Welcome back. It's Finance Friday, another special edition of Money Girl, where I answer your

burning money questions. Today's topic comes from Leanne, who says, my husband and I recently

bought a condo and got insurance recommended by our mortgage lender. But when I reviewed it,

I was surprised to find that it only covers a maximum of $1,000 per jewelry. If we have jewelry and

watches worth much more, should we get jewelry insurance or a personal article's policy?

Thank you for your question, Leanne.

I'm really glad you reviewed your home insurance and want to protect your belongings.

This podcast will review what possessions are covered in a standard home or condo insurance policy

and how to purchase more coverage when needed. Welcome back,

everyone. This is episode 935 of Money Girl. I really appreciate you spending some time with me.

I'm Laura Adams, an award-winning author, spokesperson, speaker, and founder of the Money Stack. That's my substack newsletter. You can learn more,

ask money questions, and sign up for the Moneystack at laura d Adams.com. You can subscribe to the

newsletter for free or support the show as a paid member and get access to live educational

events. So let's get to the heart of Leanne's

question. The bottom line is that when you purchase standard homeowners insurance, which is known as

an HO3 policy, or a condo policy, which is called an HO6 policy, it covers your personal belongings, but up to certain

limits after you pay a deductible. So that's the part of your insurance that's called

contents coverage. The problem is contents coverage may not cover everything you own,

you know, not even close in some cases. So I'm really glad

that Leanne asked about the best way to get more personal property coverage, especially for

her valuable jewelry and watches. If you have a standard homeowners policy, the contents coverage

is usually a percentage of your dwelling coverage. Now, the dwelling

...