What You Should Do to Insure Your Valuable Holiday Gifts, steps to get your precious gifts covered

What You Should Do to Insure Your Valuable Holiday Gifts

Take these steps to get your precious gifts covered.

Now that the holidays are here, you will likely start receiving presents from your loved ones. But what happens if you are gifted something that’s extremely expensive or valuable? In this case, you need to make sure this valuable item is insured. Take these steps the get your precious gifts covered.

Contact Your Insurer

If you have homeowners or renters insurance, then your policy offers coverage for your personal belongings. However, this coverage is subject to certain limits. If the value of your gifts exceeds your policy’s coverage limits, you will have to secure additional coverage. Speak to your agent to determine just how much your existing policy will cover this holiday season.

Get Your Gifts Appraised

If your insurer tells you that your gifts cannot be covered under your policy, you’ll need to schedule an appointment to have the items appraised. Going through this process will help you determine the exact value of your gifts. This, in turn, will tell you how much additional coverage you need to secure.

Secure Additional Coverage

You have some options when it comes to insuring valuables. For instance, you can secure a homeowners insurance endorsement for your valuables. This option will make your coverage easy to manage because it’s all in one place. You also have the option to purchase a standalone insurance policy for your valuables. Standalone policies are a good option because they offer more specialized coverages to fit the specific items you wish to insure.

This holiday season, take these steps to get your precious gifts covered. Do you have additional questions regarding your personal property coverage? If so, don’t hesitate to contact the experts at Tri-Star Insurance/HUB International in Plano, Texas. We are ready to assist you with all your personal coverage needs today.