Typically the best and most affordable Jewelry Insurance Coverage is going to be found on a Homeowners Insurance Policy. There are some situations when getting a separate insurance policy for your jewelry could make sense. If, for example, you have some high valued jewelry that exceed what a homeowners insurance policy will allow. Most companies allow for a fairly large amount of jewelry coverage to be added to a home insurance policy.
The amount of coverage for jewelry available under Texas Homeowners Insurance Coverage, is a question that comes up frequently. Although, jewelry coverage is typically included in the contents or personal property coverage section of the policy, the amount of coverage is very limited. Most policies will limit unscheduled jewelry coverage to anywhere from $ 500 to $ 2500 in coverage depending on the policy. This unscheduled jewelry coverage can typically be increased to $ 5000 or more, if requested.
Unscheduled jewelry coverage is typically subject to your deductible and normally does not cover mysterious disappearance (losing it).
For higher valued jewelry items, you can “Schedule” these items to the policy. This is when you will add a specific named piece of jewelry to the policy for a specific agreed amount of coverage. Scheduled jewelry items are normally not subject to your deductible and are covered on an all risk basis, even if you lose the item. It is a little more expensive to insure the items this way and the company will normally require a copy of an appraisal for the item, but this is the best way to insure more expensive pieces of jewelry.
The bottom line is, jewelry is not a standard coverage and the amount and type of coverage will vary from company to company. Be sure to discuss you coverage needs with your agent to be certain you have the insurance protection you need.
For additional information or to obtain quotes for Jewelry Insurance Coverage, please visit our website at www.Quotes4insurance.comor contact our office directly at 972-771-7373 oe 800-553-8102.