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Does my Homeowners Policy Protect my Family Heirlooms?


๐˜‹๐˜ช๐˜ฅ ๐˜บ๐˜ฐ๐˜ถ ๐˜ฌ๐˜ฏ๐˜ฐ๐˜ธ......๐˜ต๐˜ฉ๐˜ข๐˜ต ๐˜บ๐˜ฐ๐˜ถ๐˜ณ ๐˜ฉ๐˜ฐ๐˜ฎ๐˜ฆ๐˜ฐ๐˜ธ๐˜ฏ๐˜ฆ๐˜ณ๐˜ด ๐˜ช๐˜ฏ๐˜ด๐˜ถ๐˜ณ๐˜ข๐˜ฏ๐˜ค๐˜ฆ ๐˜ฑ๐˜ฐ๐˜ญ๐˜ช๐˜ค๐˜บ ๐˜ฉ๐˜ข๐˜ด ๐˜ญ๐˜ช๐˜ฎ๐˜ช๐˜ต๐˜ด ๐˜ฐ๐˜ฏ ๐˜ฑ๐˜ฆ๐˜ณ๐˜ด๐˜ฐ๐˜ฏ๐˜ข๐˜ญ ๐˜ช๐˜ต๐˜ฆ๐˜ฎ ๐˜ค๐˜ฐ๐˜ท๐˜ฆ๐˜ณ๐˜ข๐˜จ๐˜ฆ? โฃ
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โ€œ๐—œ๐—ป ๐—ผ๐—ฟ๐—ฑ๐—ฒ๐—ฟ ๐˜๐—ผ ๐—ฏ๐—ฒ ๐—ฟ๐—ฒ๐—ถ๐—บ๐—ฏ๐˜‚๐—ฟ๐˜€๐—ฒ๐—ฑ ๐—ผ๐—ฟ ๐—ฐ๐—ผ๐—บ๐—ฝ๐—ฒ๐—ป๐˜€๐—ฎ๐˜๐—ฒ๐—ฑ ๐—ณ๐—ผ๐—ฟ ๐—ท๐—ฒ๐˜„๐—น๐—ฒ๐—ฟ๐˜†, ๐—ณ๐—ฎ๐—บ๐—ถ๐—น๐˜† ๐—ต๐—ฒ๐—ถ๐—ฟ๐—น๐—ผ๐—ผ๐—บ๐˜€ ๐—ฝ๐—ฟ๐—ผ๐—ฝ๐—ฒ๐—ฟ๐—น๐˜† ๐˜†๐—ผ๐˜‚ ๐—ป๐—ฒ๐—ฒ๐—ฑ ๐˜๐—ผ โ€œ๐˜€๐—ฐ๐—ต๐—ฒ๐—ฑ๐˜‚๐—น๐—ฒโ€ ๐˜๐—ต๐—ฒ๐—บ ๐—ถ๐—ป ๐˜†๐—ผ๐˜‚๐—ฟ ๐—ฝ๐—ผ๐—น๐—ถ๐—ฐ๐˜† ๐˜„๐—ถ๐˜๐—ต ๐—ฎ๐—ป ๐—ฎ๐—ฑ๐—ฑ๐—ถ๐˜๐—ถ๐—ผ๐—ป๐—ฎ๐—น ๐—ฝ๐—ฟ๐—ฒ๐—บ๐—ถ๐˜‚๐—บ. ๐—ช๐—ถ๐˜๐—ต๐—ฒ๐—ฟ๐˜€ ๐—œ๐—ป๐˜€๐˜‚๐—ฟ๐—ฎ๐—ป๐—ฐ๐—ฒ ๐—ฐ๐—ฎ๐—ป ๐—ต๐—ฒ๐—น๐—ฝ ๐˜†๐—ผ๐˜‚ ๐—ณ๐—ถ๐—ป๐—ฑ ๐˜๐—ต๐—ฒ ๐—ฟ๐—ถ๐—ด๐—ต๐˜ ๐—ฐ๐—ฎ๐—ฟ๐—ฟ๐—ถ๐—ฒ๐—ฟ ๐˜๐—ผ ๐—ฑ๐—ผ ๐˜๐—ต๐—ถ๐˜€ ๐—ณ๐—ผ๐—ฟ ๐˜๐—ต๐—ฒ ๐—ฟ๐—ถ๐—ด๐—ต๐˜ ๐—ฝ๐—ฟ๐—ถ๐—ฐ๐—ฒ! โฃ
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โœจ๐—ช๐—ต๐—ฎ๐˜ ๐—ถ๐˜€ ๐—ฎ ๐˜€๐—ฐ๐—ต๐—ฒ๐—ฑ๐˜‚๐—น๐—ฒ (๐—น๐—ถ๐˜€๐˜) ๐—ผ๐—ณ ๐—ถ๐—ป๐˜€๐˜‚๐—ฟ๐—ฎ๐—ป๐—ฐ๐—ฒ?โฃ
A schedule is a โ€œlistโ€of personal items such as a coin, art, gun collection, jewelry or sports collections, that are worth more than your policy covers in the event of loss. It is an add-on to your policy that insures your valuables for what they are worth or replacement costs. โฃ
โœจ๐—ช๐—ต๐—ผ ๐˜€๐—ต๐—ผ๐˜‚๐—น๐—ฑ ๐—ต๐—ฎ๐˜ƒ๐—ฒ ๐—ฎ โ€œ๐˜€๐—ฐ๐—ต๐—ฒ๐—ฑ๐˜‚๐—น๐—ฒโ€ (๐—น๐—ถ๐˜€๐˜) ๐—ฎ๐—ฑ๐—ฑ๐—ฒ๐—ฑ ๐˜๐—ผ ๐˜๐—ต๐—ฒ๐—ถ๐—ฟ ๐—ฝ๐—ผ๐—น๐—ถ๐—ฐ๐˜†? โฃ
Any insured who expects to be compensated for the full replacement of items such as jewelry or collectibles. โฃ
Most insurance companies have max limits on personal items (referred to as special limits of liability within your policy), those limits are all you can collect regardless of value.... unless you have a โ€œscheduleโ€.โฃ
โœจ ๐—˜๐˜…๐—ฎ๐—บ๐—ฝ๐—น๐—ฒ: Say your policy has a cap of $2,500 in jewelry coverage (in the event of a loss, you would get a max payout of $2500- minus your insurance deductible) If you โ€œscheduleโ€ (list) your jewelry on your policy, you are covered for all risk and it is typically โ€œNotโ€ subject to the policy deductible. You would receive full replacement cost or agreed value depending on your loss settlement, remember without this extra coverage you get the standard limit minus your deductible! โฃ
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