This recommendation, when warranted, should stress the homeowners policy exclusion of loss caused by the flood peril. The need has been underscored by unprecedented flooding in widespread areas in 1999. This measure, of course, is subject to underwriting considerations. Scheduling valuable items of personal property for specific amounts of insurance based on bill of sale or appraisal. Inquire about acquisition of costly items for which there are special limits.
Examples are jewelry, furs, and stamp collections.
Increasing coverage on money for some insureds. Amending Coverage C to eliminate the depreciation factor on most unscheduled personal property, subject to endorsement availability and company underwriting rules, and in the unlikely event the option previously was overlooked. Raising the Section II personal liability coverage limit. Auto PD adjustments Adjustments in automobile physical damage coverages often can free up premium dollars that can be put to better use. Options include raising the collision coverage deductible substantially on an expensive, relatively new car, and dropping the coverage altogether on an older model.