Does My Homeowners Cover Jewelry?

Yes, it does, but only up to a certain limit. Homeowners insurance policies typically provide limited coverage for jewelry. Insurance policies differ from one company to the next, but policies typically limit coverage for jewelry and other types of valuable items. The most common of homeowners insurance policies in New York impose a limit of $1,000 to $2,000 for loss by theft of jewelry. If your $15,000 diamond engagement ring is stolen, you might only receive $1,000 for the diamond ring.  

​So how can you fully insure your $15,000 diamond ring against theft? You add on a jewelry floater. A jewelry floater is an endorsement attached to the homeowners policy to add coverage for specific items of jewelry. Insured items under a jewelry floater are scheduled, meaning they are specifically described, and their value is explicitly stated in the policy. Jewelry floaters add premium to the policy, but is a very wise investment if you want to fully insure your expensive jewelry. Of importance to note is that insurance companies will request photos and current appraisals of your jewelry to accurately establish value. ​

Pepe Insurance Agency is your trusted local insurance agent located at Poughquag, NY in Dutchess County. We do our best to make sure that our clients are well-protected with affordable homeowners insurance. We make sure to go the extra mile to help you with your needs. To learn more about homeowners insurance and to obtain a free quote, click on the button below.

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