Jewelry Insurance

Be certain that you’re covered

A standard homeowner’s insurance policy may not provide adequate coverage for your treasured possessions.

In fact, homeowner’s insurance provides limited coverage for jewelry and similar items — just a few thousand dollars, typically — and that’s after you’ve covered your deductible.

Some other important factors to consider:

• Rings, necklaces, watches and other luxury goods are the items most frequently cited in claims.
• The value of gold and other precious metals has increased over the past 10 years. Even if your jewelry is insured, it may be undervalued.
• You should reappraise items every two to four years to ensure that your coverage is adequate and their fair market value is reflected when you need to file a claim.