may think that your Jackson, MS homeowners insurance policy will provide coverage for all your valuables in the event of a theft or home damage, but most basic policies only provide limited coverage – and possibly no coverage – for specific items that are damaged or stolen, including typically expensive possessions.
For example, your homeowner’s policy may have a $1,000 to $1,500 amount of coverage for art or jewelry if the loss is due to theft. But if items valued at more than $2,000 are stolen from your home, you’ll only receive $500 to $1,000 from your policy to replace the stolen items.
What Is An Insurance Rider?
An insurance rider also called an insurance endorsement, can provide increased coverage to protect your valuable possessions. For an additional premium, this endorsement can offer you increased protection from theft or damage to high-end valuables like antiques, jewelry, computers, electronic equipment, collectibles, and artwork.
Have Your Valuables Appraised
Your possessions may be worth more than you think. To help you determine whether you need additional coverage, talk to your Newman Insurance Agency representative about coverage and consider having your valuables appraised. An appraisal will help you determine whether or not your current Jackson, MS homeowners insurance policy will cover the full value of your property.
Create a Home Inventory
In addition to having specific valuables appraised, it’s smart to take stock of your possessions by creating a home inventory. Take photographs of all your valuable properties, make a list of all items of value, and keep all your receipts and appraisals in a safe location – away from your home.
Safeguard Your Personal Valuables
If you have valuable items in your home, you need to ensure your homeowner’s insurance policy covers them in the event of a loss. Call your Newman Insurance Agency representative today to find out if your irreplaceable valuables are covered by your current homeowner’s insurance policy.