Your homeowners insurance policy will cover jewelry, however it may not be to the extent you think. Homeowners policy’s sublimit “specialty” items within the home, limiting the amount of coverage you have for each. Items that fall into this category include jewelry, instruments, collectibles, gold/silverware, money & securities, and more. Coverage for these types of items can be purchased under a Scheduled Personal Property floater/endorsement.

A swimming pool could indeed affect your homeowners policy. More specifically, it could affect your eligibility with a certain insurance carrier. For example, diving boards and slides pose a unique liability exposure to a homeowner. For that fact, many insurance carriers will look to avoid those types of risks. That being said, there are solutions should you find yourself in this situation.

Water backup and sump discharge will cover losses, up to a certain limit, caused by the backup of water or waterborne materials through a sewer or through a drain. It will also cover water or waterborne material that overflows from a sump, even if the backup of water is due to the mechanical breakdown of the sump pump. Coverage includes damage to property but excludes the sump pump and any related equipment that has broken down.

Flood insurance provides limited, if at all, coverage for rooms such as crawlspaces and basements and their contents according to the NFIP. Items in these spaces, like a furnace, are usually covered under building coverage. Others, like a washer and dryer, are usually covered under personal contents coverage. Some items, like personal effects, may not be covered at all when kept in these below-ground rooms.

Homeowners insurance doesn’t typically cover damage caused by flooding though you may be able to purchase separate flood insurance directly through the federal government’s National Flood Insurance Program, also known as the NFIP, or through an insurance broker that writes flood insurance with the NFIP.

Both Replacement Cost, and Actual Cash Value are loss settlement methods utilized by an insurance carrier to calculate property losses. For example, if you suffer a property loss on your replacement cost insurance policy, your loss settlement will be paid out at replacement cost. If you suffer a property loss on an actual cash value insurance policy, your loss will be paid out at replacement cost, less depreciation. Replacement Cost loss valuation allows for a higher loss settlement, however the valuation type is reserved for higher quality risks. In order to be eligible for a replacement cost policy, your property will have to meet certain carrier requirements.