Many losses can be prevented by having a jeweler inspect your jewelry for loose stones, faulty clasps, worn prongs, etc. That's why we require periodic inspections of your insured items. In addition to inspecting your jewelry, the jeweler will update the values, if necessary, to help you maintain adequate insurance. Homeowners insurers may not require routine visits to your jeweler to have insured items inspected and values updated. Thus, your jewelry could be underinsured and, if you lose one of the items, you may have to pay a portion of the cost to have it replaced.
Inspections help to reduce losses and keep premiums down.
Other factors to consider Some insurance companies may not allow you to insure your jewelry through your homeowners insurance policy, or they may only provide limited coverage for your items. In these instances, your jewelry would be uninsured or not insured to its full value. In addition, if you do have a jewelry claim, it may affect your homeowners or renters insurance premium. Your homeowners or renters policy may not insure jewelry you buy for someone else who doesn't live with you. An engagement ring, for example, may not be insured under a homeowners or renters policy because the person possessing the item is not insured under your policy.