June 28th marks National Insurance Awareness Day, where we take a moment to reassess our home and auto insurance policies. In celebration of this day, we spoke to our expert Underwriting Team to discover what valuable items people often neglect to insure. The insights we gained will surprise you and prompt you to think about safeguarding items you might not have considered insurable before. Keep reading to learn how to enhance your insurance coverage for your most treasured possessions.
Jewelry
Protect your precious possessions, like wedding bands or family heirlooms, by including them in your insurance policy for peace of mind. Our experts recommend various ways to ensure your jewelry is covered, such as opting for an All-Risk Policy within your coverage or scheduling the item specifically in your homeowner’s policy. These methods provide different levels of protection and can offer full replacement value and deductible options. Don’t overlook insuring your valuable jewelry items for added security.
Animals
Insuring your pets goes beyond health coverage. Notify your agent when adding animals, big or small, to your family, as they can be unpredictable and lead to financial loss through accidents or injuries. Whether it’s a pony, cattle, or pet goats, including them in your insurance policy is crucial to safeguard your assets in unforeseen circumstances.
Newly Licensed Drivers – With or Without a Car of their Own
Adding newly licensed drivers to your insurance policy, even without a car of their own, is essential. Including them early on helps establish credibility as a rated driver, leading to better insurance rates in the future. Keeping your insurance agent informed when your child is away at college or completes specific driving courses can impact your premiums positively. Ensuring your teenager is covered in various scenarios is key to a smooth transition to independent driving.
Snowmobiles
Snowmobiling is a popular winter activity in certain areas of New York State. While it’s common knowledge that snowmobiles must be registered and insured by law, many are unaware that NYCM Insurance offers coverage for snowmobiles, including liability and physical damage. Ensure your snowmobile is protected under your homeowner’s policy and enjoy peace of mind while hitting the trails.
Automobile
Customizations
Customizations
Enhancing your vehicle with customizations like a plow, wheelchair modifications, or vehicle wraps can increase its value and require additional insurance coverage. Without proper coverage, customizations are subject to a $1,500 limit, so consulting with your agent about including endorsements in your policy is crucial for full coverage.
