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Does jewelry insurance cover a ring that I simply lost?

Yes. Mysterious disappearance is a standard covered peril under a scheduled articles floater or standalone jewelry policy. Standard homeowners policies explicitly exclude it. A ring that slips off while gardening, earrings lost at the gym, or a watch that goes missing during travel are all mysterious disappearance claims. Given how jewelry is actually lost in real life, this is the most practical reason to place jewelry on a dedicated policy rather than relying on homeowners sublimits.

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