Did You Know Your Homeowners Policy has Low Coverage Limits for Property Like Jewelry/Watches & Musical Instruments?

Mortgage commitments and closing attorney’s tend to focus on meeting the dwelling limit requirements, having the correct mortgage clause and proof of payment to complete the closing.   OK, so now what?  Your homeowners policy is a package policy covering property and liability for an owner occupied dwelling, condominium or apartment. What about your coverage needs beyond the dwelling or requirements of a mortgage company or landlord?
It is important for you to thoroughly reveiw your coverages to be sure they meet your needs.  Here’s one area that you will want to pay particular attention to: Certain property categories are very limited in coverage on your homeowners policy.
Some of those categories may include:

  • Jewelry/Watches
  • Furs
  • Fine Arts
  • Guns/Sporting Equipment
  • Silverware
  • Antiques
  • Musical Instruments
  • Cameras

So, if you have any of the above items it is a good idea to review your homeowners policy to see if you have adequate coverage.  At times it is best to purchase a seperate policy to cover valuable items.  To review your coverage needs and to obtain a quote for your special property just follow this link:   /coverage/home-insurance/
You can contact Ion Insurance at: www.ioninsurance.com or call 203.729.5261 for further assistance.