Should I add a rider to my homeowners insurance policy?

14 Dec Should I add a rider to my homeowners insurance policy?

independent insurance agency, access insurance

Christmas! It’s that special time of year spent with family or friends, sharing meals together and exchanging gifts. Some of those gifts can be expensive, such as jewelry or electronics. While owning these new items can be wonderful, it frequently causes questions regarding home owners insurance coverage to these brand new valuables.

Do I Need a Rider?

Your homeowners insurance policy covers your property from risks like fire and theft, but it may not cover as much as you think. If you have a fire then your jewelry is covered like any other item in the house up to your personal property limit. However, when it comes to theft, there is a limit on how much the insurance company will pay, usually only $1000 or $2000 in total. Adding a rider helps insure that your valuable items can be replaced for their value.

What Does a Rider Cover?

Riders usually cover property of considerable value, such as:

  • Jewelry
  • Antiques
  • Fine Art
  • Business Equipment
  • Oriental Rugs
  • Silverware
  • Stamp or Coin Collections
  • Musical Instruments

How Much Coverage Do I Need?

Adding a rider to your home owners policy insures you can replace your valuable in the case of theft or fire. It also gives you “All Risk” insurance for a particular item to cover nearly anything that could happen to the item. So, if little Johnny decides to throw your diamond ring away while you’re taking a shower but doesn’t let you know until the trash has been tossed in the dumpster, you’re still covered.

How Much Does Adding A Rider Cost?

Adding a rider, or scheduled personal property endorsements, don’t have to be expensive.  Riders tend to be $1 or $2 annually for every $100 but rates depend on your insurance company.   A lot of companies are now allowing you to add a rider for “Blanket” jewelry coverage, which means you no longer have to schedule each item individually, rather you can simply add $10,000 of coverage or $20,000 of coverage, and it will cover all of your jewelry up to that limit.  We recommend talking to your independent insurance agent to get a quote for your specific needs.

Let Access Insurance Agencies take the guesswork out of your coverage, whether it be auto, home, life or business insurance. We value strong relationships with both our carriers and with our clients. Our 3 convenient locations are in Grand Rapids, Kentwood and Holland. Give us a call and find out why we say, “Handling your insurance is our privilege!” Access Insurance Agencies is an independent insurance agency.


Access Agency 897 52nd St SE Kentwood, MI 49508 Phone (616)530-2800

Grand Rapids

Ringnalda Agency 4800 Broadmoor SE Kentwood, MI 49512. Phone (616)698-9390


Access Agency – Lakeshore 11595 E Lakewood BLVD Suite 30 Holland, MI 49424. Phone (616)796-0400

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