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Question for the Money Doctors

Question submitted on Dec 20, 2011.

Question

Are my jewels insured in a bank safe-deposit box?

Answer

Your jewelry should be scheduled/named in your policy.  And if it is, jewelry in a safe deposit box typically gets a lower rate when it is covered under your homeowners policy.

If it is not scheduled/named, then it may fall underneath the policy limits for coverage.  Hope this helps!


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