,

Heuer Insurance Agency’s July Newsletter

Letter from Heuer

As I sat here this morning working the emails that had come in over the weekend I overheard a conversation out in the office and it really made me sit back and think. How can it be July 1st already?! I swear the years are getting shorter and shorter.  It seems as if time is more valuable than ever and we continually get less of it. That said, we will be adjusting our hours for the upcoming Holiday weekend in order to spend a little more quality time with our families and friends.

In observance of the upcoming Holiday we will be closed Thursday, July 4th and open from 9:00am – 4:00pm on July 5th. Should you need to contact us while we are our closed I invite you to visit our website where you will find self-service options that should get you by until we are able to help you. We hope you enjoy a safe and happy Independence Day weekend.

 

 

Adam and Larry were a featured story on the Someone to Know segment on KTVN Channel 2. Here’s a link in case you missed it. This was a great opportunity to reflect back on just how special it is to be a 4th generation locally owned and operated company. Check out the feature here:
https://www.ktvn.com/story/40605435/someone-2-know-adam-heuer

Industry 101

It might surprise you to know that an unendorsed homeowner policy has limits of coverage for theft of certain types of personal items such as jewelry, watches, furs, and firearms. Coverage for items like coins and stamps can be limited to a special limit of coverage no matter what the cause of damage is.

A common limit for theft of jewelry, watches, furs, precious and semi-precious stones on a homeowners policy is $1,500. Not to mention, your policy deductible would apply to this type of loss. If you misplace those items as opposed to a loss by theft, you may not be covered at all under your normal insurance coverage.

No need to worry though, different types of additional coverages are available. Many carriers offer endorsements that will increase the limit of coverage for losses to jewelry, money, firearms, furs, and more. Other additional coverages are available for purchase to cover a particular item on your policy at a specific amount. This type of coverage is called a scheduled personal articles endorsement.  A personal articles schedule provides broader coverage and in most cases does not include a deductible.

Here are some steps to make sure your valuables are properly insured in the New Year:
• Take inventory of your belongings. Make a list of valuable items that you have and make sure items you no longer own are not on your policy if you have an existing scheduled property endorsement. Be sure to determine the current value of your items.
• Discuss with your agent what types of additional coverage may be right for you. Your independent agent may require an appraisal for some items. This ensures that there is no discrepancy in the value or replacement cost of the property.
• Consider coverage for items such as electronics, musical instruments, and artwork. Cell phones, laptops, cameras, and many other types of property can be insured on a personal articles coverage endorsement.
If you experience a loss, additional coverage for certain property items can save you a lot of trouble in the long run. The more accurate and updated your policy and coverages are, the easier it is for your claims to be handled quickly and efficiently.