How to Protect the Things You Cherish

protecting valuable posessionsDo you know the most popular time to receive jewelry? You guessed it – February.  Now, do you know if your homeowner’s or renters’ insurance policy protects your jewelry? Whether you said “yes” or “no,” you are correct.

Here’s why: Your homeowner’s policy only provides limited coverage on certain high-value items. You may not receive the full value if a loss occurs. Scheduled Personal Property (SPP) insurance, sometimes called a floater, provides additional coverage of valuables – above and beyond what your home insurance provides.

Here are some very important advantages with Scheduled Personal Property plans:

    • Scheduled Personal Property (SPP) offers much broader coverage for your precious items – if you misplace a set of earrings, they are covered; if a diamond falls out of a ring, or a guitar neck breaks, they’re covered.
    • There is no deductible if the covered items are stolen, lost, or damaged.
    • SPP provides a replacement for the actual appraised value of the item.
    • SPP usually costs about one to two percent of the item’s value.

And, Scheduled Personal Property insurance isn’t just for jewelry; you might need the endorsement if you have:

    • Fine art
    • Furs
    • Coin or stamp collections
    • Expensive cameras
    • Firearms
    • Fine silverware
    • Sporting equipment
    • Antiques

And even if you already have gold and jewelry or a rare watch covered with Scheduled Personal Property coverage, you may need a review. Gold and diamond prices have climbed the past few years and you may not have enough protection for their new value.

By nature, many of us are collectors of stuff, and much of that stuff is valuable. Whether you have purchased your priceless items from exotic locations around the globe, inherited them or painstakingly monitored eBay to find them, you no doubt want to protect them.

 

TAKEAWAY: Don’t wait until your precious items are lost, stolen or damaged to find out if you have enough coverage to replace them. Contact CalCas Customer Service today, at 1.800.800.9410 option 3, or www.calcas.com/customer-service.

 

If You “Put a Ring on It”, Insure It

If You “Put a Ring on It”, Insure It

February is the month of love. If you choose to show your love with an expensive piece of jewelry, you’ll want to protect that enduring representation of your love.

One of the best ways is to purchase scheduled personal property (SPP) insurance, sometimes called a floater.

Here’s why: While your renters or homeowners insurance policy covers jewelry for theft or being destroyed in a fire, that coverage is limited. The average Valentine’s Day ring or necklace purchase is about $1,500, the average spend for an engagement ring is $6,000.

Scheduled personal property insurance provides higher coverage for your precious items, like high priced jewelry with coverage above and beyond what home insurance provides.

And, here’s the best part, SPP pays even if that prized piece was accidentally lost or damaged – such as losing a diamond down the sink or toilet. There is no deducible and SPP provides a replacement at the full insured amount. SPP usually costs about one to two percent of the item’s value.

Scheduled personal property isn’t just for jewelry; you might need the endorsement if you have:

  • Fine art
  • Furs
  • Rare coins or money collections
  • Expensive cameras
  • Firearms
  • Fine silverware
  • Stamp collections

And even if you already have gold and jewelry or a rare watch covered with scheduled personal property coverage, you may need a review. Gold and diamond prices have climbed the past few years and you may not have enough protection for their new value.

Don’t wait until your precious items are lost, stolen or damaged to find out if you have enough coverage to replace them; contact a representative today.

 

This article is furnished by California Casualty, providing auto and home insurance to educators, law enforcement officers, firefighters and nurses. Get a quote at 1.866.704.8614 or www.calcas.com.

 

Insurance Tips for Newlyweds

Insurance Tips for Newlyweds

June through September is the peak of wedding season in the United States. Every year  2.1 million couples tie the knot. That breaks down to nearly 6,000 weddings a day!

If you have a special day coming up in the near future, be sure you make all of the appropriate changes to your personal documents, property, and information, so your new bride or groom is represented. These changes also include your insurance.

So, to make it quick and easy here are some insurance tips for newlyweds. Some could even end up saving you some money.

