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| Q: I left my wedding ring on the bathroom sink this weekend and, from what we've been able to determine, my 7 year-old daughter was wearing it while going to the bathroom, it fell into the toilet and she flushed it. Will my homeowners policy cover any portion of it so that I can try to replace it? |
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| A: The good news is that your ring is at least partially covered under a standard homeowners policy. The bad news is that if you did not have an endorsement specifically covering the ring--or other valauable jewelry--your coverage limit is probably $1,000-$2,000 (depending on the company), minus your deductible. In other words, the loss is covered, but the net result may or may not be worth the effort. Note that you will need to prove the value of the ring, and your insurance company may ask you to report the incident to the police, despite the fact it was not a theft. |
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| This checklist prepares home buyers with the information they need in purchasing a new home. |
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Video: How much do you know about homeowners insurance?
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