Protecting Valuables with Maine Homeowners Insurance

Do you follow movements in the price of gold? Unless you take a keen interest in the commodities markets you may not be aware how much your gold jewelry is worth at current prices. You may be at risk of being under insured if there has been a significant increase in gold prices since you last reviewed personal possessions coverage of your Maine homeowners insurance.

There are a number of steps you can take to guard against losses. To ensure that you have adequate insurance protection if a piece of valuable jewelry is lost:

• Have your gold jewelry appraised by a qualified expert to establish its current market value.
• Adjust your homeowner’s insurance personal possessions coverage so that it reflects the current market value of your gold jewelry.

To keep your possessions secure from burglary:

• Consider upgrading home security by fitting robust locks on window and doors and installing intruder alarms and spotlights triggered by motion detectors.
• Store jewelry and valuable documents in an in-floor safe or move them to a safe deposit box at a bank.

A local insurance agency can offer guidance on adjusting Maine homeowners insurance coverage and discuss your options for enhancing home security. It’s worth noting that installing security devices like alarms may qualify you for discounts that reduce the cost of homeowner’s insurance premiums.

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