Are Your Valentine’s Day Gifts Protected?

Insurance for Your Valuables

If you are planning on giving your special someone something extra sparkly this Valentine’s Day, there is a lot more to consider than just the size of the rock. You also need to take the time to ensure that your gift is properly protected with the right insurance policy.

While your existing homeowners insurance policy will provide coverage for your personal assets, there is a limit to the dollar amount that will be covered. If you are planning on surprising your loved one with an expensive piece of jewelry, your home insurance policy will not provide enough coverage.

The best way to ensure that any expensive jewelry is protected with your homeowners’ insurance policy is to schedule the jewelry within your policy. When you schedule your assets, you need to provide your insurance provider with the value of the item. If you still have the receipt for the item, it can be used to determine the value. However, if you no longer have the receipt, you will have to get the item appraised so that your insurance provider will know how much insurance protection to provide.

Scheduling your jewelry will also provide added benefits that are not provided by the coverage that comes with your homeowner’s insurance policy. Scheduled items will also be protected in case of mysterious disappearance or if one of the jewels falls out of the piece. As an added benefit, your deductible will not come into play if you ever have to make a claim for a scheduled item.

For all of your insurance needs and to ensure that all of your valuables have the right amount of coverage, contact the insurance professionals at All Nevada Insurance in Las Vegas, Nevada. As an independent insurance company, we will work with you to ensure that you have the right amount of coverage, all at the right price.