What is Unscheduled Jewelry Floater coverage in Homeowners Insurance?

Valuation Method in Homeowners Insurance?


1. How does Unscheduled Jewelry Floater coverage protect valuables in a Homeowners Insurance policy?

What is Unscheduled Jewelry Floater Coverage in Homeowners Insurance?

Homeowners insurance typically covers your possessions in the event of theft, damage, or destruction. Yet not all possessions are covered in the same way, with some items requiring additional coverage. One item that requires additional coverage is jewelry. To protect your jewelry from loss, damage, or theft, you may need to consider getting unscheduled jewelry floater coverage as part of your homeowners insurance policy.

What is Unscheduled Jewelry Floater Coverage?

Unscheduled jewelry floater coverage is an added protection available in many homeowner insurance plans that covers loss, damage, or theft of your jewelry. This coverage ensures that in the event of a covered incident, you will receive appropriate reimbursement for your jewelry.

Reasons to Consider Unscheduled Jewelry Floater Coverage

In the event of loss, damage, or theft of jewelry, unscheduled jewelry floater coverage ensures that you will receive reimbursement for your jewelry. Here are some of the reasons why you should consider this coverage:

    • Cost Savings: Floater coverage is usually much less expensive than purchasing a separate jewelry policy.


    • Convenience: You don’t need to deal with a separate policy and can simply add the coverage to your existing homeowners insurance.


    • Peace of Mind: Floater coverage provides comprehensive coverage for your jewelry.


Things to Consider When Choosing Unscheduled Jewelry Floater Coverage

When selecting an unscheduled jewelry floater coverage, there are a few things to consider:

    • What is Covered: Check to see what type of jewelry is covered (e.g. watches, wedding sets, engagement rings, etc.) and if there is any limit on the amount of coverage.


    • The Deductible: Many unscheduled jewelry floater policies have a deductible. Make sure to select a policy with a deductible you are comfortable with.


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