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Rowena has a $150,000 basic homeowner's insurance policy with a $1,000 deductible on her house. Since she purchases no additional riders for jewelry, flooding, etc., her premium payment is $100 per month. If a family heirloom ring worth $100,000 is stolen from the home, how much is the insurance company obligated to pay for this claim?

User Zdebruine
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2 Answers

7 votes

the insurance company is obligated to pay $1,000 for this claim.

User Nathan
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1 vote

It is $0, because Rowena has no riders for jewelry (her jewelry is not covered).

User Derekerdmann
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