Home owners insurance is designed to cover the structure of your home and the possessions within your home against destruction or loss. But the degree of coverage varies from policy to policy and by insurance provider. So the short answer to this question is yes. But you have to understand your policy to know what is covered and for how much.
Limits on specialty items.
Most policies will cover furniture and common possessions without much exclusion. However, if you have a rare antique or a very expensive sofa, it’s worth discussing with your agent to ensure you are protected. Also, things like collectibles, jewelry and electronics are limited in coverage – sometimes at very low limits. Again, the best plan is to discuss your possessions with your Provident Insurance agent. Create a list of all your unique possessions. Computers, musical, jewelry, artwork, etc., are all things you should itemize and have appraisals for so you can insure them properly.
Ultimately, the insurance company wants to be able to prove you own these things. An expensive grand piano isn’t an easy thing to fake. So if you had a fire and your grand piano was destroyed, chances are there would be remnants of its existence. But an expensive oil painting may be destroyed completely. So would a rare guitar or some gold jewelry.
Inventory your stuff.
Go through your home and inventory your possessions. List all your expensive items and if you don’t have appraisals for them. Get them. Another good idea is to create a video of the contents of your home. Use a camera or your smart phone and simply take a quick tour of your home, highlighting furniture, paintings and electronics. Then save this video in a safe place – like a cloud-based archive.
To learn if you have the appropriate insurance, contact your independent Provident Insurance agent. We serve Plainfield, Greenwood, Avon, Brownsburg, Indianapolis, Carmel, Zionsville and the entire central Indiana area. Stop in one of our convenient locations to discuss your insurance needs today.