Standard homeowners insurance limits jewelry coverage to $1,500. Schedule your engagement rings, watches, fine art, and collectibles to ensure they are fully covered with $0 deductible.
Most home policies have a hidden cap on "theft of jewelry" (usually $1,500). If your $10,000 engagement ring is stolen, you would be out $8,500. A Personal Articles Floater fixes this.
What if you just lose the stone from your ring? Or leave your watch in a hotel? Standard policies don't cover "losing" things. Our Valuable Items policy does.
Appraisals recommended for items over $5,000.
Safe. Secure. Insured.
For items valued under $5,000, a detailed receipt or description is often enough. For items over $5,000 (especially jewelry), a recent appraisal (within 2-3 years) is usually required to establish the insured value.
Many policies include immediate coverage for newly acquired items (usually up to 25% of your total limit) for 30 or 90 days. This gives you time to call us and add the new purchase to the policy.
Typically, no. Most "Scheduled Personal Property" endorsements or separate floaters have a $0 deductible. If you lose the ring, the policy pays the full insured amount to replace it.