After you get through admiring that Valentine’s gift from your sweetheart, consider having it appraised to ensure that your homeowners’ insurance will cover its value.
At Soucy Insurance, our agents can assist you with determining if it is necessary to increase your policy coverage or obtain a separate policy. So the agent can make an informed decision, you should have a list of all of your valuable jewelry, toys, electronics and heirlooms.
When it comes to covering such items, consider:
- Insuring any gift with a floater or endorsement if additional coverage is needed.
- Obtaining store receipts or written appraisals and keeping them with your records to ensure proper replacement value.
- Storing valuables in a secure location such as a safe deposit box.
- Keeping an updated video or digital camera inventory of your possessions in your home and in at least one off-site location.
In addition, remember that possessions such as jewelry, art work and collectibles can increase in value so you should check periodically with an agent to ensure you have sufficient coverage. For more information, call Soucy Insurance at 762.2218.
