5 Household Items You Should Insure

AAA

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.

Jewelry

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.

Computer Equipment

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.

Artwork

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.

Specialty Tools

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.

Pets

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?
Related Articles
  1. Personal Finance

    The Best Way to Insure Your Jewelry

    What you need to know to keep those baubles, bangles and beads safe.
  2. Investing

    Insurance 101 For Renters

    If it's time for you to leave the nest, find out how to protect your new home from disaster.
  3. Personal Finance

    Making Sure Your Jewelry Is Insured

    Homeowners insurance only covers so much - find out how to make sure your jewelry is covered for theft, loss and damage.
  4. Personal Finance

    What Happens If Your Insurance Company Goes Bankrupt?

    When insurance companies go bankrupt or face financial difficulty, it's bad news for policy holders.
  5. Personal Finance

    Insurance Tips For Homeowners

    Use these simple ideas to save money and get better coverage for your house.
  6. Personal Finance

    How Much Life Insurance Should You Carry?

    Learn how much - if any - insurance you really need.
  7. Personal Finance

    The Beginner's Guide To Homeowners' Insurance

    Discover everything new homeowners need to know before they sign on the dotted line.
  8. Personal Finance

    Understanding Your Insurance Contract

    Learn how to read one of the most important documents you own.
  9. Personal Finance

    5 Reasons You Should Check on Your Insurance

    Insurance gives you peace of mind, but you don't have to overpay for it. Rates change and discounts get added, which is why shopping around is important.
  10. Personal Finance

    Exploring Advanced Insurance Contract Fundamentals

    Understanding your contract can help you protect our family's financial security.
Hot Definitions
  1. Cyclical Stock

    An equity security whose price is affected by ups and downs in the overall economy. Cyclical stocks typically relate to companies ...
  2. Front Running

    The unethical practice of a broker trading an equity based on information from the analyst department before his or her clients ...
  3. After-Hours Trading - AHT

    Trading after regular trading hours on the major exchanges. The increasing popularity of electronic communication networks ...
  4. Omnibus Account

    An account between two futures merchants (brokers). It involves the transaction of individual accounts which are combined ...
  5. Weighted Average Life - WAL

    The average number of years for which each dollar of unpaid principal on a loan or mortgage remains outstanding. Once calculated, ...
  6. Real Rate Of Return

    The annual percentage return realized on an investment, which is adjusted for changes in prices due to inflation or other ...
Trading Center