With homeowners policies, you need to be careful that you don’t just assume that everything is covered. If you have items such as camera equipment, if you start taking pictures for a living or as a sideline business, there’s an exclusion in most homeowners policies for business use of those items. Let’s dive into more information about separate endorsements.
Theft Limitations
On firearms and guns, most homeowners policies have a limit for theft. This limitation is often up to a dollar amount for theft. We encourage the individuals who own these weapons to have them locked up so that they cannot be easily stolen. Limitations, usually, are not seen for fire or tornado and those kinds of weather related-events on firearms. However, there are limitations for firearms when it comes to theft. We recommend you reviewing these theft guidelines of your policy for your specific limitations.
High Dollar Item Coverage
If you have a high dollar item such as a piece of jewelry; most common is the engagement ring or the wedding set. Schedule that high dollar item. Scheduling the item takes the limits away from the coverage and it also takes the deductible away so that you have zero deductible and better coverage.
Check Your Separate Endorsements
The time to learn about what your insurance does and does not cover is before you have the claim. Waiting to add separate endorsements to your homeowners coverage may cost you in the end. Contact your agent or call the Harmoning Agency sit down with us and we can help you understand what you are purchasing. After all, we pride ourselves in ensuring that our customers know what they are buying before they buy it.