Gifts That Keep on Giving: Protecting Your Precious Holiday Purchases

Unwrapping a treasured, high-value gift is exciting, but concerns about loss, theft, or damage can overshadow it. That’s why investing in precious item insurance is a wise choice. This coverage provides the protection you need to safeguard your valuable possessions, allowing you to enjoy the festivities without worry. Securing your investments with adequate coverage lets you prioritize creating wonderful memories with loved ones. 

Take a moment to consider how precious item insurance can improve your holiday experience and keep your celebrations fun and stress-free. While keeping prevention in mind, here are some holiday quick tips to keep disasters at bay before you gather around the dinner table with your family.

What Is Precious Item Insurance?

Precious item insurance is specialized coverage for high-value possessions. It protects what standard homeowners or renters insurance excludes or limits in standard policies. While general policies may include some coverage for valuables, they often have low limits and strict exclusions. Precious item insurance bridges these gaps.

If you are among the 41% of consumers who are planning to splurge on gifts for themselves or family members this holiday season, here are some categories of gifts that precious item insurance protects. Check with your insurance agent to thoroughly understand the details of your specific policy.

• Jewelry: Engagement rings, luxury watches, and heirloom pieces
• Electronics: High-end cameras, laptops, and smart devices
• Collectibles: Art, antiques, and rare memorabilia

These policies provide customized protection, as detailed below, shielding your valuable items from various risks. 

Risks of Not Insuring Your Purchases

High-value gifts are especially vulnerable during the holiday season. Accidents and theft are standard whether you’re traveling with a pricey gift or storing it at home.

Consequences of not having coverage may include:

• Loss during travel: Airlines and transit companies have limited liability for lost or damaged items.
• Theft: Burglars often target homes during the holidays, knowing gifts are plentiful.
• Damage: Fragile items like electronics or art can easily break during gift exchanges.

Standard homeowners insurance may not provide enough protection for your high-value gifts. While it does offer some coverage for personal belongings, the limits are often low and do not fully cover the replacement cost of your most valuable items. Precious item insurance provides additional coverage specific to your valuable possessions for such situations.

How To Choose the Right Coverage

Selecting the right precious item insurance requires careful consideration. Every policy is different, so understanding the specifics is crucial.

Follow these tips for selecting coverage:

• Get an appraisal: Accurately document the value of your items.
• Understand coverage limits: Ensure the policy covers the full replacement cost.
• Examine policy exclusions: Know what scenarios are not included in the coverage.
• Choose a trusted insurer: Work with providers experienced in valuable item coverage, like Dickstein Associates Agency.

Protect Your Investments Year-Round

Precious item insurance isn’t just for the holiday season. It offers year-round peace of mind for your most valuable possessions.

Long-Term Protection Tips

• Secure storage: Use safes or lockboxes to protect your items at home.
• Regular policy reviews: Update your insurance as items gain value or your collection grows.
• Ongoing maintenance: Properly care for valuables to prevent wear or damage.

Investing in insurance ensures your gifts remain cherished assets for years to come.

Take Action To Protect Your Treasures

Your precious holiday purchases deserve protection. Whether you’re giving an heirloom, a luxury watch, or a cutting-edge gadget, having the right insurance policy can save you from future stress and expenses. Please don’t wait until it’s too late. Contact Dickstein Associates Agency today to explore your options and gain peace of mind.

About Dickstein Associates Agency

We recognize the significance of providing a protective shield for your home. At Dickstein Associates Agency, we work closely with homeowners to tailor policies to their specific requirements using a variety of customizable dwelling coverages. We’ll review your options for acquiring the most appropriate homeowners insurance for your needs. Contact us today!