If your car is stolen or totaled, and it had some of your possessions inside, you generally are not going to be going to your auto insurance provider to get those items replaced.
That being said, there are certain items that you might be able to include on your auto insurance with the value of your car. A spare tire, for instance, might be included with the value of the car as, after all, it was part of the sticker price. But you generally won’t be writing an itemized inventory of everything that you keep in your car and turning that into your Bloomfield, NJ auto insurance agent.
Certain modifications and add-ons can be insured, as well. Again: With the total value of the car.
Fortunately, most of your possessions will be included in your home insurance, condo insurance, or renters insurance policy. If you have them included in your inventory, then it doesn’t really make a difference to your provider if the item was damaged or lost at home, or while it was in your car. You need to keep an up-to-date inventory as there’s no guarantee that an item will be covered without letting your home insurer know what they’re protecting. But your home insurer will cover possessions in your car as well as your home. This doesn’t mean it’s a good idea to leave expensive items in your car. Past a certain point, this can be regarded as negligence on your part, but your possessions are covered even in your vehicle.
If you’re still shopping around in Bloomfield, N.J. for an auto insurance provider, get in touch with us at E.S.T.I.R. Inc. At E.S.T.I.R. Inc. we can compare quotes and get you the insurance you need.
Remodeling your Bloomfield, NJ home will impact your home insurance. Some projects can lower your rates while others may increase your premium due to your home requiring more coverage. By discussing your renovation plans with an agent from E.S.T.I.R. Inc., you’ll have a better idea of how to adjust your policy to include remodeling projects. Here are a few ways renovation projects can affect your home insurance.
Raise Home Value
Major home renovations involving your kitchen or bathrooms can raise the value of your Bloomfield, NJ home, especially if you use costly materials in your project. Depending on your current home coverage, you may need to increase the limit of your dwelling insurance to safeguard your property against damage or loss. You’ll also need to add renovations to your coverage so they’ll be protected by your policy.
Increase Property Coverage
If you bought new furniture or high-end electronics as part of your remodeling, you may need to expand your property insurance to cover these items. Sometimes the value of costly items exceeds the limits of a standard home policy, requiring that you purchase extra insurance to protect these goods from theft or harm.
If you’re storing expensive carpentry tools and supplies in your garage while working on DIY projects, make sure they’re protected by your property insurance coverage. You should also review your liability coverage to ensure any handyman friends who are helping you on your project are protected against accidents.
Remodeling projects can increase or decrease your home insurance costs. Projects that enhance safety like a new roof or plumbing system could help reduce home insurance costs. In contrast, adding a pool to your home can increase your premium due to the risk of pool accidents.
For help in purchasing or updating your home insurance in Bloomfield, NJ, contact us at E.S.T.I.R. Inc.