December 22, 2006
Do You Need Extra Coverage?
Sometimes you may own something that is worth more than the set limit for that item on your policy. For instance, you own a piece of jewelry that is worth more than the set limit on your policy. In such a case, you can purchase additional coverage specifically for that item. This kind of separate coverage is usually referred to as a personal property endorsement or a rider.
When you purchase a rider for any item, there are a few things you must keep in mind. Firstly, you must be able to verify the cost and the condition of the item. For this you can have the item appraised. Next, don’t forget to take photographs and video of items for which you take a rider. They are useful in case you need to make a claim.
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