Your home insurance policy can protect the personal property stored in your home or on your property. Let’s explore the benefits associated with insuring your personal items.
What is Personal Property?
Personal property refers to any items you have purchased or received as a gift. The amount of personal property protection you acquire is entirely up to you.
Typically, a homeowner’s insurance policy will protect items of monetary value and items that hold sentimental value. Commonly insured items include heirlooms, collectibles, furnishings, and jewelry. Furnishings that would be difficult to replace may also be added to a home insurance policy.
What Does Insurance Cover?
Personal property insurance covers items that are unexpectedly damaged. Here are some situations in which personal property coverage would be beneficial to a homeowner:
- Damage from inclement weather (hailstorms, hurricanes, etc.)
- Loss of property due to theft
- Damage from vandalism or other criminal activity
Filing an Insurance Claim
If any listed items on a home insurance policy are damaged or stolen, the property owner must contact an agent from the agency where the policy was acquired. The agent will initiate an insurance claim.
Insurance Assessment
An assessment will be conducted during the claims process to validate a home insurance claim.
The extent of damage will be determined. If any items are stolen from a residence, the person conducting the assessment may examine the police report associated with the incident. After an approved claim, affected personal possessions can be refurbished or replaced.
Contact an Insurance Agent in Honolulu, HI
Meet with one of our Innovative Insurance Resources agents for further assistance with a home insurance claim. An agent will explain your rights and benefits.
