Can you Afford to Replace that Ring, Bracelet, etc.?

February 7, 2024||inPersonal Insurance|high value items, homeowners insurance, jewelry, personal insurance

You would be heartbroken if a sentimental and expensive piece of your jewelry was lost or stolen, and you could not afford to replace it.

Insuring jewelry is different from insuring your other personal possessions. Standard homeowners, renters, and condo insurance policies generally have only a $1,000 specific limit in the event of theft. You can increase that amount to $3,000 with some companies; however, you probably would have a coverage gap for an expensive item such as an engagement ring.

Solve this problem by scheduling high-value jewelry on your policy, which provides separate coverage, eliminates the deductible, and provides coverage in situations of theft and loss of an item.

Can you afford to replace that ring, bracelet, etc.?
Click here to submit an inquiry to Murphy Insurance or call us at 800 222 8711
Jewelry, Collectibles & Valuables Coverage Quote

Generally, it costs about $12.50 per $1,000 in coverage, so a $6,000 ring would cost about $75 to insure. It’s well worth it if you look down and find your diamond is missing.

Please complete a Jewelry Collectibles & Valuables Coverage Quote form if you want a quote on scheduling for your homeowners, condo, or renters policy. It takes just a minute, and an agent from Murphy Insurance will respond quickly.

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