Q: My dad is in a nursing home and I need to change the ownership on his life insurance policies. My mom has a POA for him. How do I go about doing this?

Homeowners insurance provides coverage in the event of damage to your property, as well as liability for injuries and damage you cause to other people. The homeowners insurance section of the I.I.I. Web site can help you make the right choices about this important form of protection for you and your family.

A: The good news is that your ring is at least partially covered under a standard homeowners policy. The bad news is that if you did not have an endorsement specifically covering the ring--or other valauable jewelry--your coverage limit is probably $1,000-$2,000 (depending on the company), minus your deductible. In other words, the loss is covered, but the net result may or may not be worth the effort. Note that you will need to prove the value of the ring, and your insurance company may ask you to report the incident to the police, despite the fact it was not a theft.

left my wedding ring on the bathroom sink this weekend and, from what we've been able to determine, my 7 year-old daughter was wearing it while going to the bathroom, it fell into the toilet and she flushed it. Will my homeowners policy cover any portion of it so that I can try to replace it?

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Life Stages

Easy to use information on insurance and financial planning priorities for different stages of your life.