Gifts Holiday Insurance

Insure Your Expensive Gifts This Holiday Season

Christmas is right around the corner and chances are that one of those presents sitting under the tree is holding a gift you’ve been waiting for all year. Whether it’s a beautiful necklace, a sound system for your living room or a new watch, take the necessary steps to protect your expensive gifts. That last thing you want is for something to happen to your pricey treasures.

Maximized Protection

You may be thinking your homeowners insurance covers the expensive items you own, but this isn’t always the case. According to the Insurance Information Institute, high-value items should be presented to your insurance company. This can give your insurer an idea of how much your item is worth so it can be listed in your homeowners or renters policy.

Most standard homeowners and renters insurance policies will cover expensive personal items but will only pay anywhere from $1,000 to $2,000 of the total loss. However, an endorsement, or floater, can provide extra protection for specific high-value items such as:

  • Diamond bracelets
  • Gold wristwatches
  • Furs
  • Rare coins
  • Baseball cards

With an endorsement, you’ll be able to protect items valued at $1,000 to $2,000. While you may have to pay extra for this added insurance, know that your item will be safe no matter what and can bring you the peace of mind you need.

Here to Protect You

At Shepard Walton King, we know how much these priced possessions mean to you and we’ll take the necessary steps to protect them with a proper insurance plan. Whether it’s that new big screen TV in your living room or that ring you’ve always wanted, our insurance brokers will help you choose the best protection. Contact our office in McAllen for more information about our insurance services.

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