Checklist: Insuring your Valuables Cambridge MA

Homeowner's insurance typically covers the market value or the replacement value of your house and its contents.

Local Companies

Aronson Insurance
407-433-4322
950 Highland Ave
Needham, MA
Cambridge Real Estate
(617) 491-6600
954 Cambridge St
Cambridge, MA
Oriental Connections Llc
(617) 868-1221
274 Broadway
Cambridge, MA
Haughey Philip C Rl Est
(617) 491-8500
Cambridge, MA
Sterling Properties
(617) 868-4100
875 Massachusetts Ave Ste 31
Cambridge, MA
Real*Time Real Estate
(617) 742-7495
Cambridge, MA
Metropolitan Real Estate
(617) 547-0559
Cambridge, MA
Cambridge Real Estate Associates.Com
(617) 868-5550
151 Cambridge St
Cambridge, MA
Smith Group
(617) 497-1000
Cambridge, MA
Metropolitan Real Estate
(617) 547-5717
105 Irving St
Cambridge, MA

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It can be difficult to put a dollar figure on household furnishings, and it’s tempting to estimate low to avoid big premiums. However, if unique or expensive possessions are stolen, broken or damaged, you will be glad to get financial compensation from your insurance company.

You should review the amount of homeowner’s coverage you have every year to determine whether it is too much or too little for your current needs. Events that might create a need for additional coverage include marriage, renovation and redecoration or an inheritance – any of which can mean acquisition of new and costly possessions.

Here’s a checklist of items that often have significant worth. Use it to make sure you’re taking into account all of your valuables and irreplaceable possessions when you are estimating how much coverage you require:

 

  • jewelry made with precious metals and gemstones
  • silverware, including solid cutlery, teapots, trays and vases
  • family heirlooms, including jewelry, toys, furniture, paintings and books
  • antique and hand-crafted furniture
  • hand-loomed rugs, carpets and tapestries, particularly those that are imported and/or antique
  • expensive or rare musical instruments
  • original paintings and other objets d’art such as bronzes
  • signed prints by well-known artists
  • antique china, crystal, cutlery, lamps, mirrors and other decorative items
  • custom-made and/or designer furniture and accessories
  • top-of-the-line/designer appliances
  • couture clothing, shoes, watches and accessories
  • furs
  • a cellar-full of vintage wines
  • collectibles, such as rare stamps, books, glassware and china

 

If you don’t know what antiques and family heirlooms are worth, you may wish to get them appraised. To get coverage for rare and extremely valuable possessions, you may need to add a rider to your homeowner’s policy. Consult your insurance agent, broker or your insurance company’s help line to find out.




Published on February 15, 2007

Read full article at realestate.com

Featured Local Company

Aronson Insurance

407-433-4322
950 Highland Ave
Needham, MA

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