Eureka! There's Gold In Them There Hills

Gold has Hit a Record High....How many times a day do you hear that on tv, radio or read it in print or on the web? 

Your first thought is to rummage through your jewelry and collectible boxes to see what you may have to sell.  Your second thought should be about your homeowners policy. 

What??

Valuable items can be specifically insured on your homeowners policy, with a value attached to them.  If your independent agent had recommended that you purchase the additional protection for your valuables, what value is on your items?  If you haven't reappraised that Rolex watch or the heavy 18K gold necklace you've owned since the beginning of time, there's a good chance it's underinsured.

Have you purchased firearms, artwork, antiques, golf clubs, stamps, coins or other valuables since you first purchased your homeowners insurance policy? If so, you may need extra protection for those items.  The truth is that in a difficult economy, the number of thefts is on the rise. The best way to protect a valuable article is through a schedule on your policy.

Most basic policies cover valuable items but have limits on not only the dollar amount of losses but also the type of loss that is covered. So if the value of your possessions exceeds those ceilings, consider a personal-articles floater addition to your home policy.

Talk it over with your Trusted Advisor.  Scheduling each piece or item may cost a bit more in premiums, but it offers broader protection because the floater covers losses of any type, including accidental losses—such as dropping your ring down the drain of the kitchen sink or leaving an expensive watch in a hotel room—that your homeowners insurance policy will not cover.

Now, get back to looking for your gold!  I hope your prospecting pans out!