How To Upgrade Your Home Insurance Coverage For Valuable Items

​Your home is likely the most valuable asset you own, and it's important to have adequate home insurance coverage to protect it. However, standard homeowner's insurance policies may not provide enough coverage for valuable items such as jewelry, artwork, and collectibles. If you have valuable items in your home, you may need to upgrade your home insurance coverage to ensure that you are fully protected. In this article, we'll explore how to upgrade your home insurance coverage for valuable items in Spokane, WA.

Conduct a Home Inventory
The first step to upgrading your home insurance coverage is to conduct a home inventory of all your valuable items. This includes jewelry, artwork, collectibles, and other high-value items. This inventory will help you determine how much coverage you need and provide a record of your items in case of theft or damage.

Check Your Current Policy
Once you have completed your home inventory, it's important to review your current homeowner's insurance policy to determine if it provides adequate coverage for your valuable items. Most standard policies have a limit on the amount of coverage they provide for valuable items. If your items exceed this limit, you may need to purchase additional coverage.

Schedule Your Valuable Items
One way to ensure that your valuable items are fully covered is to schedule them on your homeowner's insurance policy. Scheduling an item means that it is specifically listed on your policy with a value assigned to it. This provides more comprehensive coverage for the item and can also help speed up the claims process in case of theft or damage.

Purchase a Floater Policy
Another way to upgrade your home insurance coverage for valuable items is to purchase a floater policy. A floater policy is a separate policy that provides additional coverage for specific items such as jewelry or artwork. This type of policy provides broader coverage and can be a good option if you have high-value items that exceed your current homeowner's insurance policy limit.

Consider Appraisals
If you have high-value items such as artwork or antiques, it's important to have them appraised by a professional. This can help you determine their true value and ensure that you have adequate coverage for them on your home insurance policy.

In conclusion, upgrading your home insurance coverage for valuable items is an important step in protecting your investment. Conducting a home inventory, reviewing your current policy, scheduling your valuable items, purchasing a floater policy, and considering appraisals are all steps you can take to ensure that your valuable items are fully covered. Home insurance in Spokane, WA, can provide the necessary coverage for your valuable items, but it's important to review your policy and upgrade your coverage as needed. If you have any questions about your home insurance coverage, be sure to speak with your insurance provider.

​At Black and Associates Insurance, Inc., we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays, and we're here to help you out. Learn more about our products and services by calling our agency at (509) 464-0058. You can also request a free quote by CLICKING HERE.

Disclaimer: The information presented in this blog is intended for informational purposes only and should not be considered as professional advice. It is crucial to consult with a qualified insurance agent or professional for personalized advice tailored to your specific circumstances. They can provide expert guidance and help you make informed decisions regarding your insurance needs.​