Home Insurance: The Perfect Stocking Stuffer

Home Insurance: The Perfect Stocking Stuffer

The holiday season is also a good time to reassess your home insurance needs, namely theft endorsements and floaters for all those new, pricey possessions. If you give or receive jewelry, computer gadgets or fine art, you should probably discuss additional coverage with your insurer. An endorsement to your homeowners’ policy allows you to set a higher amount of coverage on certain personal items covered under your current home policy.
A personal articles floater covers purchases, like jewelry, for their full value, based on a receipt or appraisal. If you are storing expensive items in your car while shopping and they are stolen, they won’t be covered under your auto insurance. However, if you have adequate homeowners’ insurance with the appropriate add-ons, you may be reimbursed for a portion of the cost.