Did you know that typical homeowners or renters policies often do not provide effective coverage for your jewelry? They’ll protect what most policies cover, which is theft or fire, but the coverage limit is likely not enough to fully cover the cost to repair or replace one piece of fine jewelry if you need to. What about other occurrences that may happen while you’re at home, like dropping a diamond earring down the drain or chipping a gemstone on a countertop? Do you have the appropriate jewelry insurance?
Jewelers Mutual Insurance Group discusses the limits of a homeowners insurance policy, how best to protect your jewelry, and how to get jewelry insurance in their blog, The One Thing Your Homeowners Insurance Won’t Cover.