Sep 16, 2013
The standard homeowners policy coverage on jewelry and certain other valuables is covered to around $2,500 per category, according to the Insurance Information Institute.
So if your home is burglarized and your jewelry box emptied, you could get shorted. Even with a rider, which extends protection on specific items, you're covered for only the last appraised value. It's high time, therefore, to review your jewelry coverage. While you're at it, re-evaluate insurance on other valuables, too -- namely, art, antiques, furs, wines, and collectibles.
Get an appraisal
Ordinarily, having valuables appraised every five years is sufficient. But when their prices are particularly volatile, as with jewelry today, have it done every two years.