What is My Homeowners Insurance Policy’s Sub-Limit For Jewelry?

Although the contents of your home may be covered for losses up to a specified amount, certain categories of contents may be subject to caps, known as sub-limits, on what you can claim for a loss. For example, although a policy may insure the contents of your home up to $100,000, your coverage for jewelry may have a cap of $1,000.

Some homeowners policies may have higher jewelry sub-limits, but the bottom line is that these amounts are small fractions of your contents coverage amount. Coverage for sub-limited items is also normally subject to your homeowners policy deductible.

You don’t need to have appraisals for your jewelry in order to file a claim under your homeowners policy.

What Risks Does My Homeowners Insurance Policy Cover?

Homeowners insurance usually covers theft for the contents of your home, but other kinds of risks may fall outside your coverage. What about damage to your jewelry and “mysterious disappearance?” If your items are lost, damaged, or stolen outside your home, are you covered?

Can I Purchase Additional Coverage?

You may be able to purchase additional coverage for your collection without the need for an appraisal.…