Professional Glasscleaners Steve Santiago, Kathy Burleson, Esteban Santiago, Cecilia Virsida, Rafael Nigaglioni your local Insurance brokers Conditions and particularities of the personal property coverage A homeowner’s policy or personal package usually includes coverage for your structure (if it’s not an apartment), your personal property, and public liability (damages to third parties). The personal property coverage covers your personal items that are not attached to the structure, such as: furniture, clothing, appliances (fridge, stove, washer and dryer), electronics (televisions, stereos, computers), decorations (carpets and curtains), dishes, among others. Now, one would think that setting a high limit on personal property policy would cover all of your contents. This is not necessarily the case. Insurance companies typically place a limit on personal property coverage. For example, your company may place a limit per item on securities, jewelry, watches, etc. from $1,500 to $2,000; $2,500 to $3,000 for firearms; $2,500 to $3,000 for silver items, among others. These amounts, you can see, may vary by insurance company. Some companies even limit fine arts. If your company limits works of art, it is important that you get valuations from professional appraisers or certified experts. In any case, if you have in your residence any high-value item that exceeds $1,500, your best alternative is to buy an additional coverage that allows you to make a schedule to make sure those items are properly insured. That schedule should contain the value of the unit, along with evidence of its cost. Evidence can be in the form of an appraisal, valuation, certificate of authenticity, etc. In this way, you will be entering into an agreement with the insurance company so that at the time of a loss the company will not be able to argue the value of those items. Among the items that insurance companies provide for you to include in a schedule are the following: jewelry, furs, cameras, musical instruments, silverware, golf equipment, works of art, stamps, rare coins and wines. There is even a miscellaneous category where you can include some high value item not mentioned above. In addition to listing your high value property on schedule, it is also important to maintain evidence (receipts) of the cost of that personal property that has an above-average value. That is, if you own a sofa valued at $10,000, your best way to establish with the company that they should not compare that furniture with one say valued at $1,000, is to demonstrate your purchase receipt. Another important aspect when insuring your personal property is to add replacement cost coverage. Personal property coverages are usually made at actual cash value. This means that the company will apply depreciation to your personal property at the time of a loss. The replacement cost coverage prevents the company from applying depreciation to your property. For more information about this and other coverages you can stop by our office at Palmanova Plaza Suite 119-C, call us at 787-850-9209, or email us at palmasinsurance@outlook.com. <strong>PALMAS</strong> • Windows & Doors Frames • Glass Walls & Windows • Mirrors & Shopfronts • Stain & Paint Removal • Glass Replacement & Polishing 10 years experience Lino A. Gómez 787•536• 3810 Computers • Computer repairs • Computer lessons, training & consulting • In house service • Servers & data centers • PC and console gaming Wire & Wireless Network Instalations info@palmascomputers.com 787.413.7070 service all across PR L’G Window Cleaning
Ladies Member & Guest <strong>2022</strong> The Ladies Member & Guest <strong>2022</strong> event was a huge success with more than 150 players who were also able to enjoy a beautiful sunny day. The photos speak for themselves.
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