I was speaking to a local insurance agent the other day. We talked about how often
People are under insured. It turns out the majority of us are in fact under insured. After you’ve suffered a lose is the time most of us find out that we aren’t fully insured.
This is what I learned from our conversation
In California unscheduled items (items that aren’t appraised or itemized) are covered up to $2,500.00 on the basic home owners or renters policy and one item can’t be valued more than $1500.00
In most cases that isn’t enough to cover a wedding set, not to mention there is the deductible of $500.00 or more.
Needless to say most people are under insured.
How can you properly protect yourself? Ask your insurance agent about a floater. In the case of jewelry it means bringing your jewelry to us here at Countryman’s Village Jewelers. I write a detailed appraisal with photos and its current replacement value. You take the appraisal to your insurance agent and he sets up a floater.
This way each item is covered for the current appraised value and there is no deductible. It’s the safest thing you can do to protect yourself against a lose.
If you have any questions please feel free to call me.
Countryman's Village Jewelers
1700 Mc Henry Ave. Suite 19
Modesto, CA 95350