{"id":1189,"date":"2010-12-23T12:31:29","date_gmt":"2010-12-23T17:31:29","guid":{"rendered":"http:\/\/www.noyeshallallen.com\/?p=1189"},"modified":"2017-11-09T08:52:37","modified_gmt":"2017-11-09T14:52:37","slug":"does-homeowners-insurance-cover-jewelry","status":"publish","type":"post","link":"https:\/\/www.noyeshallallen.com\/blog\/does-homeowners-insurance-cover-jewelry\/","title":{"rendered":"Does Homeowners Insurance Cover Jewelry?"},"content":{"rendered":"

\"an<\/a>During the holidays, many people unwrap something small and sparkly. \u00a0Most think that their jewelry is covered by their Maine homeowners insurance<\/a>, renters insurance or condo insurance. They’re partly right.<\/p>\n

Automatic Jewelry Insurance on Your Homeowners Policy<\/strong>
\n“Off the shelf” homeowners policies do cover jewelry against perils such as fire, windstorm or vandalism. \u00a0 But that stuff doesn’t happen very often. Theft of jewelry – the most common peril – is limited, \u00a0often to $1,000 total.<\/p>\n

“That Stinks!” – Why Do Insurance Companies Limit Theft of Jewelry?<\/strong>
\nTheft of jewelry (and firearms, furs, fine art, money, and other “special classes” of property) is limited for 2 reasons:<\/p>\n

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  1. Everyone’s Maine homeowners insurance rates<\/a> would go up to pay for these losses if coverage was automatic.<\/li>\n
  2. Not everyone collects those things. You don’t want to pay more so that I can have automatic jewelry coverage, and I don’t want to pay to insure your hunting rifles.<\/li>\n<\/ol>\n

    So, everyone has to insure their own jewelry, guns, etc. In insurance jargon, that’s called “scheduling jewelry”, because each piece is listed and valued separately. That list is known as a “schedule”.<\/p>\n

    4 More Reasons to Separately Insure Your Jewelry<\/strong><\/p>\n