• By Allan M Block Blogging Team
  • Posted February 20, 2016

My Jewelry Isn’t Covered???


OK so you have a homeowner policy and you think your jewelry is covered in the event of a theft, loss or other damage.  Think again.  While you do have coverage for this, the amount of coverage is limited. Most policies will only pay $1,500 per item with a maximum total of $5,000.

Did you know the average engagement ring cost $5,855 in 2014 according to The Knot.  In 1999 the average cost of an engagement ring was just over $3,000. Many watches are now over $1,500. With just a few jewelry items, the average homeowner can easily exceed the $5,000 jewelry limit.

With this in mind we suggest you take inventory of your jewelry collection. You should also consider obtaining appraisals for your jewelry. This is very useful should you have a loss. Next together, let us review your coverage needs for your jewelry or special collection. There are options to provide the coverage you need. We can either schedule your pieces or provide blanket coverage.  Our goal is to assure you have the coverage you need.


For more information or answers to your insurance questions, contact us at Allan Block Insurance Agency, www.ambins.com, located in Tarrytown, NY in the heart of Westchester County, a key business district near New York City.  We write auto, home, renters, condo, co-op, personal, business, life and group insurance for clients locally and in NYC, CT, NJ, PA, MA and many other states. The Professional Agency with the Personal Touch.