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to Iron Mike: do you not understand the purpose of INSURANCE. Any amout of jewery by itself might not seem worth to insure however say your wedding rings/engagement which usually cost more than a simple heres a necklace purchase, you would think most would wan to protect this investment.
Secondly I am going to assume you do not have pets or ones that you care about bc if you did you would know when unexpected things happen the bill can be quite large making life that much harder. If I hadnt gotten pet insurance when my dog was 6 months old and at the vet for 2 days which translated into a $1600 vet bill plus extra vet prescribed foods - $300 a month for 3 months after leaving the vet, if i did not have insurance my credit card would ahve reached their limit & i would have faced financial difficulties. Having pet insurance saved me and allowed me to recoup 90% of my $1600 vet fee.
Learn the facts before you post your opinion.
Jewelry – I don’t have enough to insure
Computer equipment – My $399 five year old lap top, not going to insure that
Artwork – No artwork to insure
Specialty tools – Nope (I do have a hammer, a couple of screwdrivers and a 10 year old drill)Pets – Yes, mine are insured
~ sponsored by your local insurance company!
aside from the house, the items listed are quite lame as "requiring" insurance.
They are not covered on standard homeowner's insurance..
Pets????? This one is still in the air. While some policies MIGHT cover vet visits and liability in the home, I have yet to see a policy that covers liability outside the home in any amount worth talking about. We all know dog bite are a popular lawsuit theses days and can cost thousands. Most policies don't have much for coverage.
Jewels, yeah get them appraised and make sure you get the umbrella to cover them.
Computers, well, in a business setting yeah 100% get those insured, personal.....a decent renters or homeowners policy will cover them. The danger here is the information contained in those computers, separate policy for that.
The basic fact is, get the maximum coverage you can afford. This might mean shopping around and playing with deductibles and ASKING if there are ways to reduce the premium.
You all would be surprised at some of the smallest things that can get HUGE savings.
Yes, insurance companies are in it to make money, but, they are not here to rob you blind.
I know it is unorthodox in this world, but, ASKING questions is of paramount importance. If your agent can't or won't explain things to your satisfaction or in a way that makes sense, you need to seek out another.
A good agent will give you all the information they have to try and help you. THAT is our job.
Maybe I need to chack on the electronics piece.
It seems they like to set limits on everything to make you by more insurance, but hate to lose my camera collection.
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