Contents And Personal Property Insurance
You may think getting the right home insurance means just calling an agent, giving him your address, what year the home was built, and some details on the property is enough. Getting the right St Louis MO Home Insurance is important to protect you, your family, and your home – if there is a loss. Selecting MJM Insurance® of St Louis City is your best choice for licensed insurance agents who can provide you comprehensive homeowners insurance.
Think about your existing policy – did your agent come to your home and take photos? What if you have an above ground swimming pool and it collapses, flooding your basement? What if your neighbor’s tree falls on your home? Do you have a record of the content in your home and how it is covered by your homeowners insurance?
It is imperative to discuss the above scenarios, and other areas about your property with your agent. MJM Insurance® of St Louis City can help you identify items in, and around your home, that may, or may not, be covered.
First, if you own your home, contents or personal property insurance will be part of your overall house insurance policy. If you rent, it’s still important to get contents insurance as your landlord’s building policy will not cover your belongings There are many options when it comes to insuring the contents of your home. Understanding the coverage you need and the pros and cons of the major insurers will help you get the best coverage for the best price.
Start by performing a proper valuation of your contents. Take photographs, videos and make a complete list of your personal items. Save receipts and/or record the dates purchased and the purchase price. It is important to have an estimate value of your belongings recorded with your insurance policy. If you combine contents insurance with a house policy, the contents portion is often valued at a percentage of the house value. If you do not establish a detailed valuation of your assets, it may leave you under insured or paying premiums that are too high.
The most common mistakes homeowners make are thinking their home insurance policy covers everything and do no seek the services of a professional insurance agent. It is important to understand the limitations of your coverage. Regardless of the contents policy you choose, it may not cover every loss situation or every asset. Your MJM Insurance® of St Louis City insurance agent will explain the “exclusions or limitations” of your homeowners insurance policy and make so that you have any additional endorsement to ensure you are covered.
Expensive artwork, jewelry, and other “collectibles” may need to be insured separately. If you’re a collector of antiques or vintage items such as sports cards or antique glass, your collection will most likely not be fully covered under a standard contents policy. You may be able to obtain a rider on your policy to cover the collection, or you may have to obtain separate insurance for it. This is also true for large art collections and expensive jewelry. If the collection is worth several thousand dollars or irreplaceable, you should have the items appraised. The appraisal certificate will be required by the insurance company to verify the contents exist. We recommend keeping all your paperwork in a safe location, so that they are accessible in the event of a loss.
Beware of the commercials that advertise “home insurance for as little as $$$ a month”. These low-cost policies may only cover the minimum, leaving you at great risk. Don’t settle for cheap insurance and lose the proper coverage, customer service or timely claims payments. Your home insurance is going to be in place for a long time, so choose a company with a good reputation and a policy that meets your coverage needs.
With a combined experience of over 60 years in the insurance industry, our agents are knowledgeable and competent to find the best coverage for the lowest price. MJM Insurance® of St Louis City proudly represents many of the industry’s leading national and regional insurance companies offering competitive rates through AAA, Travelers, Safeco, EMC, Kemper Preferred, Progressive, The Hartford, West Bend, Chubb and dozens more.
Normal office hours are Monday – Friday from 9 am to 5 pm. Our agents are available for after hours appointments and Saturdays as requested. We are dedicated to providing the most exceptional and timely customer service in the industry!