Many people with homeowner’s insurance just assume all the valuables in their home are 100% covered. However, many times this is not the case. Most insurance companies set limits on the coverage of household items, like jewelry or high-price electronics. For example, your policy may cover a single piece of jewelry that's worth up to $1,000. If you own an $100 item that is damaged and needs to be replaced, you're in good shape. However, if you have a valuable item worth above $1000, or several items whose added value tops the coverage, you might be left out in the open.
Fortunately, if you wish to cover your most valuable items, Scheduled Personal Property coverage can be the answer. You simply make a list of your most precious items, insure them for their value and they will be protected from any unpredictable scenario. Your items will be protected for whatever is to come, be it vandalism, burglary or home damage.
Needless to say, if you own high-value items, you should consider adding Scheduled Personal Property coverage to your homeowner’s policy. Contact your Darr Schackow agent to find the limits of your current policy, and we’ll let you know what your best options are for protecting your valuables.