Insuring an Ugly Christmas Sweater
Who doesn’t love an ugly Christmas sweater? Whether yours is homemade, bought with intention, or found in the back of a closet, these sweaters are a great way to celebrate the holidays. But what happens if that ugly Christmas sweater is stolen or damaged? It all depends on how it’s insured.
Insuring an Ugly Christmas Sweater Under Property Insurance
Whether you own or rent a house, condo or apartment, your property insurance includes contents coverage. This covers your personal belongings up to a specified limit if they’re damaged by an insured peril such as fire or theft. If your policy covers you for all risks, make sure you review the exclusions.
There can be a per item limit ($1,000 to $2,000) and an overall maximum limit for more valuable items. You determine the overall limit when you purchase your tenant’s, condo or home insurance with your broker.
For example, if