Over the past few weeks I had several customers call the office to ask about insuring big gifts they’d gotten for their loved ones over the holiday season and especially with Valentine’s Day just past.
This time of year is very busy for me as many of my customers have made big purchases or received new gifts and need help making sure they are fully covered.
I want to share a little information with you about protecting your special gifts (keep this in mind for birthdays as well!) There’s a chance you may have made a gift purchase so I want to give you some info you need to know about protecting your present.
Homeowners and renters insurance policies include coverage for personal items such as jewelry, a very popular Valentine’s Day gift. However, policies do limit the dollar amount for theft of valuable personal possessions, like jewelry.
Homeowners and renters insurance policies include coverage for personal items, but to be fully informed about the specific coverage of your policy, contact us any time.
Here are some things you need to know when making a big holiday purchase, such as expensive electronics, jewelry, and more:
- Contact us immediately - Let our office know as soon as you invest in your expensive gift. To properly insure gifts, consider purchasing additional coverage.
- Keep a copy of the store receipt - You will need to forward a copy of the receipt to us so that we know the current retail value of the item. Keep a copy for yourself and include it in your home inventory.
- Add the item to your home inventory - Everyone should have an up-to-date inventory of their personal possessions. Be sure you are updating your home inventory as you make big purchases so that you are fully protected.
Make sure that your gift is properly protected before you give... Call our office at any time to make sure you are fully covered!