Homeowners insurence?

Question

Is it a good idea to add my new funiture to my homeowners insurense?

Answer 1

Most policies offer coverage of your personal belongings between 50 and 70 percent of the amount you have on your home. You should conduct a home inventory before you purchase insurance, so that you can determine what amount is needed. Most policies cover your possessions anywhere in the world.

Answer 2

Doesn't your homeowners policy already provide coverage for contents? It is a percentage of the face value of your coverage. If you desire to include furniture as a special item you pay an additional premium for the coverage. I can see it applied for an expensive mink coat, but not furniture. Better look at your policy carefully so that you understand what you have protected.

Answer 3

your insurance will already have a set amt to pay you for all your household goods...the only things you should add to a policy are things that are valuable. (jewelery, cameras, electronics,  paintings, etc...) your furniture may be valuable to you, but for insurance it's not.

Answer 4

If you have homeowners, likely you don't NEED to add the new furniture.  You already have 'contents' coverage built in.

Talk to your agent.

Answer 5

In addition to what Chrys said you may want to keep the receipts and take pictures of your furniture and other household goods just to establish a record in case you need to file a claim.  Had a family loose their house and everything in it a few years ago and they had to declare everything lost right down to the last pair of socks to get it covered.  It took them a week just to fill out all the paperwork.