March 15, 2015

In the name of love, insure that ring!

Were you the recipient of some beautiful jewelry for Valentines day? Were you one of the 6 million who received an engagement ring? If so. You may want to make sure you have the proper insurance in place.

Insurance policies differ from one company to the next, but policies typically limit coverage for jewelry and other types of items that might be very valuable. The most common types of homeowner insurance policies impose a limit of $1,500 for loss by theft of jewelry, watches, precious and semi-precious stones. This means that, regardless of how many jewelry items might be missing following a theft loss, the insurance company will not pay more than $1,500 for the loss. There is no limitation on jewelry if the loss occurs as a result of another insured peril. So, for example, if jewelry is damaged as a result of a fire the items would be covered. There is no coverage at all for jewelry or gems that are simply lost because mysterious disappearance is not a peril covered under the policy.

Jewelry floaters are the best way to insure valuable jewelry. Items insured under a floater are normally covered for any type of loss – at the value indicated on the floater. A jewelry floater, also called a rider, is an endorsement attached to an insurance policy to add coverage for specific items of jewelry. Items insured under a jewelry floater are scheduled, meaning they are specifically described, and their value is clearly indicated. Before agreeing to insure high-value jewelry items, most insurers will request photos and current appraisals to accurately establish value. Jewelry floaters add to the premium of the policy – but are a wise investment for those who wish to protect valuable jewelry.

Homeowner’s insurance policies typically provide limited coverage for jewelry. Policies generally do not cover jewelry, or gems from jewelry pieces, that are simply lost. Read your homeowner’s insurance policy carefully to determine whether your valuables, such as a diamond ring, are adequately insured

We are an independent agent in Mansfield Texas and would be glad to help answer any questions!

6 Comments

  1. blog.campregisapplejack.com March 12, 2023 at 8:02 am

    Why visitors still use to read news papers when in this technological world everything is existing on net?

    https://yad-khabar.ir/چگونه-مشکل-صدای-بلند-پکیج-ایران-رادیات/

  2. اخبار ورزشی قزوین March 13, 2023 at 11:12 am

    اخبار اورژانس اجتماعی و اخبار ورزشی مازندران و خبرهای جدید زندانیان و خبرهای روزنامه های رسمی کشور و خبرهای
    تازه کرونا و دانستنی های جالب

    https://socialfactories.com/story13690706/اخبار-جدید-چاوشی

  3. ankara escort March 18, 2023 at 4:31 pm

    I want to to thank you for this excellent read!! I certainly enjoyed every bit
    of it. I have you bookmarked to look at new stuff you post…

  4. Portiva medical billing March 19, 2023 at 2:38 am

    It’s not my first time to pay a visit this web page, i am
    browsing this web page dailly and obtain nice data from
    here everyday.

  5. شركة تنظيف بالدمام March 21, 2023 at 11:43 pm

    whoah this blog is wonderful i love reading your posts.
    Stay up the good work! You understand, many persons are looking around for this
    info, you can aid them greatly.

  6. japan pocket wifi March 24, 2023 at 11:46 am

    Hey I know this is off topic but I was wondering if you knew of any widgets I could add to
    my blog that automatically tweet my newest twitter updates.
    I’ve been looking for a plug-in like this for quite some time
    and was hoping maybe you would have some experience with something
    like this. Please let me know if you run into anything.
    I truly enjoy reading your blog and I look forward to your new updates.

Leave A Comment