And was it worth it?
The only rider I added was for my wife’s engagement/wedding ring. It paid off. I asked what specifically it covered when we bought the homeowners policy. I was told anything. Run over, lost in a river, wake up and it’s not on your finger, it’s covered.
Years ago we were painting the master bedroom. Everything was removed. The Mrs. put her ring in my valet on my dresser. I saw it in there. When we moved it back, it was gone.
I had all original paperwork that came with the ring. The manufacturer actually went through old molds and found the mold for her set. All I had to do was drive to the jewelry store and pick out a stone. Well worth the money I spent on it.

you know this is a gun forum right? So if you are on this forum you probably need a gun rider as your homeowners probably has a really, really small limit. And if that's enough to cover your situation you probably need to up those 'rookie' numbers. I have jewelery and guns myself.

you know this is stated this in his post, right?

quote:

"...I asked what specifically it covered when we bought the homeowners policy. I was told anything. Run over, lost in a river, wake up and it’s not on your finger, it’s covered...."

Seems you're mainly asking about additional personal property coverage, of which I have additional riders for enhanced coverage limits for:

Jewelry (watches)
Guns
Gold/Silver

I also have some other riders for stuff like sewage backup, service line damage, and earthquakes.

And while not specific to homeowners, I have a $1M umbrella policy too, which also covers events at my home. It's like $13/month. The epitome of "cheap insurance".

Back when I was doing a lot more photography work, all of my gear was on a separate rider. I had finished shooting one marching band event and was in the process of packing up. My 300/2.8 lens always went into its own hard case and the rest of my gear into the camera bag. The last marching band decided to parade off on the track and not out the end zone like all others and they were a big band, so not wanting the hard case to be in the way, I quickly slid it under the bleacher I was sitting on. Being in a hurry to get on the road, I completely spaced it off and didn’t realize my mistake until I got home…2 hours away. Luckily a buddy was still on site and I called him to go take a look, but by that time someone had walked off with it. Hoped that someone would turn it in, but nope. Had to file a police report for my insurance and they replaced it with a brand new one, minus my deductible, in less than a week. Had I not had the rider for the $$$ equipment, it wouldn’t have been covered because of the cost and because I was being paid as a contractor. So, it was well worth it.

We currently have an additional rider for our kids’ musical items…the $250 year charge covers up to $50k in instruments and we get pretty close to that amount.

Earthquake. If I lived in a flood zone, I’d have flood insurance too.

I remember being asked about firearms, jewelry, tools, and art when we bought the policy. We were young, about to be married, and we didn’t have enough of any of those to need riders for coverage. I suppose I should have a sit down with my agent. A lot has changed over the years.

You should be updating your coverage every few years.

Even your fundamental home coverage needs to be adjusted to reflect changes to the actual replacement value of your home. You don't want to end up in a situation where your $500k home is insured for $300k.

quote:

Originally posted by RogueJSK:
You should be updating your coverage every few years.

Even your fundamental home coverage needs to be adjusted to reflect changes to the actual replacement value of your home. You don't want to end up in a situation where your $500k home is insured for $300k.

....and make sure you aren't insuring the land, just the structure and contents.

I also recently got a pup (Personal umbrella policy) that's pretty cheap due to the high deductible (the limits of my auto and homeowners). I also had to get liability on my ATV, which was like $80 per year. Of course I hope never to have to use any of it.....

Musical instruments. I've never made a claim. Any event is covered, from theft to accident.

We really need to add an art rider. We have some really nice pieces at this point, worth some serious money. I guess that's really the test, when the value becomes significant relative to one's financial situation.

We added an engagement ring, 1M umbrella and the home protection policy (water, gas, electric, sewer line coverage).

The underwriter for the umbrella required us to raise our car insurance coverage which added about $100 a year but almost doubled our coverage. The umbrella policy gave us a multi policy discount which cancelled out the additional car policy increase.

The home protection policy gave us similar coverage to what the utilities offer for a fraction of the price. However our homeowners deductible does apply.

Mine (State Farm) let me increase from the (Undefined actually) standard to $50k for

They lump it all in one as: "Cameras, Stereos, Guns and artwork" I don't recall exactly, but the increase was minimal and an easy yes

quote:

Originally posted by RogueJSK:
You should be updating your coverage every few years.

Even your fundamental home coverage needs to be adjusted to reflect changes to the actual replacement value of your home. You don't want to end up in a situation where your $500k home is insured for $300k.

Building code upgrade coverage is often overlooked and much needed in many areas.