Can Presents Impact Someone’s Insurance?

jewellery on a table

How presents can impact a home insurance policy.


Whether it’s been your birthday or you’ve had a raise at work and have celebrated by buying a new gift for the family, you may have a few new presents in your property. But before you find gift their own place in the home, it’s important to ask whether or not you should consult your home insurance policy. Certain gifts require more home insurance.


High-value gifts

Items that are expensive and valuable may be wonderful to receive, but you should review your home insurance as soon as possible. In many cases, this high-value item exceeds the contents coverage within your home insurance, meaning that if anything were to happen to the item, you should not receive help to replace or repair it. If this is the case, you can choose to add on coverage to protect these high-value belongings.


If you’re not sure of the value, ask the gift giver for a receipt or take it the item to an appraiser. Common gifts that require additional coverage include:

  • Jewelry
  • Electronics
  • Fine art
  • Musical instruments
  • Golf equipment


High-risk items

Some gifts come with their own risk. If a gift increases the risk of damage or injury on your property, you may need to increase your liability coverage. Some hazardous home features include:

  • Swimming pool
  • Trampoline
  • Hot tub
  • A dog


Receiving any of these gifts will call for a review of your insurance. In some cases, these hazardous home features may result in higher premiums.


Make sure to talk to your insurance agent about gifts that you receive that may require more coverage. Homeowners insurance is there for you after disasters. Ensure that you have the optimum coverage by visiting the professionals at Gee-Schussler Insurance Agency. Our team is here to help you protect your home in Orland Park, Illinois.