![\"Jewelry](\"https:\/\/www.noyeshallallen.com\/blog\/wp-content\/uploads\/2022\/03\/Jewelry-insurance-graphic.png\")
<\/figure>\n\n\n\n5 Reasons to Separately Insure Your Jewelry<\/h2>\n\n\n\n1. To Cover Jewelry Theft<\/span><\/h3>\n\n\n\nMaine renters insurance<\/a> policies only cover theft of jewelry up to $1,000 or $1,500. Maine condo insurance<\/a> policies and homeowners policies have the same limitation. If you separately list your jewelry (called “scheduling”), it’s covered for theft up to the listed value.<\/p>\n\n\n\n2. Jewelry Insurance is Cheap<\/span><\/h3>\n\n\n\nMaine jewelry insurance is inexpensive. Insuring a $5,000 ring often costs less than $50 a year on your homeowners policy. <\/p>\n\n\n\n
3. To Avoid Arguing with Your Insurance Company about Value<\/span><\/h3>\n\n\n\nAfter your jewelry is gone or damaged, it’s hard to prove what it was worth. What size and quality were the stones? What type and grade of metal was it? Scheduling more expensive pieces of jewelry requires an appraisal<\/a>. When your jewelry is appraised and scheduled, you and the insurance company agree up-front what you have and how much it’s worth.<\/p>\n\n\n\n4. Jewelry Insurance Can Avoid a Deductible<\/span><\/h3>\n\n\n\nYour homeowners policy has a property deductible. Often that’s $1,000 or more. If you lose a stone or a piece of jewelry, you’re less likely to replace it if you have to pay that kind of money. When you schedule your jewelry, there’s no deductible. That makes it more likely that you can replace or repair it.<\/p>\n\n\n\n
5. Broader Coverage for Damage<\/span><\/h3>\n\n\n\nHomeowners policies cover your belongings for 16 “named perils”. Those include everyday causes like fire, theft, etc. If you schedule your jewelry, it’s covered for “open perils”. In other words, if a cause of loss isn’t excluded in the policy, it’s covered. For example, losing a stone from a diamond ring is NOT covered on an unendorsed homeowners policy, but IS covered when the ring is scheduled.<\/p>\n\n\n\n
Maine Jewelry Insurance Quotes<\/h2>\n\n\n\n
Maine renters insurance<\/a> policies only cover theft of jewelry up to $1,000 or $1,500. Maine condo insurance<\/a> policies and homeowners policies have the same limitation. If you separately list your jewelry (called “scheduling”), it’s covered for theft up to the listed value.<\/p>\n\n\n\n Maine jewelry insurance is inexpensive. Insuring a $5,000 ring often costs less than $50 a year on your homeowners policy. <\/p>\n\n\n\n After your jewelry is gone or damaged, it’s hard to prove what it was worth. What size and quality were the stones? What type and grade of metal was it? Scheduling more expensive pieces of jewelry requires an appraisal<\/a>. When your jewelry is appraised and scheduled, you and the insurance company agree up-front what you have and how much it’s worth.<\/p>\n\n\n\n Your homeowners policy has a property deductible. Often that’s $1,000 or more. If you lose a stone or a piece of jewelry, you’re less likely to replace it if you have to pay that kind of money. When you schedule your jewelry, there’s no deductible. That makes it more likely that you can replace or repair it.<\/p>\n\n\n\n Homeowners policies cover your belongings for 16 “named perils”. Those include everyday causes like fire, theft, etc. If you schedule your jewelry, it’s covered for “open perils”. In other words, if a cause of loss isn’t excluded in the policy, it’s covered. For example, losing a stone from a diamond ring is NOT covered on an unendorsed homeowners policy, but IS covered when the ring is scheduled.<\/p>\n\n\n\n2. Jewelry Insurance is Cheap<\/span><\/h3>\n\n\n\n
3. To Avoid Arguing with Your Insurance Company about Value<\/span><\/h3>\n\n\n\n
4. Jewelry Insurance Can Avoid a Deductible<\/span><\/h3>\n\n\n\n
5. Broader Coverage for Damage<\/span><\/h3>\n\n\n\n
Maine Jewelry Insurance Quotes<\/h2>\n\n\n\n