Mexican Silver Jewelry

Q:Do you know where I can find insurance for jewelry? I have an extensive collection of Mexican silver jewelry and I think it’s time I insured it. But I can’t seem to find information on this.

A:Homeowner’s or renter’s insurance typically covers jewelry up to $1,000. If your collection of jewelry is more valuable than that, you should buy additional coverage. Contact the agent that handles your homeowner’s or renter’s policy to see what you need to provide in order to cover your collection. Valuable artwork, musical instruments, silverware and other items of great value must be insured by buying additional coverage. Unique collections may require insurance from a company that specializes in insuring specific items, but any major insurer that provides homeowner’s insurance can sell you an additional policy to cover your jewelry. Ask if your jewelry is covered if it is damaged or lost or stolen, if there is a deductible and if the policy provides replacement value. A professional appraisal of your jewelry may be required.