Home Insurance: What Sends Rates Soaring

By Lewis Braham - 2012-02-02T23:15:56Z

Photograph by Andrey Rudakov/Bloomberg

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Big-Ticket Jewelry

"Standard homeowners' and renters' insurance policies include coverage for personal items such as jewelry and other valuables," says Worters of the Insurance Information Institute. "However, many policies limit the dollar amount for the theft of valuable personal possessions such as jewelry, furs and precious stones to $1,000 to $2,000." That wouldn't match the cost of most engagement rings today. Covering your most valuable pieces for theft and loss will up your home insurance premiums and require both an appraisal of the property and policy riders detailing both the value and nature of the jewelry you want covered.