Take Inventory of Your Valuables

January 3, 2013 at 9:12 AM | Posted in Home, Insurance Policy, Personal Insurance, Personal Property | Leave a comment
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It is a fresh start to a New Year!

One resolution everyone should make, and keep, is to take an inventory of the items in your home after the hustle and bustle of the holidays. If you already have one, make sure you update it with any new items you may have purchased or received.

You can sign up for free inventory software from the Insurance Information Institute at www.knowyourstuff.org.

Don’t forget to advise us of any new items you may want to schedule on your homeowners, condo, or renters policy such as jewelry, golf clubs, musical instruments, etc…

Tenant Insurance – Protect Your Personal Property

September 26, 2012 at 9:42 AM | Posted in Home, Identity Theft, Insurance Policy, Personal Insurance, Personal Property, Renters, Specialty Policy | Leave a comment
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When you rent, as a tenant your personal possessions are your most valuable assets. Without Tenant’s Insurance your valuables are not covered for repairs or replacement in the event of a loss such as fire or theft. Most people don’t realize that a landlord’s insurance policy does not provide coverage for a tenant’s personal property.

For a minimal premium, a basic Tenant Insurance policy provides the following coverage:

  • Furniture, clothing, appliances, and many other personal items are covered on an actual cash value basis (at the depreciated value).
  • Personal property is covered while you are traveling.
  • Additional living expenses are covered when you have to temporarily relocate during repairs.
  • Necessary improvements to the rental unit may be covered.
  • Personal Liability Coverage provides protection for you and your family against bodily injury or property damage claims brought against you. The company will defend you against all liability suits, even when they are false or groundless.
  • Medical Payments to Others pays non-household members that are unintentionally injured by you, a family member, or a pet on your property.

For an additional premium, there is optional coverage you can add to your Tenant Insurance policy. These include, but are not limited to, the following endorsements:

  • Contents Replacement Cost – allows you to repair or replace most items with no reduction for depreciation.
  • Scheduled Items – provides broader coverage for special property such as jewelry, furs, silverware, fine arts, cameras, guns, and musical instruments, etc.
  • Identity Theft Coverage.
  • Earthquake Coverage.

After a loss, the task of starting over can be devastating. Remember to document your valuables, keeping receipts, photos, or videos in a safe and secure location. By purchasing Tenant Insurance, you can be sure that you are protected – before it’s too late.

Are Your Holiday Gifts Protected?

January 4, 2012 at 9:09 AM | Posted in Home, Insurance Policy, Personal Insurance, Personal Property | Leave a comment
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Scheduling items such as jewelry, furs, and fine arts will insure them for the full replacement cost, regardless of the reason for the loss. There are two ways to list these items on your policy:

  1. Blanket Coverage – Items are placed in a category with a total dollar amount, which usually does not require an appraisal; or
  2. Individual Coverage – Schedule each item separately using the appraised value.

No deductible applies to either method.

We recommend having your valuables appraised on an annual basis to ensure they are properly covered.

Call us at 1-888-850-9400. We will be happy to help you determine the best method to protect these valuable items.

Personal Property…is it covered?

February 18, 2011 at 11:10 AM | Posted in Home | Leave a comment
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While your homeowner’s policy provides excellent coverage, some of your most precious items may have limited coverage.  Valuable items such as diamond rings, silver, and fine arts can take a week’s, month’s or year’s worth of income to purchase, but only a few seconds to be lost due to theft, natural disaster, or other unforeseen events.

A Scheduled Personal Property Endorsement can help.  There are many benefits to this endorsement including:

  • No deductible
  • Coverage provided for mysterious disappearances and breakage
  • Standard homeowner policies cap coverages in these classes

It’s quick and easy to add this endorsement and provides protection for the following types of items:

  • Jewelry – including engagement rings and watches (in and out of the vault)
  • Fine Arts
  • Silverware – including silver plated, gold plated, or pewterware
  • Furs and fur garments
  • Coins – including rare and current
  • Stamps and Stamp Collections
  • Limited Editions – including figurines, books, dolls, plates, antiques, and photographs
  • Hobby Collections – including trading cards, comic books, etc.
  • Musical Instruments
  • Cameras
  • Sports Equipment – i.e. golf clubs
  • Firearms 

If you are not sure what’s worth covering, or how much coverage you need, give us a call at 888-850-9400.  We can help you determine what coverage provides you with the best value.

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