Does Home Owners Insurance Cover Lost Ring?

1. 

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   David Osgood

   Agent, Rural Mutual Insurance Co., Union Grove, WI

   This would be known as mysterious disappearance. Most home owners policies will provide a limited amount of coverage less a deductible for personal property. You can also schedule items of greater value to provide higher limits of coverage. Please read your policy completely to know what coverage is provided and what the exclusion there are or call your local agent to have them explain the coverage offered and exclusion within the policy.

   Answered on May 2, 2013

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2. 

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   Mark Bartlett CLCS

   Branch Owner, TWFG Insurance Services, Fremont California and the Greater Bay Area Representing Dozens of Insurance Carriers

   Any time it comes to jewelry your homeowners policy can be very limited. Even if you purchased increased limits this may still not be enough and your deductible applies. The other factor to consider is this type of claim can go against you and increase your homeowners insurance rates. I highly recommend you purchase a personal articles floater for jewelry. A PAF was give you the proper coverage jewelry and in most cases a zero deductible. Also the big benefit is there is no negative effect on your homeowners insurance if you file a claim.

   Answered on May 2, 2013

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3. 

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   David W. Clausen

   Chief Executive Officer, Coastal Homeowners Insurance Solutions, Rocky Point, NY 11778

   Jewelry that is lost is considered mysterious disappearance and would not be covered under a standard homeowners insurance policy. You should ask you local independent agent for a PAF or Personal Articles Floater that would cover the ring for this type of peril. Some insurance companies will add it on as a rider to the homeowners policy rather than issuing a separate policy.

   Answered on October 29, 2015

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