A standard homeowners policy includes coverage for jewelry and other precious items such as watches and furs. These items are covered for losses caused by all the perils included in your policy such as fire, windstorm, theft and vandalism.

However, there are special limits of liability for certain items, meaning that the insurer will not pay more than the amount specified in the policy. One important limit is for the theft of jewelry. To keep coverage affordable because jewelry can be easily stolen, the standard policy has a relatively low limit of liability for theft, generally $1,500. This limit would also be subject to your homeowner’s deductible.

If you own valuable jewelry or other items that would be difficult to replace, we highly recommend “scheduling” each piece of jewelry you own. Scheduling each piece or item may cost more in premiums, but it offers broader protection because the floater covers losses of any type, including accidental losses—such as dropping your ring down the drain of the kitchen sink or leaving an expensive watch in a hotel room—that your homeowners insurance policy will not cover. Before scheduling your jewelry – the items covered must be professionally appraised.

Interested in a quote on your scheduled jewelry? Contact us today for your no obligation quote! (925) 447-2565.