Do you have valuable jewelry? Homeowners and renters policies cover jewelry, but with limits for theft coverage. For instance, Erie Insurance automatically provides $3,000 for theft of jewelry (other companies often have much lower limits, typically $1,000).

The best way to cover jewelry is to add a special endorsement or rider.  Special jewelry coverage provides the limits you need, and typically expands coverage to include loss of a stone and mysterious disappearance (we even paid for a diamond ring that was lost while swimming). For more valuable items, you will need an appraisal or bill of sale with a detailed description.

Some homeowners policies have an option to increase the limit for theft of jewelry.  This works well if you have several items and theft is your primary concern.

Give me a call or drop me an email if you have jewelry you would like to protect.

For more information, drop by our website at www.albionagencies.com, or get in touch with me.

The information in this post is general in nature, and geared toward insurance conditions in Western New York.  As always, you should speak with an insurance adviser to determine your specific insurance needs.