Not all household items are covered by your homeowner’s insurance, and even the items that are covered may only be covered in part. Everyone owns some higher priced items as well as sentimental pieces that are priceless and cannot be replaced. Here are a few items that may not be covered fully by your standard homeowners or rental insurance. Many renters and homeowners do not think about these things until it is too late.
The household items we believe you should insure
- Computer Equipment – If your laptop, desktop, monitor, or printers are work related discuss with your employer to make sure that your employers insurance will cover you in case of theft. Keep a detailed list with assigned value to each item so you can determine if a supplemental policy is needed in case your home or renters insurance will not cover your equipment fully.
- Jewelry – Like other high priced items, jewelry is naturally meaningful, but may not be covered fully, if at all. Create a detailed record of what you own and its value to discuss with your homeowners insurance provider to determine if a supplemental policy is needed.
- Artwork – If your artwork is simply displayed on the walls of your home, a supplemental policy is worth looking into if your home or renters insurance does not completely cover the worth of your art. The first step is to speak to an expert appraiser and have a discussion with your homeowners or rental insurance provider before seeking outside coverage.
- Specialty Tools – Determine if your speciality tools and equipment are for personal or professional use. If your tools are for personal use, their complete value may not be covered by your home and/or rental insurance. If your tools are for professional use in your business, always keep a detailed inventory to determine value and check with your business insurance.
- Pets – Depending on the breed, your pet may be excluded from your homeowners or rental insurance policy. The last thing anyone wants is for the family pet to bite someone and be caught off guard. It always better to have this discussion with a professional before you’re caught off guard.
Do not wait until it is too late! Call your homeowners or rental insurance today to understand what items may or may not be fully covered.
