Did you know that if gifts are stolen from your car while shopping your automobile insurance policy does not cover it? That's correct, this type of loss would be covered by your homeowners or renters insurance policy, subject to your homeowners deductible and conditions.
Keep in mind if you receive expensive gifts such as jewelry this Christmas it can be endorsed to your homeowners or tenant insurance. You can also obtain a separate personal article floater where items can be covered at full value, with no deductible. The rate structure is based on the cost of the item per $100. An appraisal would be needed to state the value of the item.
The personal article floater can also be obtained to cover scheduled fine arts, guns, furs, cameras, musical instruments, silverware, postage stamps and coins and electronic equipment such as laptop computer and plasma televisions. This coverage is provided on an "open perils" basis that would include mysterious disappearance and breakage which are not perils covered under a homeowners policy.
Keep in mind if you receive expensive gifts such as jewelry this Christmas it can be endorsed to your homeowners or tenant insurance. You can also obtain a separate personal article floater where items can be covered at full value, with no deductible. The rate structure is based on the cost of the item per $100. An appraisal would be needed to state the value of the item.
The personal article floater can also be obtained to cover scheduled fine arts, guns, furs, cameras, musical instruments, silverware, postage stamps and coins and electronic equipment such as laptop computer and plasma televisions. This coverage is provided on an "open perils" basis that would include mysterious disappearance and breakage which are not perils covered under a homeowners policy.
