Homesite insurance binder request8/5/2023 ![]() ![]() In that case, there’s no additional cost to cover jewelry. Homeowners insurance covers jewelry as part of the personal property portion. If you have a $10,000 ring, you could pay $100 or $200 annually to cover the ring. A jewelry insurance policy generally doesn’t cover:Ī separate jewelry insurance policy generally costs 1% to 2% of the jewelry’s value. Jewelry insurance doesn’t cover every type of loss. You can insure many types of jewelry, including: Damaged jewelry will only be covered if the damage is caused by a problem covered by the policy, like a fire. What Does Jewelry Insurance Cover?Ī separate jewelry insurance policy typically covers damage, loss or theft. ![]() ![]() What’s right for you depends on the value of the jewelry you want to protect. You can buy separate jewelry insurance if you have items whose value exceeds your homeowners insurance limit. But a standard homeowners insurance policy limits coverage to $1,500 for theft of jewelry, watches, furs, precious and semiprecious stones. A homeowners insurance policy will pay for jewelry repair or replacement after a problem covered by the policy, such as a fire. ![]()
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