New Orleans, LA residents are well aware of the damage that weather can cause. At Multisurance, we remember the aftermath of Hurricane Katrina and aim to help our customers prepare for future natural hazards. Your home insurance policy provides personal property coverage up to about $1,000, but you can increase this amount using riders, add-ons, and by scheduling items.
Understanding Personal Property Coverage
The small amount of personal property coverage that automatically comes with a home policy must cover your furniture, clothes, jewelry, etc. Some insurance policies allow you to increase the personal property component up to $5,000.
Most people don’t get enough personal property coverage unless you add coverage through riders and scheduling items. A rider to a policy adds custom coverage to a standard policy. When you schedule an item, you list it specifically with standalone coverage that pays for its replacement cost if it gets damaged or stolen.
Rider Example
Individuals who own a home-based business might add a home business rider to their homeowner’s policy to cover their business equipment, inventory, and other work-related items. Other riders include those for earthquake coverage, sinkholes, and pet damages.
Scheduled Item Example
Many people own only one or two pieces of expensive jewelry, so they choose to schedule each piece on their home policy. Typically, they list their engagement ring and wedding band or their engagement ring and anniversary ring. You can also schedule hobby equipment, such as camera equipment, guitars, etc.
Contact Us for an Insurance Review in Louisiana
Call or email Multisurance today for a home insurance review. Let us help you ensure that your homeowners’ policy protects everything in your New Orleans, LA, home.
