Insure Your Christmas Gifts

By Quinn Allen

 

Christmas tends to be a time for spending and big purchases for the ones that we love. Unfortunately, this often means we are at higher risk of property theft during the Holidays. It’s important that you make the time to speak with your insurance agent to ensure that these new gifts are covered under your policy. Depending on the item, you could schedule or you could increase your coverage by making changes to even a homeowner or car insurance policy – if the purchased item is a home or car. Examples of items to schedule are:

 

  • Computers, laptops, or tablets
  • Hobby Equipment (ski, scuba, quad copters, RC airplanes, etc.)
  • Musical instruments
  • Jewelry
  • Televisions
  • Designer clothing
  • Gaming systems (PS4, Xbox One, Wii U, etc.)
  • Fine art (prints, paintings, sculptures, vases, etc.)
  • Mobile Devices
  • Cameras/equipment

 

One of the biggest reasons to schedule or update your policy is to limit your out-of-pocket costs should something occur. Depending on your deductible and coverage limits, you could be responsible for taking on the remainder of the costs. If an item were to be valued at $5,000, but your homeowners/condo/rental insurance only covers $1,000 and there’s a deductible, you would only get back a fraction of what the item costs.

If you’re ready to schedule your items or update a policy, be sure that you have the information needed to confirm the value of your belongings. Keep receipts or have digital copies of detailed transactions, complete an appraisal and keep documentation of this, and update the value if it should change. Taking the steps to update information, make changes to policy if needed, or schedule your items can save you time in the long run of having to locate this information and processing should anything happen. Have questions, need coverage, or need more information? Contact me on This email address is being protected from spambots. You need JavaScript enabled to view it. or call 217-528-5679 ext. 105

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Call Us: 1-217-528-5679
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Lee/O'Keefe Insurance Agency, Inc.
2501 Chatham Road - Suite 100
Springfield, Illinois 62704

Hours: Monday - Friday 8am - 4:30pm

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