Insure Your Personal Possessions in the New Year

For many, it’s hard to believe that the holiday season has already come and gone. As you take down the tree and wrap up the lights, you may be wearing the new earrings, watch or necklace that a family member or loved one gave you as a holiday gift. In fact, according to the National Retail Federation, the average consumer spend for Christmas gifts increased by about 5% in 2014, with jewelry landing high on many people’s wish lists.

While you recover from the excitement of the season, you may be wondering how you can protect your new possessions. How do you make sure that your new bracelet, work of art, or other valuables stay safe from loss or theft? While keeping them in a heavily guarded safe is one way to make sure they’re taken care of, it’s not the most practical. That’s where personal possession insurance comes in.

Though most homeowners’ insurance policies do include a clause protecting your items from theft and other misfortunes, generally speaking, there is a limit to how much they will protect–especially in cases of theft. Additional insurance for your valuable possessions is an important safeguard that allows you the opportunity to take care of even the most expensive of items. This can include jewelry, artwork, electronics, and much more.

In a nutshell, you can choose one of two types of insurance for your personal possessions. The first type individually protects your goods as you have listed them out on a schedule, while the second type acts as a sort of expanded umbrella over specific types of belongings. Each type of insurance does come with its advantages, depending on what it is you’d like to insure. For extremely valuable items, most experts recommend selecting the individual coverage, but your agent can help you determine which type best suits your needs.

If you have new valuables you’d like to protect this year, contact the experts at Corkhill Insurance. Our dedicated insurance agents are committed to providing you with a transparent experience and giving you the options to suit your unique needs. When you’re ready to receive an estimate, give us a call at (407) 898-8891.