Jewelry Insurance Coverage on a homeowner’s policy.

Jewelry insurance coverage on a homeowner’s policy.

Consumer’s buy jewelry all the time, some inexpensive but some very expensive (especially around holidays or anniversaries). What they don’t usually consider is how it is covered on their homeowner’s insurance policy.

Every insurance companies homeowners insurance has SOME jewelry coverage included. The hidden fact if that most have a “per piece” limit of insurance. So if you have $5,000 of jewelry coverage included, the per piece limit may be $1,500. And it almost never covers mysterious disappearance.

Mysterious disappearance would be your diamond setting is weak and the stone falls out when you are out shopping. It wasn’t stolen and their was no theft loss or fire in your home – it is just gone. You would need to have this “scheduled” on your homeowners insurance policy for it to be fully covered. That means paying an extra premium for that 1 piece of jewelry.

Jewelry insurance coverage on a homeowner’s policy.

Homeowner Insurance


So even if an insurance company offers you higher limits on jewelry, like $10,000 or $20,000, they will still have a per piece limit of coverage. Unless you own a $1,000,000 + home and then they throw in lots and lots of special coverage’s – like unlimited jewelry.

For the average homeowner though, the basic homeowner insurance policy isn’t enough when you have expensive pieces. Or inherited antique pieces from your mother or great aunt. Doing an insurance review with a professional insurance agent, is always a good idea to make sure you are properly protected.

Don’t be a Do-it-yourself insurance person – it could hurt you at claim time, when you need the coverage.

Jewelry insurance coverage on a homeowner’s policy.

Tom Larsen, President

Larsen Insurance Agency

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