Does Renters Insurance Cover Jewelry?

Renters insurance can be an important tool in the aftermath of a disaster. Whether your belongings were damaged in a fire or you’ve been the victim of a theft, having renters insurance can make the recovery much easier and less stressful. Knowing what’s covered by your renters insurance policy is important, especially if you have valuable jewelry. The team at DePaulo Agency servicing Scotia, NY can help you understand your policy, including what’s covered and what isn’t. 

What Does Renters Insurance Cover?

Renters insurance provides coverage for your belongings when certain events occur. Renters insurance usually covers damage from fire, lightning, vandalism, theft, hail, wind, and explosions. 

Does Renters Insurance Cover Jewelry? 

Typically, renters insurance covers jewelry — to a point. It’s common for renters insurance policies to provide limits on jewelry and other expensive items. If you have renters insurance and want to ensure that your valuable jewelry is covered, you may need to add a scheduled personal property endorsement (also called a rider) to protect specific jewelry pieces. 

If you believe that the value of your jewelry exceeds the coverage limits on your renters insurance, start by getting an appraisal. You can use this appraisal to get a rider for your policy. You can also use this rider to get additional coverage for your jewelry, so that you can use your insurance to get the item replaced even if you lose it outside your home. 

How Can You Get Full Protection for Your Jewelry? 

Getting full protection for your jewelry starts with a conversation with DePaulo Agency servicing Scotia, NY. We’re an independent insurance agency, which means that we work with many insurance companies. When you want a policy, we can shop around to get you a policy that works for your needs. Call today.