Jewelry insurance in North Carolina: what your home policy misses

Does home insurance cover jewelry in NC?

Standard homeowner's policies cover jewelry, but with a sublimit, typically $1,500 to $2,500 for theft. This sublimit applies to all jewelry combined and may be well below the value of a single piece. Loss, mysterious disappearance, and accidental damage are also often excluded without a separate endorsement.

What is a jewelry floater or scheduled personal property endorsement?

A jewelry floater (or scheduled personal property endorsement) adds coverage for specific high-value items at their appraised value. Each piece is listed individually with its value. This provides agreed-value or replacement cost coverage for theft, loss, accidental damage, and mysterious disappearance, coverage the base policy does not include.

How do I insure my engagement ring in NC?

Get the ring appraised by a certified jeweler. Then schedule it on your homeowner's policy with a personal property endorsement, or get a standalone jewelry floater. A recent appraisal establishes the value for coverage purposes. Update the appraisal periodically as jewelry values change.

How much does jewelry insurance cost in NC?

Jewelry floaters typically cost $1 to $2 per $100 of insured value annually. A $5,000 engagement ring might cost $50 to $100 per year to schedule. The premium is low relative to the value at risk, making it one of the more cost-effective endorsements available.