GEICO Would Love to Save you Money and Heartaches!
Most homeowner's and renter's insurance policies include coverage for personal items such as jewelry. However, many policies limit the dollar amount for theft of valuable personal possessions such as jewelry, furs, and precious stones from $1,000 to $2,000. If you'd like increased protection for valuable items, an endorsement may provide the coverage you need. This additional coverage may be purchased through an endorsement to your policy.
Once you obtain this endorsement your piece of jewelry will have:
- Additional coverage for your jewelry beyond the amount covered in a standard policy
- Coverage in case you misplace a piece of jewelry or a stone falls out of the setting
Tips for protecting your jewelry:
- Make sure it is insured for the right amount
- Have the item appraised
- Keep a copy of the store receipt
- Take a picture of the item
- Keep your jewelry in a secure place such as a safe-deposit box
- When traveling only bring the jewels you are going to wear
- Never leave jewelry in your luggage while being transported by an airline, cruise line, or other public transportation
- Have your jewelry inspected regularly
The above is meant as general information and as general policy descriptions to help you understand the different types of coverages. These descriptions do not refer to any specific contract of insurance and they do not modify any definitions expressly stated in any contracts of insurance. We encourage you to speak to your insurance representative and to read your policy contract to fully understand your coverages.