Only 1% of Homeowners Know How to Override the Jewelry Cap—Are You One of Them?
Insurance talk isn’t always exciting—but stick with me. Today we’re unpacking the “single limit” on jewelry in your home policy. It might sound technical, but this small detail could end up costing you a lot.
What Is a Single Limit?
Simply put, it’s the maximum amount your insurer will pay for all of your jewelry combined. One number—regardless of how many rings, necklaces, or gold pieces you own.
Imagine having five items worth $20,000, only to discover your coverage caps out at $5,000 in total. Frustrating, right?
Why does this happen? Insurers view jewelry as high-risk—easy to lose, easy to damage—so they place it under a sub-limit. Straightforward in theory, but in practice, it can feel a little sneaky.
How to Fix It
- Appraise each piece every few years
- Schedule your jewelry with an endorsement or floater—this overrides the single limit
- Update regularly to include any new pieces
Final Thought
Quick question: what’s the one piece you’d never want to lose? Drop it in the comments—I’d love to hear.
At the end of the day, you deserve peace of mind. Protect what matters most.
If this helped, hit like, subscribe, and share. And join me next time on Insurance Champion—where mindful money meets real-life tips. Stay protected!
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