Despite what you may have heard about endorsements or riders regarding jewelry, your jewelry is partially covered by your base homeowner’s policy. If you lose, damage, or otherwise destroy your jewelry, you can still make a claim with you homeowners insurance provider. Usually the upper limit is capped at your coverage limit of either $1,000 or $2,000 depending on your policy minus your deductible. So if your limit is $1,000 and your deductible is $1,000… unfortunately you’re “covered” but you will get nothing back. If you’re limit is $1,000 and your deductible is $500, you’ll be able to recover $500 - which may or may not be worth the effort (you may have to prove its value as well as file a police report so that an official record exists).
This is true for anything high dollar that could go missing or damaged, such as paintings, scultures, fine china, silverware, etc.
2 Comments
what are the terms for jewerly loss. Aere there certain terms that apply.. what If i just lost my ring in the house and cant find it anywhere,, I Have turned my house up side down… i am not sure if when you are covered ,, there may be special terms like it has to have been stolen, or something like that.> please help im so upset!!
If you think you’ve lost it, file a police report and then file a claim. The insurance company will sort it out.
Post a Comment