We love our jewelry, and that’s why we spend a lot of money to acquire it. But what happens when you lose a pricey diamond ring at home? What if someone breaks in and steals your gold necklace when you are out on an errand? Your homeowners’ insurance protects your personal belongings in your house from some risks that are usually specified in the policy. Jewelry constitutes personal items and is, therefore, covered in the policy but only to a certain extent. 

Generally, homeowners’ policies do not pay for jewelry pieces or gems that are simply lost. The coverage for these items on your policy is limited in that way. If you want to know whether your diamond ring or any other valuables are adequately covered in your homeowners’ policy, read through the policy carefully or better still, ask a knowledgeable agent. You may want to get additional coverage for your jewelry. The Owens Agency, LLC in Waldron, AR provides additional coverage options for your jewelry to minimize financial loss.

Should I Get Additional Coverage for My Jewelry?

Coverage varies from one insurance provider to the next, but companies usually limit their coverage for jewelry and other items of value. If your jewelry is lost or damaged due to a listed peril like theft or fire, the loss will be covered. If someone breaks into your home while you are on vacation and makes away with your jewelry collection, the loss will be covered up to a limit.

If a fire in your home causes damage to a necklace that has been with your family for generations, the loss will be covered but only to a limit. Mysterious disappearance, or in other words, if the item is lost, no coverage is provided. You need additional coverage to cover such a loss. The Owens Agency, LLC provides the coverage you need for your jewelry in Waldron, AZ. Give us a call if you need more information on our jewelry insurance policies.