Although no one expects their home to be burglarized, it is still a very real threat for our neighbors. On average, there are over 17,000 burglaries every year in Massachusetts. Would you be prepared to cover replacing all of your valuable belongings in the event they were stolen from your home? Keep reading to learn our 3 must-dos to protect your most valued possessions.
1. Have valuable items in question appraised
Do you remember that beautiful lamp that was passed down to you from your grandmother? Or your great grandfather’s watch that was gifted to you for a birthday?
Family heirlooms or irreplaceable antiques and artwork may be worth a lot more than you think.
To help you decide whether or not you should add an increased means of protection on these items, it is helpful to have them appraised — in some cases this may be the only way to truly find the value of your items.
2. Talk to your insurance agent
Who do you think is the most knowledgeable person to talk to about what items you should insure with a Valuable Possessions insurance policy? You guessed it! Your independent insurance agent — the person who you trust and whose job it is to monitor your homeowners policy.
Through Cushman specifically, it’s very easy to add valuables protection to your homeowners policy. Our agents will walk you through the process of having your items appraised and help you to complete a home inventory checklist. Simply give us a call and we’ll be happy to help.
3. Add an endorsement to your homeowners policy
Many homeowners policies generally have about $1,000 - $1,500 of coverage for your jewelry in the event it is lost due to theft. However, if jewelry valued above that limit is stolen from your home, you may only receive the $1,000 - $1,500 from your insurer to replace the missing items.
That is when a Valuable Possessions endorsement can provide increased protection over your valued possessions. By adding a bit to your homeowners policy premium, you can extend the protection to cover the loss of all of the valuable items you cherish, such as jewelry, furs, antiques, artwork and collectibles.
Whether you have a new home insurance policy or are looking to re-evaluate your policy after several years, it’s worth discussing how to protect your valuables with a Cushman agent. #ProTip: understanding your policy’s limits and exclusions will help you make this decision easier. Give us a call so we can help you live more and worry less: 508-586-5310.