Do I Need Jewelry Insurance? Complete Guide
Hot Answered
My ring is worth several thousand dollars. Do I need separate insurance?
1 Answer
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Best Answer
Yes, you should insure valuable jewelry - standard home insurance is not enough.
Home Insurance Limits
- Usually only $1,000-$2,000 per item for theft
- $500-$1,000 deductible
- Does NOT cover loss or damage
Jewelry Insurance Rider Covers
Theft, loss, damage, worldwide travel, usually $0 deductible. Costs 1-2% of value per year ($30-$60/year for $3,000 ring).
Top Providers
Jewelers Mutual, Lavalier, BriteCo, or add rider to existing State Farm/Allstate policy.
1 day ago