If you have $500,000 in jewelry (through inheritance) and art and you live in a $500,000 house, can you insure all the jewelry and art?

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   Jack Heller

   Owner, Insurance Browser,

   Yes, of course, but there are some things an insurer may require. You stated through inheritance. That is good because an insurer would be curious how someone with a 500,000 house can afford to purchase 500,000 in jewelry
   
   Many states, do not require companies to file rates on what the industry refers to as "Inland Marine " coverage.So, there is often a willingness to insure a schedule of jewelry at a specific price point the insurer deems adequate.Lastly, many insurers have multiple rates for jewelry if yours will to put the  carrier on notice of an item being put in a bank vault and then taken out, then an insurer will use what are referred to as "Bank Vault rates " while the property is in the Bank's Vault and charge another rate if the item is out

   Answered on November 16, 2013

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