While your standard homeowners’ insurance policy will provide your personal items with protection, you may need additional coverage in order to receive guaranteed protection. Many homeowners fail to realize the importance of scheduling their most valuable items to ensure protection. The broad and limited coverage of your standard homeowners’ insurance policy will likely not extend to your more expensive items. By scheduling your most important items, you provide them with guaranteed coverage and protection.
In order to schedule your items, you will need to first obtain an appraisal of each item. Once you submit the professional’s appraisal to your insurance provider, you will need to wait for approval. Once approved, you will receive guaranteed protection.
Items that should be scheduled include fine furs, jewelry, fire arms, family heirlooms, collectibles, etc. When it comes to insuring your jewelry and other important items, you ensure that you will receive full value reimbursement for any lost, stolen, or damaged items. Without scheduled property insurance, you only receive reimbursement for the depreciated value, and that is if you have physical evidence of the item, such as a photograph.
When you choose to have your valuable items scheduled, you become exempt from a deductible. Since you will be paying more on your homeowners’ insurance policy, they eliminate the deductible for lost, stolen, and damaged items.
One of the most surprising benefits of scheduling your items is that you receive coverage even for mysterious disappearances. This means that you can lose a family heirloom and still receive reimbursement.
Failure to schedule your valuable items will leave you vulnerable and in regret after a devastating disaster. You insure your car which is likely of less value to you than your family heirlooms or collectible art pieces, so why not schedule your items?
Contact Medwin Insurance Agency for all of your California insurance needs. Your most valuable items deserve security, and we can help provide you with guaranteed protection.