When looking around your Dallas home, you may realize that over the years you have collected some highly valuable items, in either monetary or sentimental worth. You may want to talk to your insurance agent to find out if the standard coverage in your homeowner’s policy would be enough to cover your more expensive personal items. Chances are it these possessions are not covered, and you may need to consider purchasing endorsements.
Typically, standard homeowners’ insurance has a limit on what it will pay out for the loss of personal items. Should the value of your personal belongings exceed your policy limits, you may need an endorsement to financially protect those items if they are lost or stolen. The new wedding ring you got for a milestone anniversary, for example, or the gold watch awarded to you upon your retirement may need endorsements, as their value may exceed your policy limits.
The original Salvador Dali your eccentric uncle left you might need to be appraised and insured separately. The century old sterling silver you inherited from your grandmother may need an endorsement for adequate financial protection.
While you may never be able to replace the sentimental value of your most treasured belongings should they ever be lost or stolen, at least you can obtain protection so that you may be reimbursed for what they are worth in dollars if you purchase the right endorsements to your homeowner’s policy.