Insights Unveiled: Navigating the World of Insurance with Expertise


Insights Unveiled: Navigating the World of Insurance with Expertise

blog image

Estimating the Value of Electronics for Your Home Insurance

March 23, 20232 min read

When insuring possessions on homeowners insurance, you have a lot of leeway to choose the limits you want. Yet, the thing about possessions insurance is that your coverage might restrict how much it will pay for items of value, like your electronics. When thinking about the value of these items, take a few extra steps to choose the right policy limits. 

What Electronics Do You Own?  

Some electronics you want to make sure you insure. The best way to not forget an important item is to make a list. Go from room to room of your home and make note of: 

  • Computer equipment (including printers and scanners) 

  • Tablet computers  

  • Mobile phones  

  • Televisions & DVD players  

  • Stereo systems 

  • High-end security systems  

  • Cameras  

  • Smart-Home devices  

Once you know what you have, you can begin to gather information on the items’ values. You can also decide which items to insure and which to skip.  

Determining Value  

When determining an electronic item’s value, checking the receipt is a good place to start. If you don’t have the receipt, you might check the current market value of the item or have it appraised.

Most electronics have two values. First, there is their sticker price, which is the cost of the item when you bought it. Second, there is the item’s cash value. As you use items, they age or newer models enter the market, the cash value will drop below the new-item value.   

Getting the Right Coverage  

There are some restrictions that your homeowners policy might apply to possessions coverage: 

  • The policy will only pay up to its limit for all possessions claims. So, if you have $100,000 in possessions coverage, then you will only recover a maximum of $100,000. That’s why it is important for you to accurately estimate the value of all belongings.  

  • Most policies will only pay you the cash value of a damaged item at the time of the loss. Therefore, you might not recover the full cost of a new item. When appraising electronics damage, this might make a big difference in settlement costs.  

  • Some policies place a sub-limit on items like electronics. Though you might have $100,000 in total coverage, you might only be able to recover $10,000 for electronics. Deductibles will also apply. Always check your policy to see if these limits exist.

To get adequate coverage for important electronics, you might be able to request full replacement cost coverage instead of cash value coverage. Additionally, you might also be able to schedule a particular item on your home’s coverage. By scheduling an electronic, you can apply a direct limit specifically to that item. You’ll receive guaranteed compensation for the loss as long as the damage was not excluded by the policy. 

Home InsuranceHome Insurance Policy
blog author image

Dr. Cheryl D. George

Dr. Cheryl D. George is a lifelong learner who transforms information into economic opportunities. She has over a decade of experience as a licensed health and life independent agent in 19 states. As a businesswoman, she has spent nearly two and a half decades honing her business acumen, starting, and helping to maintain over 200 small businesses and ministries. In the midst of a global pandemic, Dr. Cheryl was introduced to IBC in 2020 through CORE Financial Partners. The principles of IBC aligned with her life mission. “I love being a Certified IBC Practitioner because the secrets and strategies I share, allow me to watch the lives of Individuals and families transform. That transformation creates a legacy for generations yet seen”, says Dr. George. Possessing a deep and abiding faith that guides her to give back to her community, Dr. George dedicates her time and energy selflessly to many faith-based non-profit organizations. Dr. Cheryl D. George lives in Georgia and enjoys laughter, reading, music, scrabble, and traveling. She has one daughter (Jaclyn), two grandsons (Jeramiah and Joshua), and Royal-Cooper, her new 4-legged baby.

Back to Blog









Image Slideshow
Image 1
Image 2
Image 3
Image 4
Image 5
Image 6
Image 7
Image 8
Image 9

How It Works?

Get acquainted with the process of insurance. It takes just a few simple steps.

Schedule Consultation

We will be glad to guide you a complimentary session to strategize and understand your needs.

Select Your Service

With your blessing, we will get to work on setting up a proper insurance plan for you and your family.

Receive Peace of Mind

You're all set! You're now ahead of the pack in securing your financial well-being for years to come.

"You're in Good Hands with Insure with Cheryl!"

Don’t shop premiums, shop quality service.

Our dedicated staff of insurance professionals are here to assist you in securing an insurance policy to protect you and your loved ones for years to come. With a vast knowledge of our many carriers, we are equipped to shop for the best policy to suit your needs. Our job is to help you navigate through the sea of policy options and clarify any questions or concerns you may have along the way.

We’ve successfully served hundreds of customers and are determined to treat each individual with respect and compassion. Shopping for insurance can be difficult, but our staff does the work for you. Maintain your peace of mind knowing that our insurance professionals have your back.

What people say about us.

A few comments from our beloved clients

"I would like to thank Dr. Cheryl D. George for getting me a great insurance plan. She was very courteous expedient and thorough. I really appreciate her for finding me a very reasonable rate. I couldn't be happier keep up the great work."

-Patrick Brown

"Dr. Cheryl D. George is an awesome colleague and an experienced agent and coach. Cheryl has many years of experience in the Life, Health, Property & Casualty Insurance industry as well as the Financial Industry as a whole! She is passionate about help people get the right coverage for their budget and showing people how to create their own legacy by proper planning!"

-Joseph Brown

"Thank you kindly, Dr. Cheryl D. George (The Insurance Queen) for going the extra mile and taking great care of my mom's insurance needs as well as mine. I am grateful that our paths crossed and I will spread the word about your first-class, exceptional service! YOU ARE AWESOME!! #ladyinsurance"

-Ona Brown

"I appreciate working with Ms. Cheryl because she is very knowledgeable about the various organizations and products within her industry. She is likewise professional, efficient, and graciously patient with her clients. To sum it up, Ms. Cheryl is a blessing and a joy to work with!"

-Reasheal L.

"Dr. Cheryl's LLC helped me find the most affordable plan that fit my health needs!! She was thorough and precise."

-Lakeshia A.

I loved working with Cheryl because they provided extensive details about our options, which empowered us to make informed decisions! We were shopping for a flexible and affordable plan that we could start right away and that’s exactly what we received!

-Christina C.

"She went above and beyond to help me out would always pick up when i called i would recommend her to anyone who needs insurance"

-Danny B.

730 Peach Tree Street, NE, Suite 570

Atlanta, 30308

E-mail address

Insure with Cheryl.

©Copyright | Insure with Cheryl 2023. All Rights Reserved.