Jewelry isn’t insured properly if not listed on your homeowner policy!
Was your Valentine’s day is filled with love, candy, flowers, a nice dinner…..maybe jewelry???
Just remember whether it was gift at Christmas, Your Birthday or last week – Valentine’s Day, all insurance companies have “set limits” on what they’ll pay, some it is $1,500, some $2,500, a very few $5,000. If it has been awhile since your reviewed just that portion of your homeowners, it may be time.
Jewelry has “set” limits in all homeowner’s insurance policies, like those listed above. In addition, mysterious disappearance (like a stone falling out of a setting) is also NOT covered on a standard homeowner policy.
To have your $10,000 engagement ring covered for any and all risks, it must be scheduled on your homeowner and/or renters insurance policy. By paying the extra premium, you get “all risk” coverage for any losses that may occur to your jewelry. Many consumer’s mistakenly assume that everything they own is covered on their home insurance – which is not true.
A good insurance professional will keep you informed of the risks you face by not insuring something.
So there you have the real truth about insurance that nobody tells you.
Being a smart insurance consumer is what we are trying to help you with.
For a NewYork homeowner insurance quote, you can go here.
By Tom Larsen, speaker, author, insurance adviser