Scheduled Personal Property Coverage
Valentineâ's Day has come and gone which means you and your honey are likely still showing off your new jewels in excitement. As you boast about the amazing new gift you received, it is important that you consider the insurance implications of your shiny new piece. While you may be inclined to assume that it is protected no matter what, the standard homeowners insurance policy only provides a minimal amount of property coverage for your personal belongings.
The best way to safeguard your most prized possessions, including your brand new Valentineâ's Day gift, is to obtain scheduled personal property coverage. This exclusive form of coverage allows you to protect your most valuable possessions in the form of replacement cost coverage. This means that if you lose your shiny new bracelet, it will be replaced to you at its actual value. The standard homeowners insurance policy comes with actual cash value reimbursement, which means the depreciation of your new bracelet is calculated before you receive any reimbursement. Another perk of scheduled personal property coverage is that you receive coverage for almost anything, meaning misplaced, stolen, damaged, and destroyed items still receive coverage.
In order to obtain scheduled personal property coverage, you will need to have your valuables appraised or provide proof of value in the form of a receipt. Once accepted, your scheduled items will be protected from harm. The extra expense of scheduled personal property coverage is well worth the optimal protection your most precious items will receive.
Contact Cook, Disharoon & Greathouse, Inc., in Oakland for all of your California
homeowners insurance needs. Allow us to assist you in adding scheduled personal property coverage to your homeowners insurance policy so that your valuables can be protected to the fullest.
