Scheduled Personal Property
Homeowner’s insurance comes with some personal property coverage built in. But that personal property is only covered for named perils. (Fire, lightening, wind, hail, explosion, riot, smoke, vandalism, theft, falling objects, etc.) Also, insurance companies have limits on how much they will pay for a theft loss of certain things like gun, silverware, gold ware, antiques, and jewelry. Some companies will only pay $1000 for theft of jewelry.
What do you do it you have valuable things that you want to make sure are covered? Schedule that personal property!
Scheduled jewelry can have a $0 deductible and it is covered if a stone pops out or even if you just plain lose the item!
You can also schedule hearing aids, guns, stamps, collectibles, bikes, computers, sports memorabilia, fine arts, antiques and more! Each type of item gets charged a certain rate per hundred dollars of coverage. For example, hearing aids are $1.20 per $100 to cover, so to cover my $4,000 hearing aids that would cost $48/year.
Give us a call if you think you need to schedule some personal property! 952-448-5028