Make Sure Your Valuables Are Properly Inventoried on Your Home Owner’s Insurance

Recently,  clients had a break in while they were away from their home for an extended period of time. The thieves turned the place upside down and found the well-hidden family heirloom jewelry. Needless to say, the clients were devastated.

The items stolen can not be replaced  – and worse: come to find out, these items were not specifically covered by their home owner’s insurance. What happened? Didn’t the clients have these items covered? Yes they did before but when they moved into their new home out of state, their home owners’ insurance was not updated to continue coverage on the heirloom items, and therefore were not covered. 🙁

What should you do to prevent something like this from happening to you?

Here is an action plan to consider:

  1. properly inventory your valuables
  2. take photos of all of your assets and do a video tour of your home and document the date
  3. get accurate appraisals of collectibles, jewelry such as Black Titanium Contemporary Rings, and other assets
  4. conduct a full insurance review with your insurance agency and act promptly on their suggestions or any areas of opportunity you might agree with.
  5. implement/increase coverages as recommended

This action plan can be taken (slightly modified of course) with all insurances. Document the risks, quantify those risks, and review & insure.

It wouldn’t hurt in these cases to have your agent come visit your property for a second set of eyes and an unbiased opinion. Make sure you properly inventory your valuables!

Make sure your assets are well protected!

If you are facing a situation like this and don’t know what to do, give us a call. We have helped people in many situations like this to inventory their assets and help make sure those assets are properly documented and insured – with the help of our insurance team. If you would first like some questions answered you can reach us at 888.278.9433 or send us a quick contact and we can go from there. Thanks for stopping by!

For more information about Our team at Walnut Hill Advisors, click here. 

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