The holiday season is upon us, which means it's time for family, friends, good food, and lots of gift-giving. While this year's celebrations may look a little different, there are still presents to be exchanged and fond memories to be made. Make sure that, despite 2020's shortcomings, this year's holiday is not one to forget. Forgetting to insure your new purchases could mean a significant financial loss if something were to go wrong. Find out how your homeowners insurance in Banning, CA can help protect your holiday gifts this year.   Why do you need insurance for new gifts? The holiday season is a financial disaster recipe: new and uninsured gifts of high value and higher instances of theft. Thieves make the most of the festive season by raiding houses and taking valuable gifts from underneath the tree, locked in cars, and left on doorsteps. Without insuring these high-ticket items, you cannot turn to your insurance policy for help replacing these belongings. That means you're out of pocket and have to replace it yourself in order to please your beloved family or friend.   ­What gifts need insurance? Any gifts or purchases with a high value attached need insurance. If that expensive item were damaged, lost, or stolen, how much would it cost to replace it? If the cost to replace the item would further impact your wallet, it's well worth getting insurance.   How can I protect my holiday gifts?

• Contact your insurer immediately - Let your insurance agent know that you are now in possession of a new piece of jewelry, electrical item, musical instrument, or whatever it is you bought. Be sure to talk about your current home insurance coverage and limitations.
• Understand your coverage options - If you bought a high-value item, you may find that you need to take out a rider to properly protect it. That means you need more coverage. You can get a blanket rider that is added on to your policy to provide extra coverage for your valuable items. You could choose to schedule your items instead, which is where you take out coverage for one specific item, such as luxury jewelry or a new electrical item.
• Remind your friends - Share this article with your friends and family to remind them to get gift coverage. You don't want to give your loved ones an expensive gift only for something to happen to it and they're not covered to replace it.

  Affordable home insurance doesn't have to be hard to find. These tips can help you protect your holiday belongings without breaking the bank. Talk to your home insurance agent today to learn more about protecting your gifts over the festive season and beyond. For all of your homeowners insurance needs, talk to the professionals at Little & Sons Insurance Services, serving Banning and neighboring cities in California.