Jewelry Coverage in Your Homeowners Policy

Here is a tip on jewelry insurance. You can insure your jewelry under your Homeowner's policy or you can buy a separate policy from an insurance company that specializes in jewelry coverage.

The good thing of purchasing a jewelry insurance under your Homeowners Policy is, it is under one policy. It is easier to manage since there is only one bill, and you can ask for a discount. However, the disadvantage is if you have a claim under that policy, that claim counts against your Homeowners Policy.

The advantage of buying separate jewelry policy from an insurance company that specializes on it is if you have a claim it will be separate from your Homeowners Policy coverage.