Homeowners Insurance and Break-Ins

Bad guys strike when you least expect it. Chances are they have been scoping your home out for quite some time. The opportunity was right, you were away, and that’s when they went in and ransacked your home.

According to Crimepreventiontips.com: every 15 seconds a home burglary occurs in the United States. Home break-ins happen during the hours of 6am and 6pm. That’s almost 5,000 homes that are burglarized every day. And they do it when you’re more than likely at work.

The crooks usually go after high valued items that include:

Jewelry

Cash

Electronics

But what about your insurance coverage? Do you have the coverage to help you replace what has been stolen? Do you have enough coverage? This is what I’ll be offering a short overview of what is covered in the Standard HO-3 Homeowners Insurance policy.

The standard homeowners insurance policy provides coverage for Jewelry but it is limited in how much it will cover. Generally it only offers coverage from $1,000 to $2,000 for theft of Jewelry. Chances are that you have more than this amount of Jewelry in your collection. More than likely you have that much value in one single piece of Jewelry.

If your Jewelry is worth more than $1,000, you should purchase higher limits of coverage to protect your high valued items. This is where a Jewelry Floater or Scheduled coverage comes into play.

Scheduling your Jewelry or other high value items will provide you with both higher limits of coverage and may even broaden the coverage that is not normally covered on your standard homeowners policy.

Other items that can be scheduled can include paintings, stamp collections, firearms, gold and silverware. You can even schedule furs, watches and antique furniture on many policies.

For more information concerning your specific insurance needs, contact your agent or company to discuss this important coverage.

As always, feel free to reach out to me for a thorough insurance review of your insurance program or to get a free quote. Office 910-891-7081 Direct Chat 910-212-6001

Rodney Stewart, Agency Owner rodney.stewart@nctristar.com

Tristar Insurance Services, LLC

1806 W Cumberland St.

Dunn NC 28334