Home insurance provides important protection for your house and belongings, but when it comes to high-value items like jewelry, fine art, or collectibles, coverage can be more limited than many homeowners realize. It’s important to understand how your policy protects these valuables to ensure you’re not left underinsured if something unexpected happens. For proper home insurance coverage, rely on Melvin Gessner Insurance Agency, serving Willis, TX.
Standard Coverage Limits
Most homeowners insurance policies include personal property coverage, which protects your belongings from risks such as theft, fires, and certain types of water damage. However, these policies often place limits on high-value items. For example, jewelry or artwork may only be covered up to a few thousand dollars, which is far less than their actual worth. If a loss exceeds that limit, you would be responsible for the remaining value.
Adding Scheduled Coverage
To fully protect valuable possessions, consider adding a scheduled personal property endorsement, sometimes called a rider. This additional coverage allows you to specifically list each valuable item and insure it for its appraised amount. Scheduling your valuables ensures full protection for risks like loss, theft, or damage that might not be covered under a standard policy.
Why It Matters
Without proper coverage, a single event, like a burglary or accidental damage, could result in significant financial loss. Having detailed appraisals and photos of your valuables also helps streamline the claims process if something goes wrong.
Protecting Your Valuables
Your Willis, TX, home is filled with more than just furniture and fixtures; it houses items with personal and financial value. Call Melvin Gessner Insurance Agency to review your home insurance policy and learn how to properly protect your jewelry, art, and other possessions with the right coverage.
