With Mother’s Day just around the corner, the one thing that probably doesn’t come to mind is home insurance. Why would it? It’s not roses and jewelry or as I like to call it, “the Mother’s Day standard”. What it is, however, is protection for the physical items that your Mom cares about most. Whether it be jewellery, tools, or that new modern art piece no one else in the family quite understands, with home insurance we’ve got you covered.
While home insurance does have a specific amount of coverage for contents, there are often limits to how much coverage there may be for a specific item. From fine arts and firearms to silverware and sports equipment – our insurance providers are able to add coverage for those treasured items that don’t have enough coverage. The last thing we want is Mom not being fully covered if a claim happens.
How do they do that you might ask? Well, it depends on the item. Appraisals are often needed for things such as jewelry, artwork, and antiquities. While this seems simple enough there are things to remember in order to ensure that items are valued correctly and therefore insured correctly. Precious metals and gemstones fluctuate in price so it’s important to update the appraisal every five years for the correct value of the jewelry. Loose or chipped stones will not be accepted so please remember – repairs must be done first. Antiquities and artwork may also require a level of completion in order to be properly accessed.
For other items such as bicycles, tools, and cameras including add-ons many insurance providers only need a bill of sale for the item and any upgrades that may have been done. Bicycles are ones that require more in-depth questions, with the focus being on what the bicycle is used for. Tools and cameras may not be used for business use under this special coverage enhancement. Camera attachments can include the lens, carrying case, tripod, and anything else relevant to taking those perfect Mother’s Day photos.
When in doubt, contact your broker and ask them! Here at The Home Insurance People, we’re always here to help and alleviate any stress that might come from a claim. Our job is to make sure our clients receive excellent customer service and just the right amount of coverage in the event of a loss for all those special items. Do Mother’s Day right this year, get Mom that diamond necklace with an appraisal.