Black Friday? Small Business Saturday? Cyber Monday? Thanksgiving might be the official holiday, but for many Americans the real fun starts the following day when the shopping begins.
Do you know what an insurance rider is? A ‘rider’ is a provision that you can add to your homeowners insurance policy that will provide additions benefits, including zero deductibles and full replacement value on scheduled items.
If you are planning on purchasing any big-ticket items during the annual post-Thanksgiving shop-a-thon, then you might want to consider investing in an insurance rider to protect your purchases.
Common Homeowners Insurance Policy Riders
Jewelry, Watches, Furs, Precious and Semiprecious Stones
Did you know that most homeowner policies cover only up to $1,500 for jewelry due to theft? Or that coverage for lost items is not included? With a jewelry rider you will not only be protected against theft and mysterious disappearances, but you can insure each piece individually for their full replacement value.
Silverware
Similar to jewelry, there is a theft limitation for silverware unless you have the items scheduled on a rider. The standard homeowners insurance policy should cover up to $2,500 in damages, but what if the silverware is worth more?
Art and Antiques
You’ve spent a lot of time and energy decorating your home – Can you imagine losing all of the artwork and antiques you’ve collected over the years? While we can’t promise an exact replica, we can provide limits up to 75% of the value of your home. If that isn’t enough, an insurance rider can make up the difference.
Your high-value items may need additional coverage. Talk to an agent at Texan Insurance for more information on making sure your valuables are protected.
