Does homeowners insurance in Michigan cover lost or stolen jewelry?
Friday, February 27th, 2009 at
10:14 am
Amanda J asked:
My boyfriend had his ex-fiance’s engagement ring and wedding band’s stolen. My mom told me that she thought home-owner’s insurance might cover it. Has anyone else heard about this, or know if it’s true?
My boyfriend had his ex-fiance’s engagement ring and wedding band’s stolen. My mom told me that she thought home-owner’s insurance might cover it. Has anyone else heard about this, or know if it’s true?
Tagged with: Homeowners Insurance • Insurance • Wedding Band
Filed under: Homeowners Insurance
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not if you don’t have contents on the policy
Every homeowners policy is different–you pick the coverage you want when you purchase it; so you would need to call your insurance company & ask. Often they cap luxury items such a furs, jewelery, cameras, computers etc. They do not cover lost items however, things you break yourself etc.
on a standard HO3 homeowners policy it would be covered for THEFT but only up to a limit. (most states $1000-1500) If it was worth more or if it was just lost it would have to be scheduled onto the policy to have coverage. so if it was stolen, he would have to call police and file a report and have proof of ownership. anytime you have valuable jewelry its best to schedule onto your home policy so you have coverage no matter what and up to full value.