Holiday shopping can be somewhat frenetic. We all have so much to do and so little time to get it all done. Here’s a little peace of mind for you holiday shoppers regarding the protection of the gifts you buy.
Generally, your Christmas gift purchases are covered the minute you purchase them by your Homeowners, Renters, or Condo Unit Owners Policy. They are covered from the minute you get them at the store.
Many people believe that their car insurance will cover their purchases should a auto break in occur at the mall or some other location. This is NOT true. Auto insurance WILL NOT provide coverage for your Christmas gifts if stolen or vandalized.
Don’t forget to take reasonable and prudent precautions.
- Put your gifts in the trunk or in a less visible place in your vehicle. What they can’t see, the won’t go after.
- Always lock your vehicle.
- Don’t store gifts in your car.
Apply these additional ideas from this great article.
Remember that while all policies may differ and it’s your actual policy policy contract that makes the final determination, most companies provide personal property coverage for personal (as opposed to business) property regardless of location. You usually are covered for items in your home, car, hotel room, friend’s house, etc. Some may put limits on the continental United States, but most don’t. AGAIN… check your policy or with your agent to be sure.
The San Diego Insurance Blog 