Insurance Blog | Stratford Insurance

Imagine the holiday magic filling your home as you gather with family and friends, exchanging gifts wrapped with care and anticipation. Yet, amidst the laughter and the sentimental glow of treasured moments, there's an aspect often overlooked—the need to protect these newfound valuables. Picture this: among the joyous bustle of gift-giving, you unwrap a jewelry box bearing a vintage necklace, a family heirloom that instantly becomes priceless to you. Or perhaps it's the thrill of unveiling the latest tech gadget, something you'd dreamed of owning all year. Each carries its sentimental and monetary weight, making it vital to consider how these treasures are protected.

Update Your Coverage

The joy of receiving high-value items, such as jewelry or electronics, should come with the reassurance of knowing they're covered. If your existing homeowners or renters insurance falls short, consider adding a personal articles policy or endorsement. This update can ensure that these valuable items are shielded from unforeseen risks, offering you peace of mind amidst the holiday celebrations.

Keep Receipts and Appraisals

Imagine the scenario: you need to file a claim for a valuable item that’s been lost or damaged. The first question asked by insurers will likely be, "Do you have proof of its value?" Keeping receipts and getting appraisals for high-value items can significantly ease the claims process. Securely storing these documents—perhaps digitally or in a fireproof safe—could save you time and headaches.

Act Quickly

The holiday season is frenetic, isn’t it? But amid this whirlwind, don't delay in updating your insurance policy. Many policies have time limits for adding newly acquired or gifted valuables, often as short as 30 days. Acting quickly ensures these valuables don't slip through your coverage gap.

Taking these proactive steps to secure your holiday valuables might sound daunting at first, but rest assured, it's simpler than it seems. The comfort of knowing your treasures are safeguarded allows you to enjoy the festive season fully. Now’s the perfect time to review your insurance policies. Before the New Year sweeps in, contact your insurance provider to confirm or update your coverage. Your treasured moments deserve nothing less than comprehensive protection.