Question for married/engaged peeps
Registered User
Joined: Aug 2001
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From: Yuma, AZ
Our home owners policy has a limit that can be claimed for jewelry if there ever was a problem... When I checked the limit was around $4000. Well, My wife's ring is appraised for 5 times that amount (don't worry, thats not what I paid) The insurance company said that if we want my wife's ring to be covered for the appraised amount (ie. over the $4000 limit), then we need separate insurance on it. So we now have a specific rider on our home owners policy that specifically covers the ring for a specific amount.
Each homeowners policy is different, but most have specific limits that you can claim a loss, for specific items (ie. jewelry, electronics, art...)
Each homeowners policy is different, but most have specific limits that you can claim a loss, for specific items (ie. jewelry, electronics, art...)
Joined: Oct 2000
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From: Tulsa, OK
Originally Posted by PLYRS 3,Aug 27 2007, 07:31 PM
clubs left in a car would be covered under your auto policy....you just claim the contents if your car is stolen or broken into....no different than after-market stereo, CD's, sunglasses, laptop, briefcase, etc.
i've had cars stolen a few times - have always been reimbursed for contents (with receipts).
if your clubs get stolen at the bag drop-off at pebble beach, well then you're just SOL.
re: wearing a ring and losing the rock b/c of a snag, or prong breaking....again, you might be SOL. usually, when people lose jewelry, they say it was taken from the house (during a social function, party, get together, etc.) - whether that's right or wrong, is another question....
i've had cars stolen a few times - have always been reimbursed for contents (with receipts).
if your clubs get stolen at the bag drop-off at pebble beach, well then you're just SOL.
re: wearing a ring and losing the rock b/c of a snag, or prong breaking....again, you might be SOL. usually, when people lose jewelry, they say it was taken from the house (during a social function, party, get together, etc.) - whether that's right or wrong, is another question....
If you can afford to play pebble beach, I don't think you're sweating some golf clubs getting stolen.
Registered User
Joined: Jan 2004
Posts: 6,869
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From: Minneapolis, MN
Originally Posted by PLYRS 3,Aug 27 2007, 07:31 PM
clubs left in a car would be covered under your auto policy....you just claim the contents if your car is stolen or broken into....no different than after-market stereo, CD's, sunglasses, laptop, briefcase, etc.
i've had cars stolen a few times - have always been reimbursed for contents (with receipts).
i've had cars stolen a few times - have always been reimbursed for contents (with receipts).
My fiancee's ring is on it's own State Farm policy. It's less than $100 a year and covers the appraised cost ~$20,000. Considering the risk involved this is worth every penny.
It's obvious that you need to talk directly to your insurance company and see what is and is not covered in your policy.
Registered User
Joined: Nov 2001
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From: Southern Part of Heaven
My understanding is that for all practical purposes, you can't (shouldn't) use your homeowner's policy unless your house itself is destroyed. I've heard stories about insurance companies dropping people after one, little claim is made against the homeowner's policy. And, if you can't get homeowner's insurance, you can't get a mortgage. I dunno if this is true, but it seems like quite a risk to take if you intend to rely upon the homeowner's policy for your personal articles. We have my wife's jewelry on a separate policy. I think it costs around $200/year.
Former Moderator
Joined: Aug 2004
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Originally Posted by PLYRS 3,Aug 28 2007, 07:35 AM
^ what's the "name" of the policy?
i.e. if not homeowners, what "type" of insurance is it?
i.e. if not homeowners, what "type" of insurance is it?
Rider:
Written form attached to an insurance policy that alters the policy's coverage, terms, or conditions. For example, after buying a diamond bracelet, a policyholder may want to add a rider to her homeowner's insurance policy to cover the jewelry.
Written form attached to an insurance policy that alters the policy's coverage, terms, or conditions. For example, after buying a diamond bracelet, a policyholder may want to add a rider to her homeowner's insurance policy to cover the jewelry.