Get Anything Nice for Christmas? Insure it

by Steve Wilson on December 27, 2011 · 0 comments

in Homeowner's

If Santa left a new TV, video game system or other pricey gift under your Christmas tree this year, you may need to update your home or renters insurance coverage.

The electronics salesman at Wal-Mart or Best Buy will tell you every single detail and feature about the new big-screen, digital camera, or lightning-fast laptop, but what he won’t tell you that you probably don’t have enough insurance to replace it if it’s damaged or stolen.

Protect Your Holiday Gifts

For instance, homeowners who get a $2,500 laptop in their stocking may need a rider to fully cover it against damage or theft. This is because their home insurance policy may consider it a “luxury item.”

Similarly, renters need to be mindful of pricey items also. If your renters insurance only provides $1,000 in coverage and your new LED TV is damaged during a rowdy New Year’s Eve party, you probably won’t have enough insurance to replace it.

You’ve probably seen the Lexus commercial where a husband buys his wife a brand new SUV and wraps it in a huge red bow in the driveway. As you might have guessed, luxury cars cost an arm and a leg to insure, so if you’re one of the lucky few who got a new ride for Christmas, it might be a good idea to compare auto insurance quotes with Wilson Insurance Group and keep your insurance premium low.

Nobody wants to think about a topic like insurance before the Christmas spirit has completely worn off, but Santa would be mighty disappointed if your new LED TV goes up in smoke and your insurance isn’t adequate to replace it. So don’t upset Santa, otherwise you may get a lump of coal in your stocking next year.

In the old days, Christmas was all about families coming together and enjoying the Christmas spirit as a loving family–or so I’ve been told. But these days, Christmas is a time for eggnog and high-priced consumer goods, so make sure your valuables are covered 100 percent.

Have a Safe and Happy Holiday Season.

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