A few years ago, my wife gave me a watch for my birthday.It is a simple modest three-hand Bulova and I was ecstatic.It was the best gift I ever received.

It was slim and elegant and would be a perfect addition to my attire in my budding legal career.What I didn’t know then is how consumed by the world of watches I would become.I was so intrigued by that little watch that within the coming years I would buy and trade several watches from Tag Heuer to the famous Swiss brand with the 5-pointed crown.

Then arose the problem, suddenly I had a few uninsured pieces of jewelry.Many people are relieved to find out that theft is generally a covered cause of loss in their home insurance policies.This will protect the contents of your home if you are ever the victim of a theft crime.

However, what many people do not know is there are special limits when it comes to jewelry.Each policy differs, but a standard policy may place a special limit of liability on jewelry between $1,000 and $1,500.Over time, most people will accumulate a collection of jewelry that will exceed the special limits of liability.

If a theft or other loss should occur, it would be devastating to discover you don’t have adequate coverage.In-order to ensure that you have adequate coverage for your jewelry, talk to your insurance agent and see what the policy will cover.There may be an add-on or rider you can purchase that will increase the special limit of liability for jewelry.

Another option is to look at taking out an insurance policy on the jewelry itself.A home insurance policy may cover theft crimes that occur in your home, but many jewelry thefts occur outside of the home.Getting an insurance policy on the jewelry itself can help cover these losses that a homeowners policy will not.

Even if you are someone who does not have jewelry, there are likely contents in your home that are not covered or are limited by your policy.As a general tip, it is important to spend time with an insurance agent and tell them about your unique coverage needs to ensure that you are fully covered if you suffer a loss.If you love life, don’t waste time, for time is what life is made up of.– Bruce Lee