The holidays are over, and some of you were very good this year so Santa treated you extremely well.
Christmas is a popular time to receive gifts such as jewelry, dirt bikes and new vehicles which may have limited or no coverage under your homeowners or auto insurance policy without specifically adding it.
Here’s a quick breakdown of some of the most popular holiday gifts we see each year that recipients should consider including in their insurance coverage.
Cars and Motorcycles
We all see those car commercials where a person wakes up on Christmas morning to see a new car in the driveway with a giant bow wrapped around it. The cool thing is that this actually happens in real life — maybe not always with the giant bow.
And if you got a new car or motorcycle for Christmas, you’ll definitely need to get it added to your auto insurance policy as soon as possible. You may have provided your insurance policy number to the car salesman, but it’s your responsibility to call your agent to add the vehicle to your policy.
ATVs, Dirt Bikes and Golf Carts
The thrill-seekers among us may have unwrapped the exhilaration of off-road adventures with ATVs or dirt bikes during the holidays. While these powerful machines provide endless fun, it’s crucial to consider the potential risks involved. Insuring your ATV or dirt bike ensures that you can explore the great outdoors with confidence, knowing that you’re protected against accidents, theft, or damage.
Many neighborhoods have become golf cart communities with accidents happening due to operator error.
These items are not covered under your homeowners policy. We can provide you with a policy to provide physical damage and liability coverage should something unexpected happen.
Luxury Watches and Jewelry
Precious jewelry and elegant timepieces often find their way into holiday gift exchanges. Whether it’s a stunning diamond necklace or a Swiss-made watch, insuring these high-value items can provide peace of mind and financial protection in case of loss, theft, or damage.
Most standard homeowners insurance policies have sub-limits for certain categories of personal property, and jewelry is often one of them. This means that there’s a maximum amount of coverage the policy will provide for jewelry in the event of theft, loss, or damage.
If you own valuable jewelry pieces that exceed the sub-limit, you may want to consider scheduling those items on your policy.
Artwork and Valuable Collectibles
Beyond the realm of everyday possessions, the holiday season may have graced you with unique and valuable artwork, collectibles or an addition to your guitar collection. While these items hold sentimental and monetary value, their protection may require specialized coverage beyond what a standard homeowners insurance policy provides.
Depending on the items you want to protect, we can help you find the right policy for the item and its monetary value.
If you were lucky enough to emerge from the holidays with valuable new “toys” this year, reach out and let us know what you got. We’ll make sure it’s protected and covered with the right policy for you.