What Does Personal Jewelry Insurance Mean?
Personal jewelry insurance provides financial protection for losses that can occur related to theft or damage of jewelry. Because it can be very valuable, easily concealed, and easily sold after it is stolen, jewelry is often excluded from standard personal property coverage.
Insuranceopedia Explains Personal Jewelry Insurance
Homeowner's and renter's insurance policies often carry a certain amount of coverage for unscheduled property, such as jewelry. However, policyholders with a significant amount of jewelry, or with particularly valuable items, may not have enough coverage unless they also purchase a personal jewelry insurance policy.
Jewelry floaters are another option for policyholders who want to insure this asset.