One of the most important factors to consider when you are buying a new home is the purchase of a new home insurance policy. While a home insurance policy will be able to provide you with coverage for your property if it is damaged, it can also provide you with coverage for your personal belongings. However, the coverage that you have for some expensive items including jewelry, art, and expensive electronics may not be covered by your base policy. There are several factors that should be considered when determining whether or not your expensive personal items are covered by your home insurance policy.
Base Coverage Policy
The first factor to consider when determining if your personal items are covered by your insurance policy is what your base coverage policy is. Your base home insurance policy will provide you with a fixed amount of coverage for all of your personal items. This amount of coverage is typically around $10,000 or less, which means some more expensive items may not be covered.
Rider to Policy
If your expensive personal items are not covered by the standard policy limit, the next factor to consider is whether or not you have a rider to your policy. A rider to your home insurance policy will provide you with coverage for a specific item. Having a rider will provide coverage for theft, loss, or damage to the item.
If you have expensive personal items that you want to have insured, contacting Schaller & Thomas Family Insurance would be a good place to start. Schaller & Thomas Family Insurance can provide those in the Peoria, AZ area a full understanding of their home insurance needs to make sure their jewelry, art, and other expensive belongings are covered by either the full policy or a rider.