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Meemic Insurance's Guide To Protecting Your Big-Ticket Toys

As you cozy up to the fire to stay warm, you smile as you reflect on those pricey diamond earrings you received for Christmas. You were even able to purchase that fancy new computer you've been wanting at one of those post-holiday sales. 'Tis the season for shoppers to invest in big ticket gifts, and Meemic Insurance Company, a Michigan-based insurance provider offering various coverage options to teachers and other educational employees, reminds everyone to take the time now to ensure those high-priced items are properly insured.

It is smart to protect your costly toys from risk of theft, damage or loss. If you have a homeowners or renters policy, your personal property is insured.  But there may be limitations based on coverage amount and the type of risk that is covered.

"Now is the perfect time to take inventory of what you own," said Pamela Harlin, spokesperson for Meemic Insurance Company. "The link to the Insurance Information Institute inventory software is available in the Safety & Information Center on our website. Having an updated inventory will not only allow you to properly access your insurance needs, but will also provide peace of mind if a catastrophic event resulted in a loss to your personal property."  

Take the time to work with your local insurance agent to determine the type of insurance coverage you have and if expanded or specialized coverage is needed for your high-priced gifts.