If you travel to a particular place and live there forever, what will you bring? Possibilities are you’ll choose your most valuable items. This includes your expensive watch, valuable camera, engagement ring, and much more.

It’s clear how crucial these items are to you. That’s the reason why your renter’s or home insurance Murfreesboro TN offers special coverage for these items. This coverage is also known as additional coverage.

However, this can be a bit overwhelming. What are the covered items? What is not included? Well, today, we are going to talk about this.

Additional Coverage

From the name itself, additional coverage it a bit of additional insurance coverage for your valuable items. The reason for this is that several of your valuable items require a bit of additional TLC.

Here are some of the benefits you can get from an additional coverage:

  • Coverage against any physical damage that is accidental
  • Coverage against loss that is accidental such as theft

Of course, this sounds great for you.

However, you have to keep in mind that these damages or losses aren’t covered under your basic coverage. Thus, if your luxurious wedding ring falls off, your renter’s insurance or homeowner’s insurance will not cover you.

Also, if your ring got stolen, your basic coverage will only cover up to $1,000.

Because of this, it is best to add additional coverage to your policy.

Items You Can Include Under Additional Coverage

In general, additional coverage is provided for several items. However, the sky is not the limit. There are a lot of categories you can consider. This includes watches, instruments, bikes, and much more.

However, you cannot insure every single one of your items. Thus, if you’ve got a jewelry box or a musical instrument for a band, you have to choose what’s best for you.

Wedding bands and engagement rings are one of the most scheduled personal property items. You should keep in mind that the ring will not be covered automatically under your renter’s or homeowner’s insurance policy if you purchased your partner an engagement ring.

One tip to follow is to add your fiancée to your insurance policy as an additional insured. The reason for this is that it will only be covered if their name is on your policy if your partner loses the ring while in their possession.

What Forms of Damages and Loss Are Covered Under It?

One of the major benefits of additional coverage is that it covers cases your basic homeowner’s or renter’s insurance policy does not. This includes accidental loss or damage.

Thus, your additional coverage will have your back if you forgot your expensive camera somewhere or you drop accidentally your wedding ring.

Furthermore, you will not have to pay a deductible for any item scheduled as an additional coverage. Thus, the insurance provider will pay you the complete cost of replacement if you lose your wedding ring that is worth around $1,000.

Thus, if there’s something that you want to protect, make sure you include it in your additional coverage.