Jewelry Coverage: Protect What Matters Most
Jewelry often carries more than just monetary value—it holds sentimental memories and personal significance. However, accidents, theft, or loss can happen unexpectedly. That’s where jewelry coverage comes in, ensuring your treasured pieces are protected when life takes an unexpected turn.
Types of Jewelry Coverage: Blanket vs. Scheduled
When insuring your jewelry, it’s important to understand the difference between blanket coverage and scheduled coverage:
- Blanket Coverage: Provides a general limit for all your valuables without itemizing each piece. This option is great for smaller collections but may have lower coverage limits.
- Scheduled Coverage: Involves listing each piece individually with appraised values. While it may require more paperwork, this option ensures each item is insured for its full appraised value.
Deciding between blanket and scheduled coverage depends on the value of your collection and how much detailed protection you need.
Jewelry Coverage on a Homeowners Policy vs. a Stand-Alone Policy
Jewelry coverage under a homeowners policy is often limited in scope and may have:
- Coverage limits for theft or loss (e.g., $1,500 or less for jewelry).
- A deductible that applies to claims.
- Potentially limited protection for accidental loss (e.g., dropping a ring down the drain).
In contrast, a stand-alone jewelry policy offers more robust protection:
- Coverage for accidental loss, mysterious disappearance, theft, and damage.
- No or low deductibles, making it easier to file a claim.
- Tailored policies for high-value items or collections.
Choosing between a homeowners policy rider and a stand-alone policy depends on your coverage needs. If your jewelry is particularly valuable or extensive, a stand-alone jewelry policy often provides the peace of mind you’re looking for. We are happy to guide you in what coverage is best for you. Check out our blog to better understand the difference.
Why Choose Jewelry Coverage Through Our Agency?
At The Mitchell Insurance Group, we offer personalized solutions to help you secure the right jewelry coverage. Whether you’re adding a rider to your homeowners policy or opting for a stand-alone policy, we’re here to guide you every step of the way.
Contact us today for a quick and easy jewelry insurance quote or to learn more about protecting your valuables.
