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In addition to your renters or homeowners insurance policy, you should look into purchasing extra coverage for items that are more expensive. While most belongings are covered under a traditional policy, protecting more valuable items can provide extra peace of mind in case you reach coverage limits due to an incident. The team at Financial Strategies Group Inc. DBA Arlene Lear Insurance shares belongings that need additional protection.

Belongings That Need Insurance Beyond a Homeowners Insurance Policy

1. Jewelry

From your engagement or wedding ring to an heirloom that's been passed down in your family, you should always have extra insurance on expensive jewelry. It can help if you lose a stone or if the piece is stolen. If you’re unsure if you need an additional policy for a piece of jewelry, ask your insurer about your current homeowners insurance policy limits. If your policy only protects up to a certain dollar amount, you may need additional insurance to cover the difference.

2. Collections

Some people like to collect items, and whether they have value on their own or as a set, additional coverage can ensure you can replace it. This could include firearms, coins, cards, or vintage items. Update the appraisal value every year as you add on to the collection, so you can make sure you have enough coverage to protect its value. 

3. Art

homeowner's insurancePerhaps you love collecting art pieces, or you've invested in one high-value piece for your home. Art can be expensive, and its full value may not be covered under a traditional homeowners insurance policy. An additional policy for art pieces will cover gaps if something happens.

4. Other High-Value Items

You know your belongings best so make a list and see if anything else that you own might need additional protection. Whether it's an expensive rug or an heirloom passed down for generations, it's always a good idea to get more coverage for your high-value items.

Whether you're searching for a homeowners insurance policy or you need extra coverage for jewelry or other high-value items, the team at Financial Strategies Group Inc. DBA Arlene Lear Insurance can help. For more than 40 years, they've provided a personalized level of service to customize insurance policies for the Bolivar and Humansville, MO, community. To learn more about the insurance they offer, visit them online, and call (417) 777-3000 to request a quote.

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