Are my personal items covered when I take them away from home?

The coverage that is available for your personal belongings in a home insurance policy may depend on several factors. Some insurers may have limitations on the claims that you can make and the personal items that are covered in Plano, TX may vary. Understanding your policy is the key to determining if a particular item was covered or if you need additional protection for high-cost personal belongings.

Covered Items

Items that you take out of the home may or may not be covered by your home insurance policy. The key is recognizing the items that are not covered so that you can address particular needs and avoid high-cost expenses when an item is lost or stolen.

As a general rule, most insurers will offer some protection for the contents of your home. The problem is that the type of coverage and protection may vary. Some insurers will offer the value of the item after depreciation while other policies may offer the replacement cost. Most items are covered, but there may be limitations on how much you can claim.

Protecting Personal Belongings

Personal belongings are not always fully covered, especially if they are expensive. Expect that your insurer will have limited coverage for high-cost laptops, jewelry or artwork. You may need additional protection for those items. A high-cost bicycle, which you take out of the home whenever you ride the bike, is usually protected by your policy; however, the limitations on your claims may prevent you from getting the full replacement cost for the item if it is lost or stolen.

Most insurers will offer some protection for your personal belongings, even if you take them out of the house. The key is recognizing the limitations of you policy so that it is possible to purchase additional protection if it is necessary. Contact us to speak to an agent for more details.