Will Home Insurance Cover My Expensive Jewelry?

If you own any valuable jewelery, antiques or family heirlooms then you need to read this. You might assume that if you pay your Atlanta homeowners insurance policy on time that you would be automatically covered in case of a theft. You will be if… you have something called an insurance “rider”. What is a “rider” and why do you need one?

With the rise of unemployment we are seeing more and more break ins in Atlanta. What if someone stole your engagement ring or favorite antique?  Would it be covered?  Well that depends on how much it is worth.  Most insurance companies will provide up to $1,000 in theft coverage for an item.

Lets take a scenario of your $3,000 diamond ring being stolen. Your basic home owners policy will pay $1,000 towards that claim. You would then be $2,000 short if you wanted to buy a new one just like it. That is why it may be wise to invest in a “rider” to cover these valuables that you have. This “mini insurance policy” will cover you up to $10,000 or more if you need it. This means that you will have more than enough money to replace your precious possessions.

Tina, from Braselton GA has a beautiful engagement ring and wedding band that she has worn for the past 23 years.  They mean the world to her.  The idea of having them stolen and not being able to replace them was devastating to her.  She looked into a jewelry rider and was pleasantly surprised at how affordable it was.  Tina explains, “I was surprised that I could have $11,000 of jewelry protection for about .29 cents a day. Now I don’t have to worry about losing them any longer. I now know I can afford to replace them.”

What are some additional items that can be protected by riders?

1. Do you have antiques?
2. Expensive computers?
3. Expensive cameras and lenses?
4. Silverware?
5. Golf equipment?
6. Fine art?
7. Minks and furs?
8. Valuable sports memorabilia?

If you would like to see how affordable it is to protect your valuable possessions with a rider contact the your GA insurance agent, the Lloyd pro Group at (770) 381-5000

Lloyd Pro Group a Duluth GA Nationwide insurance agency have been protecting Atlanta’s valuables since 1985. Lloyd Pro Group can be reached at (770) 381-5000 or on their website at http://www.lloydprogroup.com

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One response to “Will Home Insurance Cover My Expensive Jewelry?”

1. The Antique Show And Your Home Insurance Policy writes:
   

   [...] you go about insuring this painting for $100,000? Recently we had an article that talked about insurance “riders” . This is a “mini” insurance policy that protects your valuables and antiques. A [...]

   @ December 30th, 2009 at 15:35

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