Agent, Rural Mutual Insurance Co., Union Grove, WI
Homeowners insurance will typically cover jewerly in your home if the loss is due to a loss covered by the policy. Be aware that every policy has its own limits for different types of personal property. There will normally be a limit per item and a total limit within the policy for items like jewelry. If the items that you wish to cover exceed the valuation allowed by your policy you can normally extend coverage by scheduling ( or listing the items ) separately and paying an extra premium. Please read your policy completely to understand what coverage is provided and what exclusions there may be.
Agency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482
Usually, but in a fairly limited way. If there is coverage, it will be for the named perils listed in the policy AND subject to your Homeowners' Deductible. The coverage may also be limited to a specific dollar amount per piece.
If you do have jewelry or other higher value items that you are concerned about, it is best to talk to you insurance professional about "scheduling" those items for coverage either on a homeowners' "rider" or as a separate policy all together. There are a couple of advantages to this. First, the item will be covered to it's appraised value as opposed to some significantly smaller amount. Second, when scheduled these items are usually then NOT subject to the homeowners' deductible. Finally, in addition to the perils listed in the Homeowners policy, scheduled items are also covered for "mysterious dissappearance" which is much broader coverage. This means that there would be coverage even if the item was simply lost. If your diamond falls out of your engagement ring and the ring is scheduled, there would be coverage to replace the stone. There would be no such coverage under a standard Homeowners' policy.
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If you do have jewelry or other higher value items that you are concerned about, it is best to talk to you insurance professional about "scheduling" those items for coverage either on a homeowners' "rider" or as a separate policy all together. There are a couple of advantages to this. First, the item will be covered to it's appraised value as opposed to some significantly smaller amount. Second, when scheduled these items are usually then NOT subject to the homeowners' deductible. Finally, in addition to the perils listed in the Homeowners policy, scheduled items are also covered for "mysterious dissappearance" which is much broader coverage. This means that there would be coverage even if the item was simply lost. If your diamond falls out of your engagement ring and the ring is scheduled, there would be coverage to replace the stone. There would be no such coverage under a standard Homeowners' policy.