A shiny piece of jewelry is the perfect addition to any outfit. Along with keeping the pieces looking their best, it is also important to make sure that all of your jewelry is protected with the right insurance. Many people who report losing a piece of jewelry report not replacing it due to the cost.
While your existing homeowners insurance policy will provide some protection for your valuables, it is probably not enough. There are limits on the amount of personal property protection that is provided by homeowners insurance policies, which may not be enough if you have any valuable jewelry.
There are two main ways that you can properly protect any valuables that you have, including your jewelry. The first choice is to increase the personal protection coverage within your homeowners insurance policy. Keep in mind that increasing your personal property coverage will not provide increased protection for a specific valuable, and will only increase coverage for all of your belongings.
The second choice is to schedule your valuables within your home insurance policy. Scheduled items will have extra protection that goes beyond the coverage provided by your home insurance. In order to schedule items, most insurance companies will require that you provide proof of the value of an item, either by providing the receipt or getting it appraised. Scheduling items will provide extra coverage that goes beyond your homeowners insurance policy, such as providing protection for mysterious coverage or if one of the jewels fall out of a piece of jewelry.
For all of your homeowners insurance coverage needs to ensure that you have the right amount of protection for all of your assets, contact the insurance professionals at North Central Insurance in Elk River, Minnesota. As an independent agency, we will work with you to ensure that you have the right amount of coverage, all for the right price.