If you have valuable antiques, art, or other valuable items that you want to keep safe in your home, then you need to consider some precautions. Keeping these in mind can help to prevent loss of your most precious possessions as well as financial loss. Here are a few ways to keep your valuables safe.
Consider Your Home Insurance Plan’s Liability Limit
You might not like to consider the loss of your valuable possessions; however, if the worst were to occur, you do not want to risk significant financial loss, and a standard home insurance policy may not cover the entire loss of your valuables possessions. A typical home insurance plan may only cover approximately $1,500 in valuables against loss due to theft.
However, you can check your policy to see how much it covers and raise this amount if you choose. It is important to keep in mind that the overall amount that your policy covers may be higher, but often there will still be a separate limit that you can claim per individual piece.
Consider Purchasing “Rider” Coverage
In some cases, it may be appropriate to acquire additional “rider” coverage in addition to your standard home insurance policy. These “riders” are additions to your policy that provide supplementary benefits that can protect particular items against all types of loss, even including accidents. This can be a wise investment for protecting particularly valuable items such as jewelry, antiques, and artwork, among others.
Secure Your Valuables in Creative Places
If someone were to break into your home, chances are that they are not interested in a deep search of your home. Instead, they are likely to look in the most obvious places they will expect to find valuables, such as a safe and desk drawers.
Storing your valuables in a less predictable location, such as in file folders deep in a filing cabinet, old bottles and jars, or in a hollowed-out book, can help to prevent thieves from finding them. Just ensure that wherever you do choose to store it, it is safe from anyone else who lives in your home thinking it is trash and deciding to throw it away.
Protect Against Damage From Natural Disasters
Storms, earthquakes, and other natural disasters can cause a lot of damage to your home and your valuable possessions. In order to prepare, first, you should ensure that your valuables are stored in a safe location. For example, a basement may be at risk of flooding, so consider storing your water-sensitive valuables in a higher location. Next, take pictures of your items to act as proof for an insurance company should they suffer damage.
Taking the time to consider the safety of your valuables and whether they are properly insured can go a long way, both in preventing their loss and ensuring that you are financially covered should the worst occur.
For more information or an accurate valuation or appraisal of your property, contact Manzi Appraisers & Restorers. Our professional team has over 20 years of experience assisting people and companies with valuations, appraisals, and consulting services. Call us at 617-948-2577 and connect with us on Facebook.