Jewelry Theft & Damages

Contact Our Florida Property Damage Claim Attorney Today

Property damage in a personal injury lawsuit typically refers to the damage or destruction of a vehicle or home that is involved in an accident. However, other types of property can be harmed by others’ negligence or wrongdoing, including jewelry, wristwatches and other similar items.

At Cardenas, Singer & Associates, we can help you recover from an insurance company after your personal property—such as jewelry—is damaged or stolen. It helps to have experienced legal representation to fight for the funds you need.

Call (305) 754-6460 or contact us onlinenow.

Whether you own a home or rent, your insurance policy covers losses to personal property that you or your family own or use. Unfortunately, the scope of coverage and the amount the insurer pays on a claim for damage or loss depends on various factors. People who have a large amount of jewelry and other valuables often buy additional coverage, because the basic policy limits do not fully compensate them in the event of damage or a loss.

How Much Your Policy Will Pay Out for Jewelry?

The coverage limit for damage to personal property is stated in your policy. For example, the policy might pay up to $20,000 on any one claim in a year. If you're a homeowner, the limit for personal property, such as jewelry, may be calculated as a percentage of the policy limit for the home itself.

Jewelry is often handled as scheduled property, which are items that have the potential to be worth a lot of money and which the insurance company won’t know about until you make a claim that they’ve been damaged or lost. Because an insurance company has no idea how much your jewelry is worth, there is a risk that they may have to pay out a huge claim.

Insurance companies don’t usually like to insure items whose worth could be sky high, so they isolate these items and impose a cap on what they pay out. Normally, customers buy additional insurance to cover the replacement of these pricey items.

If you are in a dispute with your insurance company over coverage, consult with one of our Florida property damage claim attorneys at Cardenas, Singer & Associates today. We can help you engage in mediation or arbitration before, or instead of, filing a lawsuit. Let us help guide you through the process and get you the compensation you deserve.

Call (305) 754-6460 to schedule a free initial consultation today.