Adding Coverage in your Home Owners Insurance

 
Your needs as a homeowner may be different from that of your neighbor - so why think of purchasing the same policy that your neighbor suggests for? You may have some expensive Oriental Rugs, rare and ethnic jewelry and some expensive office equipment on which you need insurance coverage, which your present homeowner’s insurance policy may not provide. You will need a different policy -- a policy with some added advantages that are specific to your needs and belongings. You wonder if something like that really exists!

 
We often buy a home insurance policy, feel relaxed and never look back – feeling secured and content. But just imagine a day when you get up in the morning only to find your most precious antiques, silver ware and artwork missing. Your house has been burgled! What do you do? You frantically call your agent – only to know that your home insurance covers damages resulting only for perils like earthquakes, floods, fire and similar catastrophes. But what about your valuable ornaments? You just realize that they don’t cover your jewelry, furniture and artwork. You just wish if something extra could be added to your home insurance policy- something that can give you that extra coverage to your valuables. A rider is perfect for this extra coverage. This is like a mini insurance that can be added to your current home owner’s policy. This rider gives you added protection on many items, that are usually excluded from your home insurance policy, or even if it’s included, it has have very low limits.

Jewelry: If you have any basic homeowner’s policy it may just cover up to $ 1000 of your jewelry. But what happens if you lose ten times more than that? Your jewelry rider policy can help you. Your policy will not only cover against the damage but theft also. While purchasing the policy you need to ensure that each piece of your jewelry has an agreed upon itemized value in order to avoid any kind of conflict later on. You can even get the added advantage of discount on your rider if you store your valuables in a fire safe box or safe deposit box.

Antiques and Artwork: Usually these pieces have 75% or more coverage in your basic homeowners insurance. Still people who have huge collections prefer something more. A rider on these antiques and artwork won’t cost you much but will cover almost your whole collection. You just need to prepare an agreed itemized value at the time of purchasing the policy.

Home Office Equipment: This is one of the areas in homes that needs maximum coverage but unfortunately is rarely insured. This is common in many homes where such spaces are common hubs for carrying out researches and planning. You have expensive gadgets and equipments but your basic home owners insurance has a limit of just $1000. What do you do next? It’s simple. You just need to add an insurance rider to cover your computers, fax machines and printers. Your homeowner’s insurance rider can replace any damaged part or stolen equipment should the need be.

 
Today there are several companies that can provide you insurance coverage on some specific items that you may possess. Just look around, search the Sunday classifieds or spend some time surfing the internet. You will come across many companies and agents who are ready to willingly take the time and help you to choose your policy and plan out your itemized coverage for your small expensive items.