A standard homeowners insurance policy includes coverage for jewelry and other valuable items such as watches, electronics and furs. These items are covered for losses caused by all the perils listed in your insurance policy such as fire, theft and vandalism.
The caveat is that a standard insurance policy has a relatively low limit of liability for certain items that can be easy targets for thieves. Most insurance companies will pay a max of $1,500 to about $2,000 per item along with an overall limit of $5,000 to $6,000 depending on your policy.
If you own a very valuable item that costs a lot more than those amounts, you should talk to your insurance agent about buying a floater insurance policy. You will need to get the items you want insured to be professionally appraised. Floater insurance policies will extend the coverage and offer better protection on your items from even accidental losses such as losing an expensive necklace at a restaurant or dropping a valuable ring down the sewers.