Kerrigan, O`Malley & BaileyAuto InsuranceUpdated on Apr 13, 2012 View more like this | Visit CLINTON, MA | Contact Astonish Kickstart |
company address:
77 High St
Clinton, MA 01510
Ph: 978-365-2302
Fx: 978 368-0060
77 High St
Clinton, MA 01510
Ph: 978-365-2302
Fx: 978 368-0060
Kerrigan, O`Malley & Bailey
77 High St Clinton, MA 01510 Clinton, MA
Homeowners’ Insurance for Engagement Rings
Is your engagement ring really covered under your homeowners’ insurance policy? The value of an engagement ring can be high, both in dollar and sentimental value. If you’re burgled, no insurance payout can make up for the loss of such a cherished item – but you’ll want to replace it with another if you can.
Unless you’ve “scheduled” or “endorsed” your engagement ring for a particular value on your policy you might find you have inadequate insurance to cover it under a basic policy. Homeowners’ insurance policies generally have a limit on the amount in total they will pay out for jewelry items stolen. That limit can be quite low – as little as $500 to $1500.
Many engagement rings are worth substantially more than that. Of course, burglars rarely take only one piece of jewelry so unless you have additional coverage for jewelry you could find yourself substantially out of pocket.
Before an insurer will provide additional coverage for your ring, you’ll need to have it appraised by a professional and provide the valuation certificate to the insurer. It’s a good idea to photograph your ring and keep a copy you can give to police if your ring is stolen.
Talk to us now about a competitive price on house insurance and having your engagement ring or other jewelry items scheduled.
Is your engagement ring really covered under your homeowners’ insurance policy? The value of an engagement ring can be high, both in dollar and sentimental value. If you’re burgled, no insurance payout can make up for the loss of such a cherished item – but you’ll want to replace it with another if you can.
Unless you’ve “scheduled” or “endorsed” your engagement ring for a particular value on your policy you might find you have inadequate insurance to cover it under a basic policy. Homeowners’ insurance policies generally have a limit on the amount in total they will pay out for jewelry items stolen. That limit can be quite low – as little as $500 to $1500.
Many engagement rings are worth substantially more than that. Of course, burglars rarely take only one piece of jewelry so unless you have additional coverage for jewelry you could find yourself substantially out of pocket.
Before an insurer will provide additional coverage for your ring, you’ll need to have it appraised by a professional and provide the valuation certificate to the insurer. It’s a good idea to photograph your ring and keep a copy you can give to police if your ring is stolen.
Talk to us now about a competitive price on house insurance and having your engagement ring or other jewelry items scheduled.
