Call Us 314-961-7077 ☰ ˟
Logo
Email Us
Call Us 314-961-7077 Email Us
  • Home
  • Our Services
    • Cyber Liability Insurance
    • Employee Benefits
    • General Liability Insurance
    • HR Technology
    • Human Resource Consulting
    • Personal Insurance
    • Pharmacy Benefits Management
    • Short Term Health Insurance
    • Short Term Life Insurance
    • Travel Health Insurance
    • Vision and Dental Insurance
    • Voluntary Benefits
  • Get A Quote
  • Resources
    • Refer a Friend
    • Insurance Glossary
  • About Us
    • About The Meyer Group, Inc.
    • Employee Directory
    • Our Location
    • Privacy Policy
  • Contact Us
Employee Benefits Icon

Employee Benefits

We browse through a wide variety of coverages and find the right one for you.

Learn More
Human Resource Consulting Icon

Human Resource Consulting

We browse through a wide variety of coverages and find the right one for you.

Learn More
Personal Insurance Icon

Personal Insurance

We browse through a wide variety of coverages and find the right one for you.

Learn More
Home > Blog > Christmas Gifts That You May Need to Insure
WEDNESDAY, DECEMBER 28, 2022

Christmas Gifts That You May Need to Insure

Most people don’t typically associate Christmas with buying additional insurance coverage, but depending on what you’ve unwrapped from underneath the tree, you may be underinsured.a close up of a table

Although you may already have adequate insurance solutions for your current possessions, if you or someone in your home has received a valuable gift this holiday season, your current coverage may not be enough. In addition, depending on the gift, it may fall outside the scope of your current coverage details.

Read on to learn about some typical Christmas presents that may need to be insured and how The Meyer Group, Inc. can help you get the coverage you need.

Common Christmas Presents That Need to Be Insured

Expensive Personal Property

As a general rule of thumb, any high-value gift may not be adequately insured under your current personal insurance solutions, such as a renters or homeowners insurance policy. While these policies offer coverage for personal property, expensive items may exceed your insurance limits.

Or you can check whether your personal property is covered under replacement cost or actual cash value. Generally, for expensive gifts such as the following, you’d want to make sure they’re insured under replacement cost coverage, which would help you replace the item for a similar one in today’s market.

·        Any jewelry, including engagement rings

·        Golf clubs

·        Cameras, lenses and accompanying equipment

·        Art

·        Antiques

·        Musical instruments

·        Computers, televisions or other electronics

·        Skis or snowboards

·        Bicycles or skateboards

Attractive Nuisance Presents

Perhaps instead of high-value personal items, you’ve gifted your household with a pool, playset, treehouse or trampoline. Although these items are fun, they create what’s known as an attractive nuisance and increase your risk of a liability claim. You may need to purchase an endorsement or extend your liability limits to be adequately insured. You may also need to purchase additional fencing or deterrents to secure the appropriate coverage.

Recreational Vehicles and Watercraft

If your present was a type of recreational vehicle, such as an ATV, motorcycle, road bike or similar, or you’ve been gifted a boat, jet ski, or another type of personal watercraft, you’ll want to verify coverage against your existing policies. Not all auto, homeowners or renters insurance policies automatically include recreational vehicle or boat coverage.

How to Get Coverage

Contact the experienced team at The Meyer Group if you’re concerned about your insurance coverage following Christmas. We’re here to help you protect all your belongings.

 

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.

Posted 3:32 PM

Tags: insurance
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2025
  • 2024
  • 2023
  • 2022

  • insurance(10)
  • coverage(8)
  • business insurance(3)
  • liability(2)
  • auto insurance(2)
  • health insurance(2)
  • life insurance(2)
  • business(2)
  • homeowners(2)
  • cyber liability(2)
  • policy(2)
  • travel insurance(2)
  • small business(2)
  • small business owners(1)
  • care(1)
  • general(1)
  • spring projects(1)
  • insurance.commercial(1)
  • long(1)
  • accident(1)
  • multiple insurance policies(1)
  • health(1)
  • fall home maintenance guide(1)
  • boat(1)
  • vision(1)
  • dental insurance(1)
  • event(1)
  • special(1)
  • events(1)
  • vision and dental(1)
  • term(1)
  • older cars insured(1)
  • commercial(1)
  • life insurance terms(1)
  • epli(1)
  • weddings(1)
  • preparing your home(1)
  • commercial property insurance(1)
  • employee(1)
  • car(1)
  • general liability insurance(1)
  • home insurance(1)
  • benefits(1)
  • hr consulting(1)
  • small(1)
  • practices(1)
  • employment(1)
  • business interruption insurance(1)
  • bicycle safety(1)
  • marine inland insurance(1)

View Mobile Version

Contact Us Today!
314-961-7077

Social Social Social Social

Resources

  • Our Products
  • About Us
  • Refer A Friend
  • Blog
  • Contact Us

Contact Us

3636 S Geyer, Suite 110 | St. Louis, MO 63127
Ph: 314-961-7077 | Fx: 314-207-3376 | info@myrgrp.com
© Copyright. All rights reserved. | Powered by Insurance Website Builder