Check Your Insurance

If you live in an apartment and are a collector, be sure to get renter’s insurance and check your coverage. You may not be covered for water damage if it’s caused by broken plumbing in a suite above yours. You may not be covered for water backup in your own apartment. You probably have limited coverage for theft of jewelry if you did not get a special rider. And any artwork or collection may need another rider. Books, guns, silver and electronic equipment probably need to be “scheduled” with thought about how high a deductible makes sense.