Gifts that Need Insurance Coverage 

The holiday season is a time for giving; sometimes, the gifts we receive or give are valuable enough to warrant special attention. It’s crucial to consider whether these are gifts that need insurance coverage.

Jewelry

Whether it’s a sparkling diamond ring, a gold necklace or a luxury watch, these items can be quite expensive.

Standard homeowners or renters’ insurance policies often have limits on coverage for jewelry, so it’s essential to check your policy and consider adding a rider or separate policy to fully protect these precious items.

Electronics

High-end gadgets like smartphones, laptops and gaming consoles can be costly to replace if they are lost, stolen or damaged.

While some homeowners or renters’ insurance policies provide limited coverage for electronics, it may be wise to investigate additional coverage options or extended warranties to ensure your new tech is fully protected.

Art and Collectibles

Gifts like rare paintings, vintage comic books and toys, or a collection of valuable coins can be challenging to replace. They may not be fully covered under a standard insurance policy. Specialized insurance for art and collectibles can help provide the necessary protection.

Musical Instruments

Instruments like guitars, violins and pianos can be quite valuable and are often used regularly, increasing the risk of damage. Ensuring that your musical instruments are covered by insurance can help you avoid significant financial loss if something happens to them.

Contact Us

The items mentioned here are just a few examples of holiday gifts that may require additional insurance coverage. Contact Miller Insurance Agency in Beaumont, Texas, to learn more about insurance for Christmas gifts.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.