  1. Combine Your Insurance

If you have separate cars with different insurance companies, you’re eligible for discounts by putting both vehicles on the same policy. It also ensures that both drivers are covered no matter which car they use.
PRO TIP: You can save even more by bundling your autos with your home or renters insurance.

  1. Check for a Marriage Discount

Inform your insurance company of your marriage – most auto and home insurance companies offer important discounts for newlyweds. Men under the age of 25 are usually considered high risk drivers. However, once they marry, they often see a big drop in insurance premiums. Lower rates can also apply to those in domestic partnerships.

  1. Increase Homeowner or Renters Coverage

Wedding presents are wonderful! You now have a new set of dishes, expensive new appliances, and other valuable items for your home. Don’t forget, these assets need to be covered. Talk to an insurance advisor to make sure you have enough coverage to protect all the things you own and to increase your liability protection. It’s also a great time to create an inventory of all the things you own to help you purchase the right insurance protection and make filing a claim much easier.

  1. Get Extra Protection for High-Value Items

That beautiful new wedding ring and special gifts like fine art or silverware may need scheduled personal property protection, often called a “floater,” to make sure they are covered for their full value. Most homeowners and renters policies will provide limited coverage for those items. Scheduled personal property coverage will also pay to replace a ring, without a deductible, even if it was misplaced or damaged in the disposal.

Just like marriage, California Casualty is a committed partner in helping with your auto and home insurance needs. One of our advisors can walk you through everything from combining your vehicles to completing a name change.

This article is furnished by California Casualty, providing auto and home insurance to educators, law enforcement officers, firefighters, and nurses. Get a quote at 1.866.704.8614 or www.calcas.com.

 

If Disaster Strikes – Are You Ready?

If Disaster Strikes – Are You Ready?

Disaster can strike at ANY time during ANY season. So, each year we are here to remind you to prepare for disaster situations in your home and communities.

 

BE PREPARED: Before an emergency or natural disaster strikes, here are 10 things you can do:

  1. Plan and save for the unexpected financially.
  2. Sign up for emergency alerts in your area.
  3. Map out and practice using several different evacuation routes.
  4. Have a safe location planned for shelter if your town is evacuated.
  5. Plan for your pets and know where they will stay if you are evacuated. Here are some pet-friendly hotels.
  6. Have a plan where you and family members will meet and how you will communicate if you become separated.
  7. Create an emergency kit, that meets your family’s particular needs.
  8. Complete a home inventory and document all of your belongings (clothing, mattresses, bedding, kitchen appliances, furniture, electronics, etc.).
  9. Back up important phone contacts and photos physically or on The Cloud.
  10. Check your insurance coverage with an advisor, to make sure you’re adequately covered or add protection (ex. Home, Renters, Auto, Flood, Earthquake, Floater, and Umbrella).

 

BE READY: If you need to evacuate:

  • To find local shelters download the FEMA app, text SHELTER and your ZIP code to 43362 (ex. SHELTER 12345), or visit the American Red Cross’ website.
  • Contact California Casualty as soon as possible and save all receipts for living expenses, such as hotels, meals and other essentials.
  • Monitor local media about conditions, further evacuations, or when it might be safe to return home.

 

BE SAFE: When you return home, there are many potential dangers, such as:

  • Dangerous toxins, and debris
  • Mold
  • Gas leaks
  • Electrical shock
  • Poisonous snakes or other animals
  • Structural instability and collapse
  • Sewage and chemical tainted water

 

GET HELP: If you need recovery help afterward:

 

Though it is National Preparedness Month, it is important to remain prepared every month of the year. An emergency or natural disaster can strike at any time or place; and if it does, please remember, you are not alone. California Casualty is there when you need us most, to help make sure you and your family are covered.

This article is furnished by California Casualty, providing auto and home insurance to educators, law enforcement officers, firefighters and nurses. Get a quote at 1.866.704.8614 or www.calcas.com.

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