Dec.11, 2019 – by Jason MacDonald, FoxQuilt – A common home insurance myth is that your contents insurance will cover and fully pay out for everything you own if something were to happen.As the holiday gift-giving period approaches, it's worth noting that’s not necessarily the case, as policies often have unique, lower sub-limits on special items including jewellery, furs, collectibles, and bicycles, depending on the claim.
If you receive a special, high-value present this holiday season, be sure to talk to your broker about how to proceed in covering it.
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