A popular gift these days is jewelry. And, it doesn’t matter if it’s new or old, your jewelry should be properly protected.

Your Massachusetts homeowner’s insurance policy does cover personal possessions, such as jewelry. However, there are set limits on your policy. Perhaps you should consider a supplemental policy to protect your valuables up to their full value.

A jewelry insurance policy would ensure that any jewels, family heirlooms, watches, etc. are insured up to their full appraised market value. With a policy specifically for your valuables, the perils insured against are more broad. Additionally, the deductible on a jewelry insurance policy is generally lower than the deductible on a homeowner’s policy.

Whether you received your jewelry or watch already, or if you expect it to come some time around the middle of February, make sure you think about the next step: protecting it. Talk to your insurance agent about setting up this type of policy.