Protect Your Presidents’ Day & Valentine’s Day Purchases

Between Valentine’s Day gifts and Presidents’ Day auto sales, February is a popular month for meaningful purchases. If you’re planning on adding something new to your life — whether it’s a piece of jewelry or a new vehicle — it’s worth making sure it’s properly insured. In fact, many of these purchases should have insurance before you gift the item or begin using it, so it can be worth thinking ahead about your insurance needs. 

      Here are a few quick reminders:

• Jewelry, fine art, or collectibles may require separate coverage to ensure full protection beyond your standard homeowners policy. Adding a rider to cover valuable items can make sure that you would be reimbursed the full appraisal value of the piece if something were to happen.
• If you’ve purchased a new vehicle, know that many insurers automatically extend your current coverage to a newly purchased car for a limited time — anywhere from seven to 30 days. However, before your grace period ends, you’ll need to be sure your new car is fully added to your auto policy and that your coverage is keeping up with your new vehicle. Additionally, if you’re getting rid of an older car as you purchase a new one, you’ll want to make sure the older vehicle is removed from your policy.
• Keep records of receipts, appraisals, and serial numbers. Not only will you need key records to establish your policy, but having all of your information organized can make filing a claim much easier, if necessary. 

We’re here to help you get your planned purchases properly insured this February. Additionally, if you have any recent purchases you’ve been meaning to insure, we can help you make sure you’re covered after the fact. Just give us a call, and we can find a time to connect, 513-741-3244.