KCAL Insurance Agency
Phone: (800) 681-8288 E-mail: info@kcal.net
About Real Estate: Some household possessions need extra insurance coverage
A standard homeowner's insurance policy covers items such as jewelry and antiques, but additional protection may be needed if the items are unusually valuable. But coverage for most personal possessions typically is limited to no more than 50 percent or 75 percent of the coverage you have arranged to repair or rebuild the dwelling itself. Figure on adding at least a buck or two to your annual policy premiums for each $1,000 of coverage to protect your most expensive items. That means that if you want to insure Grandma's tea set that's valued at $20,000, you may have to pay up to $400 extra each year. Insurance premiums for jewelry can be even higher.
Source:
Daily Herald