Checklist: Insuring your Valuables Cordova TN

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

Local Companies

Nationwide Insurance Agency
901 266 5507
3024 Covington Pike Ste 6
Memphis, TN
Nationwide Insurance Agency
901 266 5507
3024 Covington Pike Ste 6
Memphis, TN
Chen Real Estate Llc
(901) 757-6197
1144 N Houston Levee Rd
Cordova, TN
Cox Rita Rl Est
(901) 754-0299
8842 Quailwood Cv
Cordova, TN
Lovitt James B Rl Est
(901) 754-6557
8199 E Walnut Creek Rd
Cordova, TN
Talent Realty
(615) 220-0700
298 Sam Ridley Pkwy E
Smyrna, TN
Synergy Real Estate
(615) 377-0792
5115 Maryland Way
Brentwood, TN
Leitz Jim Rl Est
(615) 797-6166
4255 Highway 70 E
White Bluff, TN
Leike Richard Rl Est
(901) 754-1758
8643 Poplar Pike
Germantown, TN
Greene Nate Rl Est
(615) 850-2700
300 Broadway
Nashville, TN

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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

Nationwide Insurance Agency

901 266 5507
3024 Covington Pike Ste 6
Memphis, TN


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