Diamond ringIf you have just gotten married, you’re embarking on a wonderful adventure. Still, your life has changed dramatically. You have a new family member to take care of, and shared possessions to protect. Among these precious items might be your wedding rings.

Often, the rings are some of the most valuable and beloved items a couple has. If something were to happen to your ring, you might feel a terrible sense of loss. While you can’t replace the sentiment, you might be able to use homeowner’s insurance to replace the item itself.

Homeowners Coverage for Jewelry

When you buy a homeowner’s policy, it will likely include a degree of possessions coverage. Should a covered peril strike your home and damage your belongings, you might have coverage to replace them.

Many homeowner’s policies cover jewelry loss. However, the jewelry coverage often comes with conditions:

  • Your policy likely won’t cover your ring if you simply lose it. For example, losing the ring while out hiking likely won’t qualify for a claim. However, if a peril like a house fire destroys your ring, the policy should provide coverage.
  • Many standard homeowners policies offer only limited jewelry coverage. They might only provide a certain dollar limit for lost rings. For example, if you lose a $10,000 ring, and you only have $2,000 in coverage on your policy, the most compensation you can receive from insurance is $2,000. That’s still an $8,000 value lost.
  • Sometimes, limits may exist for certain jewelry damage and not for others. For example, jewelry theft might only lead to partial coverage, while damage in a fire might fully cover the ring.

Fully Insuring Your Wedding Ring

If something happens to your ring, you want to get it back. Therefore, take care to make sure you have adequate insurance on the item. With the right coverage, you can minimize the impact of a lost ring.

Comprehensive insurance is usually the most expensive type of home coverage. It is different from standard homeowner’s coverage, and covers the most damages. Comprehensive insurance might still place dollar limits on jewelry coverage. However, it might cover simple losses to your jewelry.

You might be able to add a jewelry rider to your standard homeowners insurance. This policy endorsement can extend specific coverage to certain jewelry. The item will have detailed coverage pertaining directly to its ownership. Present your insurer with photographs, an appraisal or other information about the rings. This can help ensure you get full protection.

For more information on insuring jewelry with Texas homeowners insurance, contact one of our agents today at (844) 748-5675.

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