Does Home Insurance Cover Collections in the Home?

Collections are a big part of many people’s lives and making sure they are safe is a top priority. That being said, you may not know for certain if your precious collection is covered under your typical home policy. For those that live in the Diamond Bar, CA area, the agents with Western Insurance Marketing Corporation can help you to find the home policy that is right for you.

A very basic answer to the question is my collection covered is, yes, to a certain extent anyway. Collections are covered under contents and if you have a collection that is not impossibly pricy or hard to replace or get new pieces for, your basic contents policy may be all you need. If you have a collection of very rare jewelry however that is worth millions of dollars, you are going to want to get a specific collection policy that insures each piece.

For those that want to build in collection coverage for their collections on their home policy, you can always add the items to the policy and have them named specifically with appraised values listed. This is a great way to insure your collection if you do not want to get collection insurance for the specific pieces. You are going to have to take the time however to let an agent go over the collection and include supporting documents that list things like values and that prove you own the items as well.

Collections are a wonderful thing but you need to make sure that they are properly protected in your home. For those that live in the Diamond Bar, CA area, the agents with Western Insurance Marketing Corporation can help you find the policy that protects your home and your collection.

Will my home insurance cover the cost to replace my belongings in case of fire or theft?

When you purchased your home insurance policy from Western Insurance Marketing Corporation to protect your home in San Jose or Diamond Bar, CA, you may have been overwhelmed by all the details. Even if you went over the policy very carefully with your agent, you might not have understood everything. It can be confusing as to how losses are covered, especially when it comes to whether your insurance claim will be able to help you replace needed items that you have lost because of a fire or other event.

When it comes to insurance, there is a difference between actual cost and replacement cost. If you make a claim with the replacement cost, you would be able to repurchase the items new, so it would be as though you never suffered a loss. Unless you have specifically obtained a policy which allows for the replacement cost, though, you will more than likely be getting the actual cost.

When deciding a claim, the insurance company normally has to figure out how much the item would be worth now. To figure out how much you are owed, the insurance company takes the original value and then subtracts the amount the item has depreciated since that time. Depending on the item, that can make a significant difference. 

When it comes to protecting your home in San Jose or Diamond Bar, CA, you know what will work best for you. If you think you need additional protection, or if you have any questions about your existing policy, please contact Western Insurance Marketing Corporation today so that we can answer your questions and help you get started.

What Are the Components of a Basic Home Insurance Policy in the Golden State

Getting Down to Basics With Western Insurance Marketing Corporation

Many are attracted to our area of Diamond Bar, CA due to the name. What sounds more extravagant than a gold bar, why a diamond bar of course. Once here you will fall in love with the simple life that is offered which is idyllic to raise a family in.

With that in mind, our insurance company offers home insurance to help you gain much needed peace of mind as it pertains to the protection of your family, your home, and your assets.

A Basic Homeowner’s Insurance Policy in California

Before reading this section, bear in mind that there are several factors that will make your homeowners’ policy anything but basic. Add in a vocation which increases your income into the higher brackets, and you will need alterations. If you add any life factors in the policy, it will need to be amended. 

Basic Policies Consist of Two Sections

  • Property Coverage – This arm of the policy covers the loss of use of your home, your home in general, other structures on your property, and personal property that may be contained inside of your home.    
  • Liability Coverage – This arm of the basic policy covers personal liability if you are sued and medical payments to people you may have caused harm.   

In addition to home insurance, Western Insurance Marketing Corporation offers the following types of insurance products:

  • auto insurance
  • restaurant insurance
  • umbrella insurance

Whether you reside in Indio, West Minister, San Jose, or even Diamond Bar, CA or the surrounding areas, come in to get more information how you can insure an aspect of your life that is currently vulnerable or switch your insurance coverage to our firm.