Property insurance for your home apartment or condo does cover the contents in your dwelling. However we always recommend a regular inventory of your contents to ensure that your content coverage is adequate. Basic home owner’s policies have limitations on coverage and so you may not be fully covered if you own specialty items.
Specialty items have a high value both financially and personally. Our Personal Insurance Advisors will review your specialty items with you to ensure you have the proper coverage.
For example there may be a maximum limit per item (e.g., $300 for each bicycle), or an aggregate limit for all items of a certain type (e.g., $2,5000 limit for jewellery and watches). It is important to understand what valued items you have, what they are worth, how much coverage you have on your policy, and what coverage you need to add.
Extra coverage is available for the above items by adding an endorsement or a schedule to your policy. This ensures you are better protected in the event of a claim because the specific value of the specialty items is known upfront.
You would be devastated to learn a claim for a lost engagement ring is maxed out at a lower standard policy limit and not replaced as a value of what the ring is appraised at.
Hubbard Insurance Group provides personalized service for your personal insurance needs. We will review the fair market value of your specialty item today – not what it was worth years ago and in turn make sure your insurance policy reflects that value.
Contact us today and let’s get working for you!
Email us at better@hubbardinsurance.com or call 905.696.9090 where you’ll be “Well Advised. Well ProtectedTM.”
Alternatively fill out the Get a Quote form; we will begin assessing your needs and contact you as soon as possible.
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