BUSTED
About 35% of your personal property value is located in your kitchen.
This includes all appliances portable or fixtured. If you have replacement cost
coverage (like new) or actual cost value (depreciated) coverage also affects
your coverage level here.
Specific limits (usually $2,500) always apply to
specific items such as jewelry, tools, computers, silver, money/coins, etc. If
you own antiques, valuable art, collections of discontinued items, musical
instruments or heirlooms that are valued over $2500 you should have them
apprised and documented for “scheduled articles” coverage by your insurer.
This
coverage only applies if the loss occurs at home. If you wear it or take it
from home another coverage is required “inland marine” that will allow for
damage, theft or loss. The cost for these are minimal compared to the item
value but knowing it is covered before you have a loss is more important to us.
At GIA LLC we ask these questions so you can make an educated decision to
insure or not!
No comments:
Post a Comment