How home insurance protects your personal property
Every home insurance policy comes with an essential coverage known as personal property coverage. However, very few people know how it works and how it protects their personal belongings. If you are one of them, worry no more. Experts at Nieroda Insurance Agency will help you understand why this coverage is critical in your home insurance policy.
What is a home personal property coverage?
Personal property coverage is part of your home insurance policy that repairs or replaces damaged, lost, or stolen valuables in your home. When you visit an insurance agency in Saint Charles, MO, you will be required to provide an approximation value of your possessions to calculate your home insurance rates. In most cases, they will need to visit your home and evaluate whether you own the items and their present condition. Your personal property comprises of:
- Sports equipment
- Rugs, curtains, and other decors
What about valuable possessions like the artwork?
Not every valuable in your home is covered by home insurance. Items that exceed the value of your policy may not be covered by standard home insurance. In this case, you need to buy a separate policy to protect them. Some of the valuables include:
- Fine wine (expensive)
- High-value artwork
- Collectibles like coins
How much coverage do I need for my personal belongings?
You will need to do a bit of homework to determine the amount of coverage you need. First, you need to develop an inventory and note down the value of each item. Next, you will need to know some of the most common claims in your area to determine which coverages fit your needs. Your insurer can help you determine the most common claims in Saint Charles, MO.
You have worked hard to buy everything you own in your home. Nieroda Insurance Agency is here to ensure your property is protected. Feel free to drop by for more information, quotes, or new policy discussions.