Does Home Insurance Protect Jewelry?

Jewelry is a treasure. Most jewelry is gifts that we receive from our loved ones. Losing these possessions or seeing them damaged can be painful. You should ensure that your jewels have insurance coverage by getting a policy from Dove Insurance Agency.

However, most people do not know if their jewelry is protected by their homeowner’s insurance. Take a scenario where you have lost your engagement ring; you are left wondering if your homeowner’s insurance will cover the loss or if you will have to pay for the ring out of pocket.

When are jewels protected under home insurance?

Fortunately, your home insurance protects your jewelry if it is stolen or if it is damaged by some perils like hail, fire, smoke damage, and vandalism, just to mention a few. For example, if thieves break into your home while you are at work or on vacation, your home insurance policy will pay for part of the jewelry’s value. The value will be determined by the limit defined by the particular policy. Also, if a fire occurs in your home and ruins your jewel collection, the replacement cost will be catered for but only up to an absolute limit.

When are pieces of jewelry not protected under home insurance?

Your jewelry is not protected by your homeowner’s policy in some circumstances, for example, if you misplace it, or if it is lost in a flood, you will need an extra policy for its replacement.

It is wise to get an insurance policy specifically designed to protect your jewels. If you are in Blacksburg, VA, contact Dove Insurance Agency, and we will answer your questions about jewelry protection and home insurance. We serve Blacksburg, Salem, Riner, Radford, Roanoke, and Christiansburg and can help you get the right policy for your home. Also, try our online rating tool for quotes on home and auto insurance.