Does home insurance cover antiques?

Your home insurance policy will cover nearly anything that you can send its way. There are, however, instances where a policy may not pay for everything that you have lost. Antiques are generally covered by your standard home insurance plan in Houston, TX. You may not be satisfied with the amount that you receive to replace your prized possession when tragedy strikes, though. Such is the reason why you may want to consider additional coverage for your antiques as provided through Memorial Insurance Agency. 

The problem with antique items

The average home insurance policy places more value on modern goods. There is little issue with you claiming $1,000 for a desktop computer and receiving compensation to replace the item for said amount. The problem that arises with antique items is their inherent value that the ordinary home insurance plan does not recognize. A Chester drawer from the 1920s receives today’s market value for furniture pieces, which is well below the actual value of the piece. The possibility of you receiving less than half of what your antique items are worth is relatively high when you only have a standard insurance policy. Such is the reason for investing in additional coverage. 

How to adequately cover antiques

You should ask your insurance agent about an additional policy that pays the antique value for items in your home that have history. An appraisal of the goods that you want to classify as antique may be required before your home insurance provider is willing to insure the pieces for more than the average market value. Such a step in the process is worth it, however, when you are trying to ensure that you are not cheated in the end. 

Call Memorial Insurance Agency!

Our agents in Houston, TX can help you find the insurance policy that protects your antiques as well as other items in your home. Call today to get started with a quote for home insurance!