5 Reasons to Get Personal Property Insurance

personal property insurance for renters

You must already know about home insurance which protects your home against various threats like fire, burglary, water damage, etc. However, did you know that most insurance plans contain personal property coverage too? What’s Personal Property Coverage? Personal property coverage aka contents coverage insures your belongings including furniture, home appliances, jewellery, etc. It may also cover items that are outside your home such as your luggage when traveling, bike, etc. If any of these things are damaged/destroyed by natural disasters like fire, or stolen, then you may get adequate compensation…

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Jewelry insurance appeals to diamonds and heirlooms

Jewelry Insurance - Jewelry - Necklaces - Silver - Gold - Pearls

Expensive rings, necklaces, earrings, watches, bracelets and other items need separate coverage. Engagement rings, great-grandmother’s necklace and other expensive items can benefit from jewelry insurance coverage. Their coverage under homeowners or renters policies is very limited. Often, there is inadequate protection offered for the full value of a high-value piece. Renters and homeowners policies offer protection but only up to a certain limit for all pieces. Homeowners and renters insurance policies will usually limit jewelry coverage at around $1,000 to $5,000. However when it comes to more expensive pieces, this…

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Why it Pays to Insure Your Gold Assets

Gold Assets

From tangible cash to properties, valuable assets must be insured against disasters and catastrophes. As with any other valuable property, it is no surprise that people also insure their gold assets. Adhil Shetty of Yahoo! Finance writes that various insurance plans offer peace of mind when it comes to securing the metal, with plans covering theft and even accidental loss. Coverage increases in scope according to the plan that you pay for, with Shetty reminding gold owners that it is important to hold on to all relevant documents should the…

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Engagement ring insurance spikes with Valentine’s Day proposals

engagement ring insurance

It may not seem romantic, but many consumers are choosing to purchase coverage for this sizeable investment. As people across the country get ready to pop the question on Valentine’s Day, they are also purchasing engagement ring insurance coverage. These policies are meant to provide protection against the unexpected. After all, this piece of jewelry is considerably more expensive than a box of chocolates or a bouquet of roses. It’s clear that a growing number of people are hanging onto their financial sense even in romantic moments. Before people get…

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Kim Kardashian robbery has now led to an insurance claim for stolen jewelry

kim kardashian robbery jewelry insurance claim

The celebrity who was the victim of a terrifying robbery has now submitted a claim for what was lost in the theft. The Kim Kardashian robbery that filled the headlines last week has now led to a sizeable insurance claim. When the celebrity was tied up and robbed at gunpoint, the criminals reportedly took 13 items from her possession. The reality television star has now filed an insurance claim suggesting the pieces were worth less than initially suggested. The insurance claim from the Kim Kardashian robbery indicates that the 13…

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Insurance news from Allstate helps to protect Valentine’s Day investments

Declaring your love to someone can be an expensive matter, and this insurer is reminding consumers to protect valuables. Valentine’s Day is coming up very quickly, and lovers across the country are making insurance news as they shop for special gifts to help to declare their love, but at the same time protecting their investments with the right coverage. Roses and chocolates are one thing, but engagement rings are something else altogether. This very romantic day is a traditional day for many people to propose to the people they love.…

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How to protect your jewelry with the right insurance coverage

As award season kicks off, the world looks to the United States as the stars walk the red carpets decked out in the very finest in fashion and highly insured jewelry. This should come as a reminder that even if your own jewels aren’t worth millions, you may still be wise to give them adequate insurance coverage. According to Allstate Insurance Company’s vice president of consumer household, Keith Rutman, many people actually hesitate to wear their good jewelry in the fear that these precious items could go missing. He explained…

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