Checklist: Insuring your Valuables North Dakota

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

Local Companies

Graf Candy Rl Est
(701) 232-6387
245 Lindenwood Dr S
Fargo, ND
Sundbakken Larry & Marlys Rl Est
(701) 839-3331
PO Box 181
Minot, ND
Kauffman Donovan G Rl Est Broker
(701) 838-3512
1000 20th Ave NW Apt A2
Minot, ND
Walker Bruce Jr Rl Est Broker
(701) 839-4834
1415 10th St SW
Minot, ND
Houtari Bruce Rl Est
(701) 237-3369
2731 12th Ave S
Fargo, ND
Zimbelman Linda M Rl Est
(701) 839-6129
1308 17 1/2 Ave SW
Minot, ND
Groom Gary Rl Est
(701) 235-1750
901 28th St S
Fargo, ND
Bickler P S Scott Rl Est Broker
(701) 839-2982
1817 6th St SW
Minot, ND
Zimmerman Delrae Realtor
(701) 833-1375
400 4th St SW
Minot, ND
Goodwin Robert F Rl Est
(701) 837-4622
Minot, ND

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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

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