Standard homeowners insurance policies have limits on the amount of money paid for loss of contents. Jewelry is the most common loss on insurance claims. Following Valentine's Day, those beautiful rings, necklaces and bracelets must be added to the insurance coverage.
1. Contact the insurance agent - A coverage rider can be added to the homeowners insurance policy for must less than increasing the contents limit. Experienced insurance agents know the best approach for each situation.
2. Have the receipt handy - A copy of the store receipt should be provided to the insurance company through the recommended method. Replacement value insurance is required for all valuable pieces of jewelry.
3. Appraise the heirloom piece - Family heirlooms are valuable and should be professionally appraised. A copy of the appraisal must be provided to the insurance company. Replacement of an heirloom piece is more difficult without hiring a custom jeweler to create a replica.
4. Take pictures for the home inventory - Photographs of the new jewelry must be added to the home inventory. This final step will remind you of the exact appearance if the unthinkable happens.
For more information about property insurance in California, contact Little and Sons Insurance in Beaumont, to get a quote today!
