Jewelry, Furs and Fine Art

Most insurance policies limit the amount of coverage for specific items of your personal property i.e. jewelry, furs, antiques and fine arts.  Losses to these items are subject to policy deductible.  One way to protect your valuables for full replacement value is through "scheduling" them onto your homeowners policy.
A Scheduled Personal Property Endorsement provides coverage for your valuable items at their current replacement value for an affordable additional premium.  The amount of coverage is usually determined by a current appraisal typically no more than 2 to 3 years old or receipts for newly purchased items.  For jewelry, a certified gemologist or reputable jeweler can provide you an appraisal for a fee, but may be waived at your place of purchase.  They will prepare a detailed description of your jewelry indicating quality, size, photos and estimated replacement cost.
What is the advantage of scheduling?

  • Coverage is all risk including mysterious disappearance
  • The scheduled item is not subject to the Policy Deductible
  • The loss settlement is the amount that you scheduled the item for