Will my homeowners insurance cover my jewelry?

Your homeowner’s insurance policy in Chester, NJ protects you from loss in case of a house fire, burglary or other unforeseeable circumstances. Knowing you have protection through The Insurance Outfit gives you peace of mind, because you know that if anything happens you will be taken care of.

A standard homeowner’s insurance policy covers the property itself, appliances and your personal possessions, like clothes. It may also cover some other losses, like liability if you are sued. You should feel comfortable with your payment and deductible, while still having enough coverage so that you do not suffer in case of a loss.

However, your jewelry may have limited coverage under your homeowner’s policy. Depending on the jewelry, it may be very expensive or one-of-a-kind. Items such as jewelry, electronics, collectibles and other kinds of items  If an item is very rare or valuable, it may exceed your policy limits. 

You also need to make sure that the reason for your loss is covered under your policy. While many specific situations are covered, such as windstorm, pipes freezing, volcanic eruption or theft, many policies have exclusions, such as losses due to flooding. You may also have a problem if you simply misplace or lose your jewelry, and that event is not specified in your policy. The most important thing is to understand your contract, and speak to your agent if you have any questions.

You can still get extra protection for your jewelry. In New Jersey, you can add more coverage by Endorsement. This is also called a Floater, or a Rider. If you are in Chester, NJ and want to discuss your options for adding coverage through The Insurance Outfit, please feel free to call any time to speak to one of our agents.