Make sure the holiday gifts you receive are protected with insurance!
With the holiday season in full swing, you’re likely bringing gifts home. As you make space for them in your house, it’s important that you think about protecting your new items. Here’s what you need to know about insuring holiday gifts.
When you receive a gift, it’s a sign that the person who gave it to you really cares! You’ll want to show the same level of care for your gift, and you can – if you think about your insurance coverage. There’s a chance that your valuable gift is worth more than your homeowner’s insurance policy limits will fully cover. That doesn’t mean you have to get a separate policy for it, but it does mean you should talk to your agent.
He or she will be able to work with you to get the gift appraised and schedule it into your homeowners insurance policy. When items are scheduled in, they’re insured for their full value against a wider variety of risks.
In short, scheduling your jewelry, electronics, musical instruments, art, and other high-value gifts is the best way to protect them.