Household Items You Need To Insure
You probably don't think about it until happens. How many assets do you own that are high-value items either in terms of monetary or sentimental value? Your homeowner's insurance doesn't cover everything you own and the items it does cover are only partially insured if they're high-priced items. Here are a few items you should consider insuring beyond your normal policy.
Your homeowner's or renter's insurance policy may already cover your jewelry, but most policies have a limit well below the value of more expensive pieces. First, have the jewelry appraised and then add it to your policy or purchase a separate policy or rider.
What is the purpose of your computer equipment? If it's for personal use, it will already be covered much like your jewelry. If it's for business use, your employer likely has a policy covering the equipment. If you're self-employed, you need a policy that covers your business assets.
If the artwork stays on your wall, insure it with a supplemental policy if your homeowner's or renter's insurance doesn't cover it completely. If the art is ever on public display, purchase a public liability policy to protect the piece from damage.
If you're a mechanic or work in a trade that requires specialty tools, look to your homeowner's or renter's policy for guidance or include the tools in your business insurance coverage if they're stored at your home but primarily used for your business.
No animal lover wants to treat his or her beloved friend as property, but most laws see animals as something you own. Insurances related to pets include health and liability insurance. Did you know that, depending on the breed, your pet may be excluded from your homeowner's policy?
InsuranceUnderstanding what your insurance covers can be confusing. Learn what almost all insurance policies have in common so you're prepared if disaster strikes.
Managing WealthWhat you need to know to keep those baubles, bangles and beads safe.
InsuranceEverything new homeowners need to know about insurance to protect their residence.
InsuranceThese different types of insurance coverage can be beneficial, but they're often overlooked and misunderstood.
InsuranceIf it's time for you to leave the nest, find out how to protect your new home from disaster.
Managing WealthHomeowners insurance only covers so much - find out how to make sure your jewelry is covered for theft, loss and damage.
InsuranceWhen insurance companies go bankrupt or face financial difficulty, it's bad news for policy holders.
InsuranceDiscover everything new homeowners need to know before they sign on the dotted line.
InsuranceLearn how much - if any - insurance you really need.
InsuranceLearn how to read one of the most important documents you own.