Well, the end of year Holiday Season has come and gone, but what about those expensive holiday gifts.

We all know if holiday presents were ever stolen from your vehicle or destroyed in a fire at your home, that loss is covered by renter, auto or homeowners insurance.

What about that expensive gift you received for the holidays? That fur coat, memorabilia, diamond ring, golf clubs or gold jewelry even silverware. The standard homeowners or renters policy has a dollar limit for theft on certain items, such as jewelry, cameras, and golf equipment, to name a few. For example the coverage for jewelry under the standard homeowners policy is only $1500. Not only does your standard homeowners policy limit monetarily for items that are more mobile but it also won’t cover mysterious disappearance or accidental loss.

The Scheduled Personal Property Endorsement helps close the gaps in the typical homeowners or renters policy. This optional coverage removes the deductible for your scheduled items and increases the limits of coverage. This endorsement also adds coverage against mysterious disappearance, accidental loss, and all causes of loss except those that are specifically excluded in the policy. Consider a valuable articles insurance policy, also called a valuable articles floater or a personal articles floater. At the very least you should update your inventory lists.

When looking for insurance for those holiday gifts you need to work with your insurance agent to get the best and most appropriate coverage possible.