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Do You Need Personal Property Insurance?

August 1, 2018

Do You Need Personal Property Insurance?

Having insurance of any kind allows you the peace of mind that you will be protected when the unexpected occurs. Personal property insurance is no different! Let’s take a closer look at what personal property insurance is and why it’s important to have.

What is Personal Property Insurance?

Home insurance protects your home as a whole, and personal property insurance specifically protects the items inside your home. This coverage is for things like jewelry, furniture, appliances, cash, tools, computers, cookware, fitness equipment, and any other personal possessions that you keep inside your house. Personal property insurance can also cover items outside of your home, like patio furniture and valuable lawn décor. Extended policies are available for unique items that are not typically covered under a standard personal property insurance policy.

Why Do I Need Personal Property Insurance?

This type of insurance coverage is necessary for people who have particularly valuable items in their home, whether they’re antiques or expensive electronics. Personal property insurance is also beneficial to those who have high deductibles on their home insurance policies. If an item inside your home gets damaged, destroyed, or stolen and your deductible is high, you may find yourself paying most of what it costs to fix or replace the item out of pocket. Many personal property insurance policies have a low deductible, and some don’t even have a deductible at all.

What Damage Does Personal Property Insurance Protect Against?

There are plenty of ways in which the valuable items in your home can become damaged or destroyed. Personal property insurance covers many different types of damage:

  • Fire
  • Lightning
  • Hail
  • Wind
  • Explosions
  • Smoke
  • Theft
  • Falling objects
  • Vandalism
  • Vehicle damage

How Much is my Personal Property Covered For?

It is typical for personal property to be insured for about 20-50% of your home’s coverage limits. The amount of coverage needed varies from person to person and depends greatly on quantity and value of personal property in possession. Working with an insurance agent to customize your coverage is important if you want to be sure your most prized items will be protected inside your home.

American Heritage is your best resource for personal property insurance in Maryland. We are an independent insurance broker that has been in business for over 35 years. We pride ourselves on providing the superior service and personal attention that each of our clients deserves. For more information about personal property insurance, contact us today!

What Our Clients Say...

Over and above the time, effort and saved dollars that you put into earning our business – your careful attention to detail in getting our coverage right is what mattered the most. Thank you for educating me about the differences in coverage and for reallocating our insurance dollars to minimize our exposure while maximizing our policies.

- Eric L, President of Jeffrey Press, Inc.

Click here to view the areas that we serve

Frederick County: Frederick (21701, 20702, 21703, 21709), New Market (21774) , Mount Airy (21771), Urbana (21704), Ijamsville (21754), Walkersville (21793), Libertytown (21762), Damascus (20872), and more.

Howard County: Clarksville (21029), Columbia (21044), Cooksville (21723), Dorsey (21075), Elkridge (21075), Ellicott City (21043), Fulton (20759), Glenelg (21737), Glenwood (21738), Granite (21163), Hanover (21076), Highland (20777), Jessup (20794), Lisbon (21765), Marriottsville (21104), North Laurel (20723), West Friendship (21794), Woodbine (21797), Woodstock (21163), and more.

Montgomery County: Olney (20832), Damascus (20872), Laytonsville (20882), Silver Spring (20910), Clarksburg (20871), Gaithersburg (20878), Germantown (20876), Bethesda (20816), Chevy Chase (20815), and more.

Baltimore County: Arbutus (21227), Catonsville (21228, 21250), Cockeysville (21030, 21031, 21065), Dundalk (21222), Edgemere (21219), Essex (21221), Garrison (21055), Lansdowne (21227), Lochearn (21207), Lutherville (21093), Middle River (21220), Milford Mill (21244), Overlea (21236), Owings Mills (21117), Parkville (21234), Park Heights (21215), Pikesville (21208), Randallstown (21133), Reisterstown (21136), Rosedale (21237), Timonium (21093), Towson (21204), White Marsh (21162), Woodlawn (21207), and more.

Carroll County: Eldersburg (21784), Finksburg (21048), Hampstead (21074), Manchester (21102), Marriottsville (21104), Taneytown (21787), Union Bridge (21791), Westminster (21157, 21158), Mount Airy (21771), New Windsor (21776), Sykesville (21784), Woodbine (21797), Taneytown (21787), and more.

We also serve the rest of Maryland and the United States.