You can get jewelry insurance by adding a scheduled floater to your homeowners insurance policy or by buying a separate policy that only covers jewelry.
The full value of your jewelry should be covered by a jewelry insurance policy in the event of theft, accidental loss, or a baffling disappearance.
After you have paid your deductible, the insurance company will cover the cost of replacing or repairing your jewelry to the same quality and standards as the original.
The majority of insurance policies for jewelry cost between 1% and 2% of the value of the item. A $10,000 wedding ring insurance policy, for instance, could set you back anywhere from $100 to $200 per year.
But the insurance company you choose, the limits of your coverage, your deductible, and where you store your jewelry will all affect how much you pay for it. Jewelry insurance companies usually cover a lot of things, though.
The majority of providers offer protection against loss, theft, damage, and disappearance. Your jewelry may be covered by some companies on an all-risk basis, which means that it will be protected from any circumstance that is not specifically excluded by the policy.
Keep in mind that jewelry insurance typically does not cover damage caused by intentional acts or wear and tear.
