Adding holiday gifts to your home inventory.
Now that the holidays have officially ended, it’s time to review your home inventory. But why should you tackle this tedious task now? Well, by adding the gifts you received to your inventory, you can verify that your home insurance policy is offering an adequate amount of personal property coverage. Here are some of the holiday gifts that you need to add to your inventory.
Your home insurance policy likely offers set coverage limits for different categories of items. Because electronics are worth so much money, the value of your smartphones, tablets, laptops, computers, game consoles, televisions, and so on can add up very quickly. If you have received new electronics this holiday season, then you may not have enough coverage for them under your current home insurance policy. To secure protection for your new devices, you should adjust your coverage limits or consider securing a supplemental personal property policy.
Most home insurance policies have strict coverage limits for jewelry, and appraisals are often required to receive coverage. As such, when you are updating your home inventory, you should make sure to take any new jewelry to an appraiser to get an official report of the piece’s value. You can then submit the appraiser’s report to your insurance provider, so the new jewelry is added to your home insurance policy. Failing to take this step could leave you unprotected if your new jewelry is lost, stolen, or damaged.
If you received holiday gifts that fell into either of these categories, then make sure you add them to your home inventory right away. Do you have questions about your home inventory or homeowners insurance coverage? If so, then contact the experts at Duane Weber Insurance, Inc. in Kent, Washington. Our dedicated team is eager to assist you today.