Homeowners Insurance For Your Valuables

Homeowners insurance doesn't just protect your house. It also protects your property. But if you own some very valuable property, like fine jewelry or artwork, you may have to get more coverage.

Instead of buying another homeowners policy, you can usually add a rider to the one you already have. This will give you the additional coverage you need to protect the valuable property that doesn't fall under you current policy.

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What's Covered By Your Current Policy?

When you review your current homeowners policy with an eye toward protecting your valuables, there are two things to consider.

• How much value is covered
• What circumstances are covered

The first category is straightforward: some of your property is covered, and some of it isn't. Coverage will vary from policy to policy, but most homeowners policies will only cover things like art, antiques, and jewelry up to a certain amount.

The second category is easy to overlook. Your policy might cover the theft of your antique mirror. But what happens if your mirror breaks? It's important to read your policy carefully, so you know exactly what kind of coverage you have.

Getting More Coverage For Your Valuables

How do you go about getting more coverage?

First, take inventory of your property. Include anything of value.

Next, talk with an insurance agent. They'll help compare polices, and point you toward the right one.

Depending on the amount of coverage your need, your insurance company may require a third party to appraise your property.

Finally, make sure you review your coverage any time you add another valuable possession to your collection.

Ready to start talking with agents? Use our free service. Fill out our short online form, and you'll be contacted by agents ready to help you make an educated decision about your homeowners insurance needs.