Does standard homeowners policy includes coverage for jewelry

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Do I need separate coverage for jewelry?	WHAT IS HOMEOWNERS INSURANCE HOW OFTEN SHOULD I REVIEW MY POLICY WHAT TYPE OF INSURANCE DO I NEED FOR A CO-OP OR CONDO CAN I GET INSURANCE IF I RENT MY HOME DOES MY HOMEOWNERS INSURANCE COVER FLOODING RENTERS INSURANCE TYPES OF HOME INSURANCE EARTHQUAKE INSURANCE MOBILE HOME INSURANCE WHAT IS IN A STANDARD HOMEOWNERS INSURANCE POLICY? ARE THERE DIFFERENT TYPES OF POLICIES? CAN I OWN A HOME WITHOUT HOMEOWNERS INSURANCE? HOW DO I TAKE A HOME INVENTORY AND WHY? WHAT'S THE DIFFERENCE BETWEEN CANCELLATION AND NONRENEWAL? HOW MUCH HOMEOWNERS INSURANCE DO I NEED? DO I NEED SEPARATE COVERAGE FOR JEWELRY? I AM INSTALLING A POOL AND WHAT KIND OF INSURANCE DO I NEED? WHERE CAN I BUY INSURANCE? HOW DO I PICK AN INSURANCE COMPANY?
A standard homeowners policy includes coverage for jewelry and other precious items such as watches and furs. These items are covered for losses caused by all the perils included in your policy such as fire, windstorm, theft and vandalism. However, there are special limits of liability for certain items, meaning that the insurer will not pay more than the amount specified in the policy. One important limit is for the theft of jewelry. To keep coverage affordable because jewelry can be easily stolen, the standard policy has a relatively low limit of liability for theft: $1,500. If you own valuable jewelry, there are two ways you can increase coverage: by raising the limit of liability or “scheduling” your individual pieces through the purchase of “floater” policies. Raising the limit of liability is the cheapest option; however, there may be a limit on the amount you can claim for the loss of any individual piece, say $2,000, when the overall limit is $5,000. Scheduling each piece may cost more in premiums, but it offers broader protection because the floater covers losses of any type, including accidental losses—such as dropping your ring down the drain of the kitchen sink or leaving it in a hotel room—that your homeowners insurance policy will not cover. Before purchasing a floater, the items covered must be professionally appraised. The cost of this service varies by county or region according to the risk of theft. Article by: Insurance Information Institute Tags: bracelets jewelry jewelry pendants jewelry bracelet 14k jewelry handmade jewelry jewelry necklaces jewelry chain gold jewelry jewelry chains men's jewelry jewelry necklace heart jewelry pendant jewelry charms jewelry silver jewelry mens jewelry white gold jewelry pewter jewelry sterling silver jewelry cross jewelry sterling jewelry turquoise jewelry antique jewelry jewelry earrings charm jewelry crystal jewelry jewelry celtic gemstone jewelry jewelry beaded brooch jewelry pearl jewelry vintage jewelry wholesale jewelry stone jewelry jewelry designs designer jewelry jewelry ring bead jewelry costume jewelry fashion jewelry glass jewelry jewelry rings jewelry beads jewelry jewellery jewelry fine wedding jewelry jewelry watches jewelry diamonds jewelry store insurance coverage medicare coverage engagement jewelry benefits coverage medical coverage health insurance coverage wireless coverage

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