The holiday season is all about finding that perfect gift for loved ones, whether it’s a piece of jewelry, the latest gadget, or even a new bike. With so many valuable gifts exchanged, it’s wise to consider how you can protect these items long after the wrapping paper is gone.
- High-Value Gifts and Homeowners Insurance If you’re gifting (or receiving) high-value items like jewelry, artwork, or a new watch, it’s essential to check your homeowners insurance. While a standard homeowners policy offers some protection, it may not cover the full value of pricier items. Many policies have a per-item limit, which could mean you’re not fully covered if something happens to an expensive gift. By adding a rider or endorsement, you can ensure that high-value gifts are protected up to their replacement cost, providing peace of mind.
- Coverage for Electronics and Gadgets Electronics are popular holiday gifts, from laptops to tablets to smartphones. Since these items are often portable, they’re more susceptible to accidents or theft. A personal property endorsement can help extend coverage for electronics outside your home, so if something happens to that new tablet while traveling, it’s covered. Some policies even offer accidental damage protection, adding an extra layer of security for devices that may see everyday use.
- Insuring Recreational Equipment If you’re giving sports or recreational equipment like bikes, skis, or cameras, these too can be protected. Recreational items are often covered under personal property, but for more costly or specialty equipment, it may be worthwhile to add specific coverage.
- Keep a Record of New Items For any valuable gifts, keeping receipts, taking photos, and keeping serial numbers (if applicable) helps expedite claims in case of loss or damage. This record can be useful both for insurance purposes and if the item requires warranty work in the future.
Your new gifts deserve proper protection, and we can help make sure they’re covered. Contact us at 360-254-7166 to discuss adding the right insurance for your holiday gifts!