Are You Covering your Valuables?

Are You Covering your Valuables?

Art Glasgow, Peck-Glasgow Insurance

 

If you’re like most people, you have some very special items of jewelry.  Many families have wedding rings, family heirlooms and such that are of enormous value to you.  In the event of a loss or theft of a piece of jewelry, how can you know you will be reimbursed for its total value?  Now may be the time to call and Alabama Insurance Agent such as Peck-Glasgow Insurance for a review.

 

Under a typical scheduled property loss, if a ring is appraised for $5,000 and can be replaced for $4,000, that’s where your insurance policy obligation ends.  However, if you insure the ring on an “agreed value basis” for $5,000 – the amount that is agreed upon in advance that the item is worth — that’s the amount you will receive in the event of a loss if you request a cash settlement.  Scheduling jewelry items on an agreed value basis adds peace of mind protection because it provides the broadest coverage for you, without a deductible. 

 

Agreed-valuable jewelry coverage, helps avoid the dilemma of unmet expectations.  Ask your Peck-Glasgow Insurance agent bout agreed-value coverage today.