It is the time of year for gift giving and celebrating. Unfortunately, this is also the season for accidents, fires, and theft. This holiday, give yourself the gift of protection by making sure that you have the coverage you need for your luxury items.
Expensive jewelry, collectibles, art, or antiques are amazing presents, but they often require additional insurance. Oklahoma homeowners insurance usually has limits on personal items to prevent policies from skyrocketing. Jewelry, for example, typically has a $1,000 to $1,500 coverage limit. This is the most you will be awarded for your jewelry should you need to make a claim. Fortunately, there are steps you can take to protect your valuables.
- Make a list - Begin by taking stock of the items in your home. List expensive items such as electronics, collectibles, jewelry, etc. Your inventory should include pictures, so you have a clear record of everything.
- Get an appraisal - You probably have an idea about how much your possessions cost. Still, you should get an appraisal, so you have proof of their worth for an insurance claim. Some items may have increased in value. Even if you had an assessment in the past, it is a good idea to have reappraisals every few years for an accurate estimate.
- Check your insurance - After you know what you have and what it is worth, review your Oklahoma homeowners insurance policy. Find out what is and is not covered and what the limits are.
If you need supplemental insurance, such as scheduled personal property, contact your trusted Oklahoma insurance agent today.