You Bought Something Expensive. When Does Your Insurance Need to Know? 💎

Buying something special is exciting. Discovering later that your insurance does not fully cover it is not. That is why expensive purchases deserve more than a receipt in a drawer.

Jewelry, fine art, collectibles, cameras, musical instruments, and other valuable items can have specific limits or coverage conditions under a homeowners policy. The details vary by policy, so assuming everything is automatically covered for its full value can be risky.

There is another reason to tell your agent: documentation matters. Keeping receipts, appraisals, photographs, or other records can make it easier to establish what you owned and what it was worth if a covered loss occurs.

You do not need to call your agent every time you buy a new coffee mug. But a major purchase is different. 💰

Bought something valuable recently? Give Agent Bill Schmauch from State Farm Insurance a call and ask whether your new purchase needs special attention. 👨‍💼


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