How much can my family claim on homeowners insurance after an in house robbery?

  • by Jaideep A
  • Feb 22,2018
  • 14 answers

How much can my family claim on homeowners insurance after an in house robbery?


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Insurance Answers (14)

Steve 3 months ago

it matters what your coverage was

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car253 3 months ago

You need to explain how much was jewelry. What dollar amount? Homeowners insurance only covers a limited amount on jewelry. And, how much dollar amount was everything else? You need to post exactly what was stolen and how much.
You get back the replacement cost, how much it cost to replace those items today, if you have replacement costs. Ask your insurance agent or claim rep.
If most of the theft was jewelry you need to have a "personal articles policy" that covers the jewelry. So, don't put in a claim if your not going to get anything back. And, check your deductible too before putting in a claim.

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Casey Y 3 months ago

Did you have a Valuable Article Floater or a rider covering your jewelry? Those appraisals are irrelevant if you didn't have those items specifically covered on your policy.
All homeowners policies contain sub-limits for valuable articles; jewelry, art, silverware, guns, furs, etc. So, you might have only $1k-5k of coverage for jewelry if not otherwise addressed in the policy.
Anything not defined as a valuable article will be covered per the terms of your policy pertaining to contents. An unendorsed HO-3 and you have Actual Cash Value on your contents. Most agents push replacement cost on contents...but if you chose the cheapest option from a website...you don't have replacement cost coverage.
Actual Cash Value - What your stuff is worth today, but used. So, what you might see your item listed for sale on eBay or Craigslist.
Replacement Cost - The cost to replace your item as brand new...today.

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babyboomer1001 3 months ago

Homeowner's insurance generally covers furnishings and items in general, NOT jewelry. You need a jewelry rider if you expect money for that. Also, special collections may require a rider. Read your policy. We cannot know exactly what you purchased without reading your policy.

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vivienne 3 months ago

We had water damage in our house,mso it is pretty much your word for everything and the expert either takes it or he dosnt. If the expert doesnt - u re not getting anything. Also if u had some worthy jewelry shouldnt u have a certificate to claim on your insurance if it gets lost or stolen? I have on my diamond rings - the store gave me when we bought the rings

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Flower 3 months ago

You put a claim in with the insurance company that is covering the jewelry. Nobody with jewelry of that value has no insurance on it. I dont mean homeowner's insurance.

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H. Marie 3 months ago

you need to itemize each item that was stolen, you need to have some date that is was acquired and what it cost, as well as the market value at the time of the theft, in many cases insurance will not pay on antiques unless you have appraisals documented
dated pictures of the items is good but you will need documentation n what you claim

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Eva 3 months ago

Most policies have a limit on how much they will cover for jewelry and other expensive goods. A rider can be added to the policy to raise the limit on those items. Read the declaration page of your policy to see what is covered. You would get the appraised value minus the deductible or your policy limit, whichever is less.

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Steve D 3 months ago

The only way you will know is to submit a claim. Each insurance company issues different policies and the only way to get an answer is to deal with the insurance company.

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Cupcake's Princess 3 months ago

You'll have to submit a claim for a definitive answer--we don't know what's in your specific policy. However, expensive items like jewelry, furs and art are often not covered under a general policy, and require a separate schedule or rider (and premium) to cover those items. Be prepared for that possibility.

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Lolly 3 months ago

Your broker should be listed on the policy. Without seeing it this is impossible to answer.

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Valleycat1 3 months ago

Depends on the specific policy coverage. Valuable items should be listed separately so you get replacement value. But if not, you document the value of what was stolen and hope to get at least fair market value of the items if they had been sold instead.

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Beverly S 3 months ago

Replacement cost is normally what you will get.. So if you have a 10 year old couch stolen you will get the value for a 10 year old couch. Jewlery is normally insured for a certain amount if you did it right. So if you have a $10k diamond & you told your insurance company you wanted it insured for that amount you would get that amount.. Many people don't do this however & end up getting less.

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Ryan M 3 months ago

Since there is no federal law on this and the amount will depend on YOUR SPECIFIC POLICY with YOUR SPECIFIC CARRIER, I highly suggest you ask YOUR carrier about YOUR policy and use common sense.

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