For homeowners with valuable items like jewelry, art, and antiques in and around the Lynnwood, WA area, standard home insurance may not adequately protect these treasures. In the event of loss, theft, or damage to these high-value possessions, homeowners may face significant financial losses if they haven’t taken the necessary steps to schedule these items separately. 

The Importance of Scheduling High-Value Items

Scheduling high-value items is a process of listing and separately insuring each valuable possession on the home insurance policy. By doing so, homeowners can ensure that these items receive adequate coverage and are protected against a broader range of risks. Critical considerations for scheduling valuable items include:

1. Accurate Valuation: Scheduling valuable items requires an accurate appraisal or valuation to determine their worth. This valuation ensures that the item is insured for its total value and can be replaced or repaired in case of loss or damage.
2. Specific Coverage: Scheduling items separately allows homeowners to specify the coverage needed for each possession. When dealing with insurance, everything must be specific. This can include coverage for accidental loss, theft, mysterious disappearance, and even coverage for damage caused by regular wear and tear.
3. Comprehensive Protection: High-value items may be more risky than standard household belongings. Scheduling these items separately can provide complete protection, even if the damage or loss occurs outside the home, such as while traveling or on loan for the exhibition.
4. No Deductibles: Scheduling valuable items often comes with the advantage of no deductibles. In the event of a claim, homeowners won’t have to pay any out-of-pocket expenses before receiving compensation.

Sound Choice Insurance Agency Inc Can Help You

Here at Sound Choice Insurance Agency Inc., we can answer all your questions concerning homeowners’ insurance. We assist the Lynnwood, WA region. Contact us today.