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Does homeowner’s insurance cover lost or damaged jewelry?

Man putting necklace on woman

Of all the items in your home, your jewelry is probably among the most valuable. Depending on where you live, there are several unpredictable factors that could lead to the loss or damage of some of your most prized possessions. An extended warranty for your jewelry can help protect it in case something happens.

Homeowner's insurance is important to have, but it's also not a catch-all policy for everything in your home. With that in mind, it’s important that you understand exactly what your homeowner’s policy covers in terms of lost or damaged jewelry.

What does a standard home warranty cover?

Before assuming that your jewelry is protected, it's important to make sure you understand exactly what limitations there are for your standard home warranty. The specific ins and outs of a home warranty policy can be complex, but knowing exactly what is covered will ensure you are prepared for anything.

A standard homeowner’s policy protects your jewelry and personal belongings from the following damages:

  • Vandalism
  • Natural disasters and weather-related damage
  • Water damage such as a burst pipe
  • Fire and smoke damage
  • Theft

In the event of a burglary, a standard home warranty policy will only cover up to $1,000-$2,000 for any amount of jewelry stolen. Although this might seem like a good amount of coverage, depending on the value of your collection, it might not even begin to cover your potential losses.

Additionally, if your policy provides over $300,000 worth of coverage for your home, it cannot be applied to high-value personal property because it’s considered too fragile and easily lost or stolen.

What isn't covered by a home warranty?

Some people assume that their items will be covered in the event of accidental loss, but that isn’t always the case. For example, if you lose or misplace your engagement ring, you aren't covered for the replacement cost if it isn't listed in your policy.

A standard homeowner’s policy doesn't protect your belongings against any type of accidental damage through fault of your own. In fact, anything related to neglect or lack of maintenance is automatically not protected.

If you want complete protection for your jewelry beyond what is provided in a standard home warranty, you need to seek out additional coverage.

What are the options for additional coverage?

If your jewelry is worth more than the amount of coverage listed in your insurance policy, it’s important that you consider your options for additional protection. There are a few different ways you can go about this.

  • Increase your policy: it might be as simple as raising the current liability limits for special items like jewelry, furs, collectibles, and other items.
  • Scheduled personal property endorsement: you can add this to your existing policy for a premium.
  • Standalone jewelry insurance: if you don’t have a renter’s or homeowner’s policy, that’s okay too. You can always opt for an individual policy that just covers the jewelry.
  • Purchase product protection: Perhaps the most straightforward solution, you can simply purchase additional product protection at the point of sale when you purchase new and valuable items. This way, you don’t need to worry about how your insurance payments might change every time you want to add to your jewelry collection.

At the end of the day, the point of insurance is to have peace of mind, so if your jewelry collection exceeds your current policy limits, you should consider what options are available to you.

With MulberryCare, you can get immediate product protection on all your eligible purchases. Shop with Mulberry's free browser extension to see which products are covered under extended warranty plans in real time.


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Justin Smith

About the author

Justin Smith is the SEO Content Marketing Specialist at Mulberry. He has written about everything from stock market investing to electric vehicles, most recently for SuperMoney. Apart from optimizing the latest blog content and hunting for the perfect keywords, he also enjoys going on long runs.

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