Ensuring you have enough homeowner’s insurance is essential if you want to be protected in the event your home is damaged. However, it’s important to consider the items that are inside the property as well. It’s not enough to simply have enough to rebuild the structure, consider how much it will cost to replace the items that could be lost, damaged, or even stolen. Jewelry is one item homeowners often overlook, and this could leave them deeply disappointed if they must ever file a claim. Continue reading for the top tips for determining if you need Jewelry Insurance in Monroe MI.
Study your Policy
Whether you have homeowner’s insurance or renter’s insurance, it’s important to know what is covered. Your policy likely covers items within the dwelling for a certain amount, and this amount includes the jewelry that you own. However, you have to see how much the maximum payout is for these items. This is the first step in seeing if you need Jewelry Insurance in Monroe MI.
Determine the Value of Your Jewelry
Once you know the value of the jewelry, ensure that it’s not more than your policy covers. If you determine your jewelry is worth $10.000.00 and your policy covers up to 3,000.00, you would obviously need additional coverage. If you determine you do, in fact, need additional coverage, it’s time to update your policy.
Stay On Top of Your Policy Updates
Often, a person forgets to contact their insurance agent when they get a new piece of jewelry. It may not even enter their mind to do so. For example, if you were to become engaged and get an expensive engagement ring, it’s important to contact your agent to make them aware of this. It may require that you to increase the jewelry coverage that you have.
If you do decide you need jewelry insurance, don’t worry. It’s inexpensive and easy to get. Just Visit Us for help in adding additional coverage to your policy. If you don’t have a policy, the insurer can set one up for you. While people hope they never have to use their insurance, it’s comforting to know it is there in the event that something unexpected happens.
