There are many things that run through your mind upon receiving a valuable Christmas gift—how grateful you are to receive it, how lucky you feel to have such thoughtful people in your life, and perhaps how surprised you are to have received something so generous. You probably also find yourself looking forward to using or showing off the item.
However, one thing that most people don’t think of is insurance. In such a magical season, it can be hard to let your mind stray to practical matters, but if you truly appreciate a valuable gift, you may want to consider protecting it.
Not every gift requires insurance of course, but here are the top three that you might want to consider protecting.
Jewellery is an extremely popular gift. What better way to make the holidays special than by presenting a loved one with an engagement ring, family ring or pendant, or other piece of fine jewellery?
If you are lucky enough to be on the receiving end of such a gift, you will undoubtedly want to insure it. All of your fine jewellery should be insured against theft, damage, or loss. While nothing could replace your original piece, it’s nice to know you could make a claim if anything happened.
Electronics and Furniture
Electronics have become such a mainstay in our everyday lives that many people don’t think to insure them, whether they received them as a gift or did the purchasing themselves. However, in the event of a break-in, electronics are an immediate target.
In addition to taking security precautions to protect your home against theft, you should insure any electronics, or furniture items, you receive as a gift this Christmas. If you do lose a stereo system, computer, smart phone or other electronic item, you’ll want to be able to replace it quickly and easily, and that’s where your insurance company can help. Once the holidays are over, look at incorporating these items into your general home insurance policy.
Artwork and Collectibles
Another gift that you will want to insure is artwork and other similar collectible items. If you are lucky enough to receive an original artwork, a rare print or collectible, or a valuable antique item, you should call your insurance company to see if you need separate insurance for the piece, or if you can add it to your home insurance policy.
These items can carry a great deal of value—value that will likely only increase over the years—and can be difficult to replace. In the event of loss, they can be difficult and expensive to replace. Antique decorative items can be delicate and breakable as well, leaving them vulnerable. Insurance will help you to source a suitable replacement, or at least cover the value of the loss so that the gift was not in vain.
Are you ready to insure your Christmas gifts? Contact us at Sadler Insurance and we’ll help you get started.