Jewelry Insurance, and Insuring Guns and Silverware on your Homeowners Policy

Question: Does my homeowners policy cover jewelry, guns and silverware? What about other valuables in my home? That’s an excellent question, and one that is frequently asked by our customers. Most families own jewelry and other valuable items that may need special coverage.

jewelry insurance

Your homeowners policy covers all personal property owned or used by your family, with exceptions for motor vehicles, trailers and watercraft, among other things.

However, special coverage, such as a special jewelry insurance, may be needed for some items of personal property, because the typical homeowners policy either limits the amount of coverage available on those items or doesn’t adequately address the unique values of the items. In addition, most homeowners policies don’t cover causes of loss that affect items of valuable property with regularity.

Here are examples of losses that may not be covered by your policy:

  • Expensive jewelry is especially susceptible to loss by theft, as are guns, furs and silverware and need special jewelry insurance or collectibles insurance coverages. For this reason, virtually all insurance companies provide only a small amount of coverage for theft of these items. The limit may be as low as $500 on some policies.
  • Some policies provide a limited amount of jewelry insurance or special coverage on other personal property when it is away from your home. If you take expensive jewelry or guns with you when you travel, this could be a problem.
  • Most policies don’t cover precious stones if they are lost from their settings, or fragile objects if they are dropped and broken.
  • Antiques, fine art and other collectibles may not be covered for their full values.

If you own any of the following types of property, talk to your agent about the need for special coverage that will provide the protection you need:

  • Jewelry or Watches
  • Furs
  • Coin or Stamp Collections
  • Precious or Semi-Precious Stones
  • Firearms and Related Equipment
  • Silverware, Goldware or Platinumware and Related Objects
  • Objects of Fine Art
  • Collectibles
  • Cameras
  • Musical Instruments

Swingle, Collins & Associates specializes in personal property and casualty insurance coverage in Dallas, Southlake, Highland Park, and Plano for affluent families and high net worth individuals. The descriptions of coverage listed on this website are brief and subject to the provisions, limitations, and exclusions that can only be expressed in your policy and related endorsements. For additional information of how Swingle, Collins & Associates can assist in meeting your coverage needs for property and casualty insurance please contact your dedicated risk manager to discuss the benefits and services of personal homeowners insurance coverage.

The information contained on this page is provided for informational and educational purposes only. It contains general information on insurance issues and may not reflect the most current developments in insurance coverage and is unlikely to apply in all factual scenarios. The information does not include all the terms, coverage, exclusions, limitations or conditions that may be contained in the actual insurance contract language. The policies themselves must be read for those details. Sample policy forms will be made available upon reasonable request.