Protect the “What Ifs?” this Valentines Day

Valentine`s Day is almost here and that can come with some anxiety about what to get your significant other for the holiday. Perhaps you have already bought a gift for them or are doing some last-minute shopping. Regardless of the gift that you may be buying them, have you thought about what may happen after the holidays. The so-called what ifs, if something happens and the item is stolen or lost. The insurance that you have may not cover as much as you may think. Below are some facts about jewelry insurance that you may not know

· Most homeowners’ insurance policies cover jewelry against named perils, such as theft or fire, but with limits. The coverage limit is usually around 50% of the dwelling coverage amount

· For jewelry theft, insurers often place a sublimit of $1,000 to $2,500, depending on the provider. This is the maximum amount reimbursed for a loss.

· Jewelry is not covered for loss through negligence, mysterious disappearance, or accidental damage

· In order to cover jewelry for its full value, homeowners may need to add a scheduled personal property endorsement or standalone jewelry insurance.

Please feel free to contact us if you have any questions about your homeowners policy. We are more than happy to review your policy with you to make sure that it covers your needs.