Why a Separate Jewelry Insurance Policy May Offer Better Protection Than a Home Endorsement

​Thinking your homeowners insurance fully covers your jewelry?

Think again. Here’s why a separate jewelry policy may be the smarter, more secure option.

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Your Jewelry Deserves More Than Just "Basic Coverage"

Jewelry holds deep emotional and financial value—but is yours truly protected?

Many homeowners assume their valuable pieces are automatically covered under their home insurance policy. In reality, most policies only provide limited coverage, often capping payouts at $1,500 to $2,500 for all jewelry combined in cases of theft or covered loss.

So what happens when your $9,000 wedding ring or $12,000 Rolex is stolen or accidentally lost?

💍 Standard Home Insurance Limitations
Homeowners or renters insurance typically includes personal property protection, but:

• It only covers named perils (like theft or fire—not loss or damage)
• It places sub-limits on certain categories like jewelry, art, and electronics
• It often applies a deductible, sometimes higher than the value of a single item
• Claims for lost or stolen jewelry can affect your home policy premium

Example:
Let’s say your $8,500 diamond earrings are stolen during a break-in. If your policy has a $1,500 sub-limit and a $1,000 deductible, your payout may only be $500—if that.

🔐 What Is a Jewelry Endorsement?
Also called scheduled personal property, this add-on allows you to list specific items (like a wedding ring or antique brooch) and increase the coverage limit for those items.

Benefits:

• Can raise the item’s insured value to match appraisal
• May include broader coverage for additional perils (not just theft)
• Still part of your home policy

Drawbacks:

• Claim may still impact your homeowners insurance rates
• Not all losses are covered (e.g., mysterious disappearance may be excluded)
• A deductible often still applies

💎 Why a Separate Jewelry Insurance Policy Is Often Better

A standalone jewelry insurance policy is offered by carriers like Jewelers Mutual, BriteCo, or through specialized coverage offered by partners like Chubb. These policies are separate from your home policy and offer distinct advantages.

✅ Key Benefits:

• Worldwide coverage — great for travel
• Mysterious disappearance included — even if you don’t know where or how it went missing
• No deductible or flexible deductible options
• Doesn’t affect your homeowners premium if you file a claim
• Covers repairs or replacements in full based on appraised value

Example Scenario:
You take off your ring at a beach resort and realize later it’s gone. Your home policy won’t cover this—most endorsements won’t either. But a separate jewelry policy with carriers like  BriteCo will likely cover the full loss if your policy includes it.

📈 How Much Does Separate Jewelry Insurance Cost?

Typically, a policy costs 1–2% of the appraised value annually.
Example:

• $10,000 ring = ~$100–$200 per year
• No deductible, full-value coverage

It’s a small price for significant peace of mind.

📝 When to Consider a Standalone Jewelry Policy

You should seriously consider separate jewelry coverage if:

• Your piece exceeds the $1,500–$2,500 limit on your home policy
• You travel or wear your jewelry often
• Your item is irreplaceable or highly sentimental
• You want coverage for loss, damage, and theft
• You don’t want a jewelry claim to increase your home insurance rates

🔍 Pro Tip: Always Appraise Before You InsureMost insurers require a professional appraisal to write a policy or endorsement. If it’s been several years since your last appraisal, prices may have increased—leaving you underinsured.

Ask your Corin Insurance advisor how often to update your appraisals.

🧾 Final Thoughts
​Your most cherished items deserve more than the “maybe” coverage in a general home policy. A separate jewelry insurance policy offers clarity, confidence, and coverage you can actually count on.

💬 Let Corin Insurance help you compare your options and decide if scheduling your jewelry or choosing a standalone policy is the best fit for your lifestyle.

Disclaimer: Coverage, terms, and pricing vary by provider and policy. This article is for informational purposes only and does not guarantee or replace insurance advice. Please consult with a licensed Corin Insurance advisor to review your policy details and ensure proper protection.