Scheduled Personal Property Coverage for Holiday Gifts
Today is the day where everyone tries on and plays with their new holiday gifts. Before you get too attached to your new items, it is extremely important that you update your homeowner's insurance policy to account for these new valuables in your home. Many homeowners assume that their new holiday gifts will be covered under their standard homeowners insurance coverage, but unfortunately, this is often not the case.
Each homeowner's insurance policy comes with a set standard of limits. Under your personal property coverage, you will only receive a limited amount of protection for the contents within your home. To combat this issue, you can obtain scheduled personal property coverage. Items worth scheduling include expensive technology, firearms, collectibles, family heirlooms, jewels, and anything else of value. Once you add this vital form of coverage to your homeowner's insurance policy, scheduled items receive coverage at replacement cost value. This is extremely beneficial for homeowners as the standard homeowners insurance policy provides you with actual cash value reimbursement, which calculates the difference minus depreciation.
When it comes to insuring valuables, scheduled personal property coverage is the way to go. Simply obtain an appraisal by a professional organization and submit it to your insurance provider for coverage. Once approved, scheduled items will be covered in the event that they are damaged, misplaced, or stolen. This is a unique perk that comes with this vital form of protection since the standard homeowners insurance policy only provides you with protection if certain perils occur.
Serving Banning, Beaumont, Calimesa, and all of California, contact Little & Sons Insurance Group for all of your homeowner's insurance needs. Allow us to update your policy and add scheduled personal property coverage today so that your new holiday gifts can start receiving unparalleled protection.
