Why your jewelry may not be as protected as you think

Jewelry coverage on standard homeowners policies may not be what you think.

Jewelry coverage on standard homeowners policies may not be what you think.

If you have a typical homeowners insurance policy, you may not have the proper coverage for your jewelry.  Most standard home policies offer between $1,500 and $5,000 for a loss limit Even more important to know is that this is not a per piece limit, but a per loss limit.

So, here’s the example, If someone were to break into your home and steal every piece of jewelry you own, you’d get between $1,500 and $5,000. Would this be enough for everything you own? Here’s another thing to know: If your diamond falls out of your engagement ring or you lose one precious earring- your regular homeowners policy isn’t likely to cover it.

So, what do you do? There’s good news. Scheduling jewelry on the home policy provides broader coverage. Not only would your limits change for those scheduled items, but a scheduled piece of jewelry likely would be covered in both of these instances. You should be having these discussions with your agent. If not, we are happy to have them with you to make sure you are protected at www.keslarinsurance.com.

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