Home Insurance and Stolen Smart-Home Devices

Criminals can be brazen. There have been numerous reports of thefts of copper electrical wiring and copper plumbing from newly constructed homes. However, your smart security system, designed to protect your home, could become a target for burglars. Some smart-tech systems are quite valuable, and not only do burglars disable them to rob a house, but they are also known to steal the systems. Beware of scams where the home security company is actually setting your house up for a burglary. Always check references to be sure you know a company is legitimate and that its representatives are actual employees, not impostors.

Talk to your insurance agent at The Pivotal Insurance Agency LLC, serving Louisa, VA, about valuable items in your home, such as smart home systems and other luxury items. Basic coverage limits under your home insurance policy may not be enough to replace them. 

Basic Home Insurance May Not Be Enough

Some high-value belongings, such as electronics, jewelry, artwork, and other collections, have limits on the amount you can claim in the event of a theft claim. For example, jewelry and electronics may be capped at between $1,500 and $2,500, regardless of your home policy limits. You’d need to add extra coverage for expensive items using a "rider" or "scheduled endorsement."

Make a Home Inventory

Make an inventory of your personal property so you have proof of ownership, including:

• Electronics, laptops, televisions, and home theater systems
• Jewelry and luxury watches
• Fine art, collectibles, antiques, and silverware
• Firearms
• Musical instruments
• Designer handbags, shoes and clothing
• High-value appliances and tools
• Bicycles, e-bikes, riding lawnmowers and all-terrain vehicles
• Sports memorabilia collections
• Coin, stamp, rare book and wine collections

Get an Appraisal for High-Value Items

Some of the items listed above will require a verifiable appraisal from an appraiser acceptable to the insurance company’s underwriting department. Work closely with your insurance agent to provide the required documentation.

Enhance the protection of your smart home, high-tech items, and valuable personal property. Call your agent at The Pivotal Insurance Agency LLC, serving Louisa, VA, for a comprehensive insurance review. They’re happy to explain your home insurance policy and help you manage your risk exposure.