Does Home Insurance Cover Lost Jewelry?
16470 POINTSview profileDavid OsgoodAgent, Rural Mutual Insurance Co., Union Grove, WIEach homeowners policy is different, but most do have some limited coverage for jewelry. Look over your policy or contact your agent to find out exactly what coverage is provided. I service auto, home, commercial, and farm lines in Wisconsin. Please feel free to contact me if you live in Wisconsin and would like to hear what my company has to offer.Answered on April 16, 2013flag this answer
37376 POINTSview profileDavid G. Pipes, CLU®, RICP®Business Development Officer, T.D. McNeil Insurance Services, Fresno, CaliforniaJewelry is covered under a homeowner’s policy. Most homeowner’s policies have an internal limit to the amount of coverage for jewelry. Under the homeowner’s policy the loss of jewelry is subject to the deductible on the policy. People are rarely satisfied with the adjustment made on jewelry under their homeowner’s policy. A jewelry floater is supplemental coverage that can be provided and it will replace the lost jewelry or pay a stated amount. This coverage must be backed up by an appraisal. There isn’t usually a deductible on a jewelry floater.Answered on May 14, 2014flag this answer- 37376 POINTSview profileDavid G. Pipes, CLU®, RICP®Business Development Officer, T.D. McNeil Insurance Services, Fresno, CaliforniaCoverage for jewelry is usually subject to a specific limit. Most companies will allow some increase in coverage by endorsement. Most companies will provide complete coverage with a floater. The floater is based upon an appraisal and provides 24 hour coverage worldwide. If the insured jewelry is lost the policy will pay full replacement value without any deductible.Answered on June 19, 2014flag this answer
Did you find these answers helpful?
Yes
No
Go!
Add Your Answer To This Question
You must be logged in to add your answer.
.JPG){kind=avatar}
