How To Add Valuable Items To Your Home Insurance Policy

​Your home is filled with valuable possessions, each holding a special place in your heart. While your Grapevine, TX home insurance policy offers protection, certain valuable items may require additional coverage to ensure they're adequately protected in case of loss or damage. Learn how to add these cherished possessions to your home insurance policy for added peace of mind.

Identifying Valuable Items

1. Appraisal: Begin by identifying the valuable items you'd like to insure. Items such as jewelry, artwork, antiques, and collectibles often fall into this category. For a clear understanding of their worth, consider obtaining a professional appraisal.
   
   
2. Documentation: Create a comprehensive inventory of your valuable possessions. This list should include detailed descriptions, photographs, receipts, and any relevant documentation.

Options for Coverage

1. Scheduled Personal Property Endorsement: This is the most common method for insuring valuable items. It involves adding an endorsement, also known as a rider or floater, to your existing home insurance policy. This provides coverage specifically tailored to the item's appraised value. Be prepared to provide documentation such as appraisals or purchase receipts.
   
   
2. Blanket Coverage: If you have multiple valuable items, you might consider a blanket coverage option. This provides a set amount of coverage that applies to all valuable items combined. Keep in mind that individual items may be subject to per-item limits, so review your policy carefully.

Evaluating Your Coverage

1. Review Your Policy: Periodically assess your home insurance policy to ensure it adequately covers your valuable possessions. The value of your items may change over time, requiring adjustments to your coverage.
   
   
2. Reappraisal: Valuable items' worth can fluctuate, so consider periodic reappraisals to accurately reflect their current value. This helps maintain proper coverage levels.
   
   
3. Keep Documentation Updated: As you acquire new valuable items, remember to document them and add them to your coverage if necessary. Equally important, update your records if items are sold, lost, or no longer in your possession.

Securing Your Investments
Your home insurance policy offers essential protection, but valuable items often need specialized coverage. By following these steps and working closely with your insurance provider, you can ensure your cherished possessions receive the safeguarding they deserve. Adding valuable items to your home insurance policy not only provides financial protection but also offers priceless peace of mind knowing your treasures are secured.

At Jacobs Insurance Solutions, we do our best to make sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (817) 485-8989 or CLICK HERE to request a free quote. 

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.​