Insuring Holiday Gifts

Insurance is usually the last thing on people’s minds, especially around the Christmas season. You are already spending so much on gifts, the last thing you probably want to do is spend more money.

Sometimes, some of those presents are high in value and you intend them to be around for a long time. Every person is different and must decide for themselves if insurance is right, but here are a few examples of when I would start to consider insurance:

1. Electronic devices are on just about everyone’s wish list and are among some of the priciest gifts. Smartphones, gaming devices, laptops, and tablets are just a few of many gadgets. Buying electronics is great for the family, but somewhere down the line one will get broken and the warranty will not cover you if it is your fault.

2. Jewelry is on just about every woman’s unspoken wish list. Whether they like simple or flashy, every woman would love jewelry for Christmas (hint hint fellas). Jewelry stores make it really easy to spend a lot of money on something that can easily be stolen.

3. When the gift is not worth the deductible. Like I mentioned earlier, your homeowners insurance will likely cover anything stolen but keep in mind, unless you have a separate policy, you will have to pay your homeowners insurance deductible.

4. If you just want to be safe. We all get put into situations where we do not know enough on a subject to make an educated decision. I’m always asking questions when deciding to purchase something because I just don’t know, and there’s nothing wrong with doing so. If this is you, you can call our agency with any questions you have about insuring Christmas gifts or other items at 610-933-4950.