Does homeowners insurance cover lost or damaged jewelry?


Jewelry and other expensive valuables are covered by homeowners insurance, but you’re only covered up to a certain amount — usually anywhere from $1,000–$2,000 per item. If you have valuable belongings, you may be able to increase your coverage limits.

With homeowners insurance, your jewelry and any other expensive valuables you own, like fine furs and musical instruments, are covered under the personal property coverage section of your policy. These items are covered for losses caused by the perils listed in your homeowners insurance policy, including house fires, windstorms, theft, and vandalism.

However, flood-damaged property isn’t covered unless you have additional flood coverage. If you misplace or lose something, that typically isn’t covered either. Furthermore, since jewelry and other high-value possessions are a target for thieves, insurance companies offset that high theft risk by limiting the amount they’ll pay out for jewelry theft claims. Also known as a sublimit , this is the maximum amount your insurer will reimburse you for individual items or a class of items. Jewelry sublimits in a standard policy are usually anywhere between $1,000 and $2,000 per item — while collectively your jewelry reimbursements may be capped at around $2,500.

If you recently bought an engagement ring or a Rolex watch that exceeds your policy sublimits, you can still insure those items for their full value by adding a scheduled personal property or personal articles floater or endorsement to your home insurance policy. A personal valuables endorsement also typically covers loss due to mysterious disappearance.

Key Takeaways

  • Homeowners insurance covers jewelry losses, but only up to a limited amount

  • Homeowners insurance doesn’t cover lost or flood-damaged jewelry, but additional coverage is available for those types of loss

  • For higher coverage limits and more comprehensive protection, consider a scheduled personal property endorsement or stand-alone jewelry insurance

How jewelry is covered in a standard homeowners insurance policy

Standard homeowners insurance covers items like jewelry, furs, art and firearms from the 16 perils listed in the personal property coverage portion of the policy. If your jewelry collection is destroyed in a fire, you’ll be reimbursed for the loss (minus your deductible) up to the personal property coverage limit in your policy, which is typically around 50% of your home’s insured value or dwelling coverage amount.

But there are also limits to some belongings that you should be aware of. Jewelry and high-value items aren’t covered if they’re misplaced or damaged by flooding. There are also reimbursement limits — or sublimits — that are applied to certain expensive valuables if they’re stolen from you. Sublimits can come both in the form of per-item and blanket sublimits.

For example, if your per-item jewelry sublimit is $1,000, the maximum you’ll be paid out for a single piece of jewelry is $1,000. If your collective jewelry sublimit is $2,500, the maximum you’ll be paid out for all of your jewelry in the event of a theft loss is $2,500.

Keep in mind that you’ll also need to pay your deductible before your insurance company will reimburse you for a claim. That means if $2,000 worth of jewelry was taken from your home and you have a $1,500 deductible, you’ll need to pay $1,500 out of pocket before your insurer will reimburse you for the remaining $500.

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Does homeowners insurance cover lost jewelry?

As we touched on earlier, a standard home insurance policy doesn’t cover jewelry and other expensive valuables (or any personal belongings, for that matter) if they’re lost or if they mysteriously disappear from your residence.

But many homeowners insurance companies and specialized jewelry insurers offer comprehensive coverage options that cover a wider variety of losses, so if you’re anxious about leaving your bling at the beach or in the gym shower, you’re in luck.

Interested in enhanced protection and higher coverage limits for your expensive personal belongings? Look no further than Policygenius — we can set you up with a homeowners insurance or personal articles policy that suits your personal property coverage needs.

Additional coverage for jewelry and expensive valuables

If you recently got engaged to be married and your engagement ring exceeds the theft coverage limits in your policy, you’ll want to get additional coverage to ensure you’re fully covered in the event that something bad happens. Here’s a few ways you can do that:

See if you can raise the sublimits in your policy

Some homeowners insurance companies will let you simply raise the limits of liability for items with reimbursement limits — including jewelry, furs, electronics, collectibles, and more. Depending on the company, you may be able to raise the limits for individual categories of items (referred to as blanket coverage) or select a product tier that raises the coverage limits across every category. For example, if your standard policy limit for jewelry is $1,000/$2,500, your company may let you increase it to $2,000/$5,000 or $2,000/$10,000.

Check for coverage endorsements like a schedule property or personal articles floater

Most homeowners insurance companies will also let you itemize or “schedule” expensive valuables by adding a scheduled personal property or personal articles endorsement to your policy for an additional premium. While it depends on the company, these endorsements let you raise the coverage limits on certain items to $10,000 and cover all types of loss, including mysterious disappearance or if you accidentally drop your jewelry down the drain.

Consider jewelry insurance

If you don’t have homeowners or renters insurance, you can also look into stand-alone jewelry insurance. Like a scheduled personal property endorsement, jewelry insurance covers jewelry against more instances of loss than a standard policy. You also don’t need to pay a deductible on a jewelry insurance claim.

Most major home and auto insurance companies also offer jewelry insurance. Progressive, for example, offers jewelry coverage that costs anywhere from 1–2% of the appraised value of your jewelry annually.