Should You Get Personal Insurance?

Homeowners insurance is one of the best ways to protect your possessions. However, you may own some high-value items that it alone doesn't cover. Consider the following to determine if personal insurance may be right for you

Personal article insurance covers valuable items that your homeowners insurance may not protect, such as:

    Furs
    Jewelry, such as engagement or wedding rings
    Electronics, such as digital cameras
    Silver or other precious metals
    Fine art
    Sports and golf equipment
    Other items with high financial value (typically worth $1,000 or more)

As you're reviewing your possessions, consider making a home inventory. The list will be helpful in the event of theft or large-scale damage in your home. Include details of high-value items, such as make, model, value and purchase date. You may also want to take photos of each item and store your home inventory digitally.
Personal liability insurance

If an accident happens at your fault or on your property, you could face a lawsuit or damages. While your existing policies may provide substantial insurance liability limits, a personal liability umbrella policy could provide additional liability coverage beyond that provided by your auto, homeowners and other personal liability policies.
Personal insurance options

Personal insurance policies may be a good fit for those who have high-value possessions or those who don't want to risk potentially expensive personal liability.

For more information about purchasing these policies in addition to your homeowners policy, contact your State Farm™ agent.

Disclosures

Because insurance protection is a contract, any coverage descriptions in this article are general only and are not statements of contract. All coverage are subject to all policy provisions, including applicable endorsements.

This article is reprinted from statefarm.com     Brought to you by Karen Channell, State Farm

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