The cost of your grandmother’s pearl necklace passed down to you is $10,000.  Your baseball card collection is worth $5,000.  Protection for these items…PRICELESS!  During your lifetime, you will obtain some pretty valuable possessions that mean the world to you and would be devastated if they were lost, stolen, or damaged. Will your standard homeowner’s policy reimburse you for the FULL value of your valuables?  PROBABLY NOT!  Find out how to insure your valuables under your NC homeowner’s policy so that all of your personal possessions are adequately protected.

Don’t Limit Your Valuables

Your standard NHow to insure your valuablesorth Carolina homeowner’s policy has specific limits on your jewelry and valuables, for covered losses, typically in the amount of $1500, so if your grandmother’s heirloom pearl necklace is stolen, you will only be reimbursed for this amount BEFORE your deductible.

If this necklace has a value of $10,000, you will be significantly underinsured if your claim payment is only $1500 less your deductible under your N.C. homeowner’s policy. Not only will you be devastated, but also you will not be able to replace it with that amount of money.

How to Protect Your Personal Possessions

Making sure your valuables are adequately insured is a valuable tool that your N.C. independent agent can assist you with at any time!  Below are some valuable tips to follow to ensure proper coverage for ALL of your valuable personal property:

  • Take inventory of your personal possessions. (Ex: take pictures, write down, and note value)
  • Get an appraisal from a qualified professional, but keep in mind the value may change as years pass, so make sure you update it as needed.
  • Schedule your personal property for protection.

You now have tips on documenting your personal possessions, but now what?

TALK TO YOUR N.C. INDEPENDENT AGENT! 

Your independent agent who insures your home can sit down with you to schedule all of your valuables under an endorsement for a small fee!  Also, in most cases, there is no deductible under this type of endorsement.  This will make sure that you are adequately protected, should you suffer a covered loss.

Your North Carolina independent agent can review all of your inventory and appraisals to establish a scheduled personal property endorsement that is specifically created for you to properly insure your valuables, whether it is baseball cards, pearl necklaces, or those items that you deem priceless! Call us TODAY at 866-869-3335 so we can guarantee the protection that is priceless!

 

 

 

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