What is Jewelry Floater in Homeowners Insurance?

Scheduled Payment in Homeowners Insurance?


1. Does a Jewelry Floater typically cover the cost of repair or replacement of lost or stolen jewelry?

What is Jewelry Floater in Homeowners Insurance?

Jewelry floaters are optional supplemental coverage that is typically added to a homeowners insurance policy or a renters insurance policy. This coverage specifically protects the items that you own, such as jewelry, furs, and other valuable items, from damage and theft.

Why Do You Need Jewelry Floater?

The jewelry floater is beneficial for people who own expensive, valuable items that are more expensive than what their homeowner’s policy covers. Without it, you may only be reimbursed at the depreciated rate for the item that was damaged or stolen.

In addition, a jewelry floater helps protect you from anything that might happen to your items that are not covered by your regular home policy, such as accidental loss, mysterious disappearance, wear and tear damage, or forgotten or left behind items.

What Does Jewelry Floater Cover?

Jewelry floater typically covers a wide range of items, including:

    • Cut, mined, and synthetic gems


    • Fine jewelry such as wedding sets


    • Gold and silver coins


    • Porcelain, ivory, and jade items


    • Stamp and coin collections


    • Watches, clocks and music boxes


    • Furs and leather items


    • Antiques, art and collectibles


The type of coverage offered depends on your insurance provider, so it’s important to ask about the specifics of the coverage you are considering.

How Much Does Jewelry Floater Cost?

Jewelry floater generally costs significantly less than a typical homeowner’s insurance policy. The cost is typically based on the value of the items you have and the amount of coverage you need.

Where Can I Purchase Jewelry Floater?

The best source of information on jewelry floaters is your insurance provider. Each provider will have their own terms and conditions, as well as coverage limits, so make sure to find out exactly what they offer.

It’s important to note that not all providers offer jewelry floater, so you may need to shop around to find one that does.

Final Thoughts

Jewelry floater is an important part of homeowner’s insurance for those who own valuable items that may not be covered under a traditional homeowner’s policy. It provides additional coverage for unexpected damage or theft of your items, so it is important to make sure you have it if you own valuable items. Talk to your insurance provider to find out more about jewelry floater and how it can benefit you.

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