Is My Jewelry Covered?

Ummm, mostly. Usually your jewelry is covered for the same perils your home is insured against. But, in the case of theft, misplacing or losing jewelry, there is a limit to how much your insurance company will pay you.

Ummm, mostly. Usually your jewelry is covered for the same perils your home is insured against. But, in the case of theft, misplacing or losing jewelry, there is a limit to how much your insurance company will pay you. The amount varies by company so check your policy or ask your agent how much coverage you have. Often, jewelry is covered for up to $3,000. That’s $3,000 for all your jewelry, not $3,000 for each piece.

If you have a lot of jewelry or valuable jewelry, it’s a good idea to schedule it on your policy. Scheduling jewelry means specifically listing it on your policy with a description and a value. Scheduling jewelry evens offers coverage if you lose a stone out of the setting. Listing jewelry on your policy costs about $10 a year for every $1,000 of coverage. More expensive items should be appraised to make sure they are properly insured. A good rule of thumb is to have the pieces appraised every 3 years.

It’s a good idea to have photos of your jewelry as well. You can give the pictures to your insurance agent so they will be safe in case you have a fire at your house.

You should review your insurance with your agent every year or two to make sure the list of your jewelry is up to date.

Limits also apply to furs, silverware, guns, and trading cards. If you have any of these items, or valuable collections (figurines like Hummels or Precious Moments, comic books, salt and pepper shakers, etc.) check with your agent to see if they should be scheduled on your policy.

The Agent Insurance Services | 330-758-3339

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