How much does jewelry insurance cost?

[neovan]

I tried to add a piece of jewelry to my homeowner's insurance but they said they couldn't do it and it had to be written up in a separate personal policy. I asked them for a quote and they said it would range from $300 to $550 depending on my deductible.

Anybody have jewelry insurance tacked on to their homeowner's policy or do you have it on a separate policy?

 

[Monkey muppet]

My house contents insurance policy covers me cover £300 in cash, £100 watch, £200 phone.

anything over £1,000 had to be mentioned (and proved) which hiked up the price by £10 a month.

 

[richardycc]

added $10k coverage, and cost me $100 more a year.

 

[amish]

my fiancee's ring is tacked on to our home insurance. they based how much extra the cost would be on how much the ring appraised for. i cannot remember how much it went up, but i'm thinking that it wasn't too much.

 

[KoolAidKid]

My quotes we all in the range of $10/year per $1K insured value. This is in addition to the rental insurance that I carry.

 

[dman]

Originally posted by: amish
my fiancee's ring is tacked on to our home insurance. they based how much extra the cost would be on how much the ring appraised for. i cannot remember how much it went up, but i'm thinking that it wasn't too much.

Same here, for my Wife's. We had insurance on it while we were in an apt, and it required a content insurance policy then and when we moved the insurance company wanted too much for homeowners policy so we moved everything to a new company and the ring was included in that policy.

Get it appraised and get some quotes from a few companies.

 

[dullard]

For our jewelry it is roughly $3 a month ($3000 in coverage). So $36 a year. This is with State Farm. But since for every additional thing you have covered, your car insurance goes down, I may even be earning money by adding this policy.

 

[neovan]

Originally posted by: dullard
For our jewelry it is roughly $3 a month ($3000 in coverage). So $36 a year. This is with State Farm. But since for every additional thing you have covered, your car insurance goes down, I may even be earning money by adding this policy.

that's odd. I have state farm too and they told me I needed a separate policy. I think she might be BSing me so she could write up a another policy.

 

[dullard]

Originally posted by: neovan
that's odd. I have state farm too and they told me I needed a separate policy. I think she might be BSing me so she could write up a another policy.

That was a seperate policy that I mentioned.

 

[DBL]

Well, for a High $ item like an engagement ring, you would usually require a separate rider in addition to your current homeowners/renters insurance. Mine is $33 per 1K coverage per year in NYC.