Jewelry coverage protects jewelry against losses from fire, theft or other household accidents. Jewelry insurance often includes coverage for needed repairs and preventive maintenance, which lets you repair any jewelry before any damage becomes severe. Jewelry insurance also usually covers the total replacement cost of your jewelry if it was stolen or damaged beyond repair. Learn more about jewelry insurance or get a quote for coverage today by contacting our agency.
What Types of Jewelry Coverage Are Available?
There are three ways to get jewelry coverage, including:
- Basic homeowners insurance covers jewelry, including losses caused by fire, a tornado, theft or vandalism. However, standard homeowners insurance usually doesn’t fully cover high-value jewelry. Even if you increase your homeowner limits, this may not be enough.
- Insurance floater can supplement your homeowners coverage. A personal articles floater covers jewelry that exceeds the coverage limits of your homeowners policy. This floater usually covers items no matter where they are—in your home, plane, or hotel room while on vacation.
- A stand-alone policy goes beyond a floater by covering incidents that traditional insurance might not cover, such as a chipped stone in a ring or a broken clasp on a necklace. You can buy a stand-alone jewelry insurance policy from an insurer specializing in jewelry policies. A stand-alone jewelry insurance policy also keeps any claims off your homeowners insurance, so your home insurance rates won’t be affected.
How to Get Jewelry Insurance
If you need jewelry insurance, we’re here to help. Call James L. Smith Insurance Agency to discuss your jewelry coverage needs and get a quote for a policy that’s right for you.