What insurance covers my jewelry?

Your wedding ring,  antique necklace or expensive watch obviously mean a lot to you. Insurance can cover these items when a diamond falls out, your watch lands in the ocean or a theft occurs. What insurance covers jewelry?

Under your home insurance policy there is limited coverage that is allocated towards jewelry. See your policy for details, as this is different from company to company. Also know that the deductible on this policy will apply with a jewelry claim. For example- If you lost a diamond ring worth $2,000 and your deductible on your homeowners policy was $1,000, you’d have to pay $1,000 to get the ring replaced. Most of the time the coverage on your homeowners is not enough. Therefore, you can “schedule” more coverage for specific items like jewelry, guns and even golf clubs.

How to Add Additional Jewelry Coverage 

When you schedule coverage for your wedding ring, you choose the amount of coverage you want and the deductible you are willing to pay. This coverage is then added to your homeowners policy as an endorsement. An endorsement is basically an addition to an existing policy that changes the current terms.

When you schedule your jewelry on your Rural Mutual homeowners policy, consider the following:

Your premium will likely change when you add or delete an endorsement like scheduling your jewelry to your homeowners policy. The change will depend on the coverage and the deductible that you decide on. 

Accidents happen. Make sure you have proper coverage for your jewelry. Talk to a local agent to learn more or reach out online for a quote.