Insurance riders: What are they and why you may need them
Customize your coverage with home insurance riders
Here are a few things in your home you might find worthy of added protection:
- Artwork, antiques, and collectibles – Standard homeowner coverage limits are typically set around $2,000 for artwork and other special collections. If you’re a collector, get an appraisal to determine your collection’s value.
- Firearms – If you have a high-value firearm or gun collection, you may want a rider. Your insurer may request serial numbers and other specifics for each gun and will likely require that guns are stored securely.
- Electronics – Coverage for your computer equipment, high-end cameras, and gaming systems may be limited. Standard coverage is generally $5,000 or less. If you’re a true technophile, add up the value of your electronics and check it against your policy limits.
- Jewelry – A standard homeowners policy may cover about $2,000 for jewelry. If you have a larger collection or want to protect a piece against damage, loss, or theft, a jewelry rider might be right for you, protecting your valuables when standard coverage does not apply. If you lose your wedding ring in the garden, for example, that loss is typically not covered by a standard policy.
A special note on depreciated and replacement value: Some policies may insure your household items at their depreciated value, or what something is worth at its current age. With this type of policy, if your 10-year-old bedroom set is lost in a fire, you would not receive the full amount you paid at the time of purchase.
Delayed flights and lost luggage often headline the list of concerns for travelers, but they are minor inconveniences compared to severe illness, missing prescriptions, or serious injury away from home.
The time to prepare for sickness is before germs hit your team. Illnesses can happen anytime, but flu season generally peaks between December and February, although it can stretch from October through May. Consider how you canprevent an outbreak and how you can respond quickly to limit the impact and costs to your business.
When Jenny VanDeHei left for college to study business, she thought she had picked her last stone and fed her last calf. She loved the family farm she grew up on, but she saw her future as an accountant, in an office building in the city, far from the country fresh smell of cow manure.
When you’re born into a farm family, on the job training begins the moment you can walk. You learn quickly where it’s safe to play, not to startle the animals, and that there’s always a way you can help – no matter your age. Curt Weis, Manager – Farm and Agribusiness Training, can attest to this because he earned his keep by working on his family’s farm right up until he left for college.
Patti Lemke, Sr. Agribusiness Underwriter, spent her entire young life living and working on a farm. Her parents owned and operated a small farm in Eden, Wis. that milked 65 cows in a stanchion barn, and she worked on a large dairy farm that milked 700 head from the time she was 14 until she left for college.