30
Jan

Does NJ Homeowners Insurance Cover Jewelry Lost or Stolen While Outside the Home?

Diamond ring on woman's hand

Does NJ Homeowners Insurance Cover Jewelry
Lost or Stolen While Outside the Home?

The loss of any high priced piece of of jewelry can be extremely frustrating – especially if that item holds sentimental value. But will your NJ homeowners insurance cover that item if it were to get stolen outside of your home?

Well in most theft cases your NJ homeowners insurance will certainly pick up the tab. There are usually
upper limits that exists for high-value items like jewelry, art and firearms that
are far less than your policy’s maximum payout. For example, if
your house was insured for $300,000 but there was a limit on jewelry
coverage of $5,000, the most your NJ homeowners insurance policy would pay for stolen jewelry is
$5,000, even if you lost $100,000 of jewelry. You can always buy special
coverage or rider policies that cover jewelry and these other
possessions specifically, often without a deductible.

If you own
high-value jewelry, you should always have the purchase and value documented by
an appraiser, and have photos with the documentation saved in a safe
place.

For Insurance in New Jersey, American Insurance Services Agency is
your Insurance Agent of choice. We offer affordable NJ auto, business
and home insurance coverage and policies.Contact us today online or by calling (732)  680-4444