Protect Your Jewelry
Kristine Partridge
Feb 09, 2024
Jewelry often represents something special in your life-whether it be a family heirloom, a special engagement, or a milestone. Perhaps you even treated yourself with something that you have been dreaming of. Whatever the case, it is devastating to have something that is meaningful either damaged, lost, or stolen. How can you protect these precious belongings? Below is some information about how your homeowners, condo or renters insurance policy can help.
A homeowners insurance policy will generally provide coverage within specified limits. Coverage varies from one company and policy to the next. For example, one company may limit coverage on theft of jewelry, while another company may provide coverage up to a certain dollar amount regardless of the type of loss. Other companies will place a specified limit for each item. For this reason, it may be beneficial to add a rider to your policy.
What is a rider?
A rider, also referred to as a floater, is an endorsement that can be purchased on your homeowners policy to provide additional coverage on jewelry or other valuable items. A rider can provide coverage for an item that might not otherwise be covered on your policy. In order to do this, an appraisal or a receipt may be required by the insurance company to ensure that it is insured to the correct value.
Jewelry Protection Tips
A great time to review your coverages is when your policy renews or when a big change is taking place. Whether you are giving or receiving a special item, it is worth taking a small amount of time to ensure that it is covered.
Keep this article in mind this Valentine’s Day! We are ready to assist you with your coverage needs! 607-324-0455