Planning On Giving an Expensive Gift This Season? Be Sure to Have It Insured With These 3 Tips
If you’re planning to buy expensive and valuable gifts this festive season you need to think carefully about protecting them while they are in your home. Insuring the presents will mean you have peace of mind as you know your valuable gifts are covered, in the event of loss or damage.
Insuring Expensive Gifts
Insuring your expensive gifts is not difficult and may only involve a quick telephone call to your insurance agency, but it should be high on your priority list of things to do just as soon as you take delivery of the present.
No matter whether the expensive gift you have bought is a work of art, antique treasure or modern TV or sound equipment, the moment it arrives within your home it becomes your property. Follow these three simple tips to ensure your valuable items are covered while they are in your possession:
- You may consider your gifts are covered by homeowners’ or renters’ insurance policies but just take time to call your insurance agency to check on whether or not this is really the case. You may be surprised to learn that your items are only covered up to a maximum value of $1,000 or $2,000.
- Arrange extra coverage from your insurer for the item while it is in your possession. Thieves love the run up to the festive season because household pickings can be so lucrative, ensure your valuable gifts are protected by valid insurance cover from the moment they arrive in the home.
- Pass on the information gained from your insurer to the gift’s recipient so the item is fully covered no matter where its eventual home happens to be.