Use these tips for insuring your jewelry to keep your valuables safe.
With the holidays just behind us and with Valentine’s Day right around the corner, it’s important to protect your valuables. Whether you’ve received a new watch or have purchased an engagement ring, it’s a popular season for jewelry purchases. Ensure that you have the right coverage to keep your precious items safe. Check out these tips for insuring your jewelry and other valuable items.
Purchase Additional Coverage.
Your homeowners insurance policy gives you coverage to rebuild your home and replace personal items after a disaster. However, there are limits to your coverage. In order to get the coverage that you need, it’s important that you purchase a supplemental policy to increase your valuable item coverage. Before you purchase a policy, find out how much your current policy covers. Then determine the value of your collection, and buy supplemental coverage as necessary.
Take a Home Inventory.
It’s important that you keep a careful record of your valuables so that you know what you have. That way, if you need to replace lost items, you know what you’re missing and how much each item costs. Ensure that you regularly update your home inventory every time you purchase new jewelry.
Keep Track of Value.
Expensive home items such as jewelry and artwork may fluctuate in value over time. As these items appreciate, it’s important to keep track of their value. That way, in the event of a disaster, you won’t have to worry about replacing these items. Get an appraisal for your jewelry and other expensive home items at least every three years, and remember to update your insurance policy accordingly.
Protect your valuables with these tips for insuring jewelry and the right homeowners insurance in Astoria. Contact the professionals at 01 Insurance to find the best personal and commercial insurance in New York.