What You Should Really Insure In Your Home

It is pretty obvious that you are responsible for anything in your home and on your property. Whether you technically own it or not, you need to be sure that your homeowners insurance covers the items located on your property. While you need to take inventory of the things you own, knowing what to insure is entirely different.

Mix of Possessions

Many households nowadays have a mix of possessions. Thus, when it comes to taking inventory, you don’t include your son’s collectibles or your dad’s boat. But if you consistently help others out by storing their things or letting them live with you, then you need to sort things out with your policy. Insurers may require you to get a tenant’s policy if this is the case.

Here’s a list of things you don’t own which you should consider including in your coverage:

• Art
• Boats
• Collectibles
• Family heirlooms
• Furniture
• Musical instruments
• Power and hand tools
• Professional equipment
• Recreational vehicles
• Seasonal gear
• Sports gear
• Vehicles

While you’re taking inventory, you should document each item by taking photos. If there’s an item that’s obviously valuable but not yours, don’t hesitate to talk to your agent about your insurance.

Your Valuable Possessions

Your belongings should be categorized into three: (1) things that require additional insurance; (2) things that are worth adding insurance; and (3) things that aren’t worth insuring. Doing so will help aid a smooth transaction with your agent.

Here’s a list of items that require additional insurance:

• Antiques
• Art Collectibles
• Fine furniture
• High-end electronics
• Jewelry

Certain items have more sentimental value than monetary value. Take for example a scrapbook, it is only insured for the actual book’s replacement costs. That is why it is essential to keep a duplicate of irreplaceable photos and memorabilia digitally or in a safe place.

Your home is full of possessions and memories. Knowing the difference would help you focus on the things that actually matter in insurance investment. If you’re not sure what you should insure, you can hire an appraiser.

Brad Spurgeon Insurance Agency Inc.​ aims to provide you the right home insurance you need through their trustworthy insurance carriers. We have a wide range of insurance products and services available. You can get a free quote online, or you can call us at (409) 945-4746​. If you have further questions about our products, we offer free consultation through email or you can visit us at our office today.