In 2012, over two million home burglaries lead to an estimated $4.7 billion in property losses for homeowners across the U.S. Their Homeowner insurance may have helped pick up the pieces, covering their personal property, and getting life back to normal. But that’s not the situation for every type of property though.

The Problem

What if you lost something really valuable? What if something expensive, something unique, and something your Homeowner insurance didn’t fully cover was stolen or damaged?

That’s the case with many valuables, collections, and important things like:

• Jewelry
• Artwork
• Record collections (vinyl)
• Silverware
• Coin collections
• Cameras
• Musical equipment
• Furs

Typical Homeowners insurance policies cover these types of items, but to keep premiums down and prices affordable, provide relatively low limits. For instance, a typical Homeowners policy might only cover your jewelry for $1,000 against liability for theft.

The Solution

By adding a scheduled rider to your policy you can insure the item for its full value, but often you can also increase the perils that the item is covered for.  Usually this scheduled rider will have a lower deductible than the rest of your home too.

When shopping for insurance quotes, it’s important to make sure you are covered correctly.  Local Farmers Insurance agent Daniel Oliver located in Edina, MN has 30 years of experience in properly protecting his clients.  A review of your coverage could save you a lot of heartache at the time of a loss.