Be sure to keep receipts of all major purchase in a safe area or fire-proof container of cabinet inside the home. Actual receipts will make handling the claim much easier and quicker and will prevent having to try to contact vendors for replacement information.
Many of the more expensive or rare items that you have will need to be insured separately, and may require special appraisals. Antiques, jewelry and collections are often not covered for anything other than cash value under most home owners insurance policies. Ask your agent if you have any concerns or questions.
Insurance companies can only cancel a home insurance policy after sixty days under two conditions. These are 1) if the home owner fails to pay the premium or 2) the information provided is incorrect or found to be fraudulent. The cancellation of the policy is immediate and there is no grace period for the home owner.
