home insurance rider

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Posted: Tue Mar 02, 2010 8:51 am Post subject: home insurance rider

Do we need a home owners insurance rider to cover expensive jewelry? Will it cover us against theft too? _________________ Register Now to have your Insurance queries solved.

Randymoore

Guest

Posted: Tue Mar 02, 2010 11:51 am Post subject:

Yes, if you have more than 1k or so in jewelry or get an inland marine on the pieces. Most HO policys only cover the theft of jewelry up to a certain limit (and it's low) like 1-2k . You will find this limit in your policy look under personal property section. Then work your way toward the perils, you will eventually come to a page that has 'limits' on certain personal property. _________________ "Never, never be afraid to do what's right, especially if the well being of a person or animal is at stake. Society's punishments are small compared to the wounds we inflict on our soul when we look the other way." Martin Luther King Jr.

Lori

Moderator

Joined: 10 Sep 2007
Posts: 8173

Location: Missouri
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Posted: Wed Mar 03, 2010 10:01 am Post subject:

We'd often apply for home insurance and then forget to look at the papers after we have them from the carrier. It's natural for us to feel protected till we come across a situation wherein we're required to meet our losses out of pocket. This mostly happens when we ignore the "exclusions" section within our policy papers.

roddick

Senior member

Joined: 05 Oct 2005
Posts: 962

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Posted: Thu Mar 04, 2010 12:50 pm Post subject:

Yes, I believe it's best to get a HO rider for all items that are expensive. You'll surely get a rider to get the equipments covered at your home office as well as to cover your jewelry back home. _________________ AmPmInsure Blog

sil

Community Writer

Joined: 30 Sep 2005
Posts: 483

89.47 Dollars($)

Posted: Fri Mar 05, 2010 7:14 am Post subject:

It's just not about equipments or jewelry. Different pieces of art works that you may posses are also covered under your home owners insurance. At the same time, you may obtain a rider to achieve additional protection for such works. Believe me, it's not that expensive!