As we are approaching the holiday gift giving season we want to ensure everyone is aware of how to protect new items you may receive. You may initially think that your new piece of jewelry is automatically covered on your current policy, but this may not be the case. If you simply rely just on your homeowners policy for coverage, you could find that you don’t have enough insurance to replace this gift if it is lost, stolen, or damaged. High-end gifts are best protected by a separate policy specifically for valuables.
If you would like to discuss this more for your particular situation, we recommend you look at all the insurance considerations with a trusted advisor. For more info on this click here.