The countdown to Christmas is on! The holidays are a magical season in which we can truly enjoy time with our loved ones and make memories. This holiday, you may be planning on gifting a present that is exceptionally high value—that engagement ring she’s been wanting, that laptop he’s been eyeing, or even that sweet new set of wheels to your much deserving loved one. Whatever you are gifting this year, you want to be focused on the joy of giving, not on the safety of your gift. You may want to consider giving yourself the gift of insurance—that is, insuring your high-value holiday presents this year.
Home Owners’ Insurance May Not Cover Your Presents: Home insurance is supposed to cover the items in your home—including presents—in the event of a fire or theft. However, most home owners’ insurance policies are capped and may only cover a portion of your present. If your present is lost to something that is not covered in your home owners’ policy, you may be left with no way to replace it. Review your home owners’ policy with your insurance agent and make sure you fully understand what it does and does not cover over the holiday season.
Get Your Presents Appraised: If something were to happen to your high-value gifts, you’ll want to be able to replace it as quickly and as seamlessly as possible. In order for that to be possible, you must be able to prove the value of the present. We recommend that you get your high-value presents appraised. If you are gifting jewelry, you can go to a licensed jeweler to get a certified appraisal. For other high-value gifts—like a piece of art —you will need to go to a specialist.
Insure Your Assets: Once you get your high-value gifts appraised, meet with your personal insurance agent to discuss what your best options are moving forward. You may determine together that you need to insure that family heirloom you plan on gifting to your girlfriend or that new high-tech gear you’re giving to your child before they head off to college. While you cannot replace the sentimental value of a priceless family heirloom, you can protect its financial value.
Be Wary of Theft: Proactively protect yourself and your assets this holiday season and take measures against theft. The holidays see a spike in burglary so be sure to keep your doors and windows locked and your alarm systems on. If you are going to be out of town for the holidays, do not publicize your plans on social media. If a burglar knows your home is unoccupied, your property becomes a much more enticing target.
The holidays should be a joyful time of year filled with love and the spirit of giving. Eliminate the extra stress of worrying about your high-value presents this Christmas and give us a call today. Our Penny Premier Concierge team has the industry insight and experience necessary to help you determine your best insurance option. At Penny Insurance Agency, your peace of mind is our priority. Happy Holidays to you and yours!
HENDERSONVILLE, N.C — Will Penny, President of Penny Insurance Agency in Hendersonville, North Carolina, has been awarded the Certified Advisor of Personal Insurance (CAPI) designation from the Aresty Institute of Executive Education at the Wharton School of the University of Pennsylvania and Chubb Insurance. Mr. Penny is among a group of only 38 agents this year to receive the certification after completing a one-year intensive educational program on understanding the lifestyle and risk management and insurance needs of successful individuals and families. Created by Wharton and Chubb in 2014, the CAPI program is the first of its kind to focus on a specific client segment in the personal insurance marketplace. “The agents who have completed the CAPI program have proven that they have the highest level of skill and expertise required to understand the total family balance sheet and to advise successful clients on their complex risk management and insurance needs,” Annmarie Camp, Executive Vice President, Sales and Distribution Leader, Chubb Personal Risk Services, said. Will Penny is a Henderson County native and the proud third generation president of Penny Insurance Agency. Will is a graduate of Wofford College, and has been with Penny Insurance since 1994. “We are extremely proud that Will has received the prestigious CAPI designation,” William E. Penny, CPCU, Chairman of the Board for Penny Insurance Agency, said. “This shows his incredible dedication to the insurance industry as well as his ongoing commitment to serving successful individuals and families who have a unique set of property and liability exposures created by their assets and lifestyle.” Courses are taught by Wharton faculty, Chubb subject matter experts and other professionals. Agents received instruction on the Wharton campus at the University of Pennsylvania in Philadelphia, and through virtual classes, webcasts, reading assignments and other online activities throughout 2017.
Chubb is the world’s largest publicly traded property and casualty insurance company, and the largest commercial insurer in the United States. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London, and other locations, and employs approximately 31,000 people worldwide. Additional information can be found at: chubb.com.
About the Wharton School
Founded in 1881 as the first collegiate business school, the Wharton School of the University of Pennsylvania is recognized globally for intellectual leadership and ongoing innovation across every major discipline of business education. With a broad global community one of the most published business school faculties, Wharton creates ongoing economic and social value around the world. The school has 5,000 undergraduates, MBA, Executive MBA, and doctoral students; more than 10,000 annual participants in executive education programs; and a powerful alumni network of 96,000 graduates.
About Penny Insurance Agency
Penny Insurance Agency is an independent insurance agency serving Western North Carolina and Upstate South Carolina, specifically Tryon, Hendersonville, Asheville, Landrum, Campobello and Spartanburg and is licensed in multiple states. Founded in 1931 with a mission to provide the very best insurance protection at the most affordable price, Penny Insurance is still serving as a leading independent insurance agency for families and businesses. Contact Penny Insurance Agency at its website or by calling 828-692-9171. Connect with Penny Insurance Agency on Facebook and Twitter.