Is Jewelry Covered by My Homeowner’s Policy?

Most homeowner’s insurance policies include coverage for jewelry and other precious items such as collectible coins. However, the exact amount of jewelry coverage is usually quite low when compared to the total policy amount; usually in the neighborhood of $1500-5000. The maximum amount of coverage for a single piece is often lower yet–usually about a third of the total jewelry amount.

If you aren’t sure what your jewelry coverage is, the first step is to check your insurance documents to find out. If you find yourself needing additional coverage for your jewelry, you have options.

Increase your jewelry liability coverage. Talk to your insurance agent. It is often possible to raise only the jewelry coverage amounts without modifying other sections of your policy.

Buy a floater insurance policy. A floater policy covers items that are readily movable. They are specifically designed to add coverage that normal insurance doesn’t include. You will need a separate floater policy for each item you need covered.