Is My Engagement Ring Covered by My Florida Homeowners Insurance?

As you may already know, homeowners insurance policies will typically provide you with a limited amount of coverage for your jewelry. However, typically these policies will not cover your gems or lost jewelry. It is essential that you read your Florida homeowners insurance policy carefully to see if your valuables, such as an engagement ring is covered and insured properly.

You definitely do not want to risk going without proper coverage for your engagement ring. Your engagement ring is for sure one of your most prized possessions. It is crucial to have it covered in case a disaster occurs. The risk is always there, do not think it can’t happen to you.

Disappearance of Jewelry

You may have heard of the term Mysterious Disappearance. According to this term is a claim for your lost jewelry or gem. While the disappearing item may be gone, you may know where you lost the item. The item may be unable to retrieve. For example, you go swimming and lose your engagement ring in the ocean. We know the engagement ring is in the ocean, but it is gone forever.

Most Policies Will Give You Limited Coverage

Insurance company policies will vary from one to the other. However, most homeowners will limit the cost of loss to around $1,000. This means your insurance company will pay no more than $1,000 for the loss. For instance, if your ring is damaged in a fire it is covered. However, if you simply lose your ring in the ocean, it will not be covered.

Comprehensive Homeowners Insurance

When it comes to homeowners insurance in Florida, you can purchase a comprehensive policy that will provide you with more than enough coverage for your engagement ring.  However, the requirements for this policy type are more in-depth. This policy places a certain limit on jewelry and will provide you with coverage for your mysterious disappearance. This kind of policy will include loss of theft, misplacing of jewelry, watches, stones, and your engagement ring.

Where Can I Purchase FL Homeowners Insurance?

When it comes to affordable coverage for your engagement ring, not to worry! Shop for Florida homeowners insurance online here. Be on the lookout for affordable, quick, and free homeowners insurance quotes. Don’t risk going without proper coverage for your prized engagement ring.