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    pastor1189's Avatar
    pastor1189 Posts: 1,538, Reputation: 3
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    #1

    Mar 17, 2016, 04:11 AM
    Jewelry Insurance
    On personal property especially jewelry. I think it is covered under your homeowner's policy. In the enclosed sample it show personal property at $36.496 with something called primary use at $28.00 maybe that is a deductible???
    Should you buy a separate policy just to cover the jewelry??
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    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #2

    Mar 17, 2016, 04:58 AM
    Personal property insurance covers items in your home that might be stolen or destroyed in a fire or storm. The $28.00 is the cost of the insurance on personal property. Most policies cover jewelry only up to $1500 - you will find the specifics in your policy. You can ask your insurance carrier about additional insurance protection for jewelry - you will need a receipt or appraisal to establish the value of each piece you want insured.
    pastor1189's Avatar
    pastor1189 Posts: 1,538, Reputation: 3
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    #3

    Mar 17, 2016, 05:53 AM
    Very good information. Thanks
    ma0641's Avatar
    ma0641 Posts: 15,675, Reputation: 1012
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    #4

    Mar 17, 2016, 06:10 AM
    EbaInes is correct. If you want more coverage than what is in your policy, you get a Jewelry Floater and schedule the items. Policy would cover on and off premises loss while your HO may only cover specific loss off premises and at a non scheduled limit.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #5

    Mar 17, 2016, 06:18 AM
    It almost always has a separate limit other than your full personal property. Normally it will be a 500 or 1000 dollar limit, The deductable will be your normal standard deductable, 500, 1000, 5000 what ever it is on the full policy.

    You can add a rider for it, an attachment to your policy for often 5000, 10,000 or 25,000 (perhaps more depending on policy and company.

    Seldom do you buy a separate policy unless you have specific items, a ring, a watch, a necklace that has esp high value, maybe a diamond of investment value of 30,000 or something
    pastor1189's Avatar
    pastor1189 Posts: 1,538, Reputation: 3
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    #6

    Mar 17, 2016, 06:47 AM
    Wonderful advice
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #7

    Mar 17, 2016, 08:40 AM
    Not done it for a while, but I still have all my insurance license. Take the yearly training.
    teacherjenn4's Avatar
    teacherjenn4 Posts: 4,005, Reputation: 468
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    #8

    Mar 17, 2016, 07:48 PM
    Don't forget that you'll need an appraisal with pictures of the items.
    pastor1189's Avatar
    pastor1189 Posts: 1,538, Reputation: 3
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    #9

    Mar 18, 2016, 05:11 AM
    Yes thank you so much.
    J_9's Avatar
    J_9 Posts: 40,298, Reputation: 5646
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    #10

    Mar 18, 2016, 05:22 AM
    Quote Originally Posted by teacherjenn4 View Post
    Don't forget that you'll need an appraisal with pictures of the items.
    . The appraisal will have to be done with the actual items of jewelry, not the pictures.
    teacherjenn4's Avatar
    teacherjenn4 Posts: 4,005, Reputation: 468
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    #11

    Mar 18, 2016, 06:38 AM
    I guess I wasn't clear. You'll need to turn your appraisal in to the insurance company. After jewelry is appraised, you'll receive paperwork including pictures to take to your insurance company.

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