If you have a homeowners insurance policy, you know it will pay to repair or replace your personal belongings if a covered event occurs. However, there are sometimes limits on expensive items, like jewelry. Knowing the rules about how your homeowner’s insurance covers jewelry and how you can ensure that your jewelry is fully covered is important.
The professionals at Morgan Insurance Services servicing Tampa, FL can help. We work with our clients to help them understand their insurance services. Here’s what you need to know.
Does My Home Insurance Cover My Jewelry?
A standard homeowners insurance policy covers jewelry. However, there are often limits on how much a homeowners insurance policy will pay for individual items. Expensive items are vulnerable to theft; thus, your policy may limit how much money you can collect if your expensive jewelry is stolen.
How Can I Ensure My Jewelry Is Covered?
There are ways to insure your jewelry to ensure coverage separately. You can use a floater policy to schedule your jewelry individually. These policies often provide coverage that homeowners insurance doesn’t provide. For example, a floater policy may cover a loss that occurs when you leave your jewelry in a public place or if you drop your jewelry into a sewer.
Work with your homeowner’s insurance agent to implement a floater policy. Your agent can help you get adequate coverage for your jewelry and explain how the policy works.
To learn more, call Morgan Insurance Services, servicing Tampa, FL, to get started with your floater policy. We’re happy to answer your questions.
