Hi, We lost a watch, (we think it got thrown out in error) and wondered if it Can Be Claimed On Our insurance policy?
Caitlin Simco says...
If all you have is a standard homeowners and the watch was not endorsed onto the policy-- there will be no coverage for losing it or throwing it out.
The standard homeowners is a named peril coverage. That means, that in order for the loss to be covered the peril has to be specifically listed. Perils include: fire, lighting, etc. There is no peril that covers losing it.
If the watch was endorsed on the policy (and to do that you have to take a current jewelers appraisal to the insurance company) mysterious disappearance is covered.
If you are not sure what you have -- call your agent.
Posted on April 20, 2011
