Does Homeowners Insurance Cover Jewelry?
Scheduled Personal Property Coverage
Scheduled Personal Property Coverage
Scheduled personal property coverage is designed to provide your more valuable belongings with enhanced protection. Here are the key takeaways:
- Covers higher-value items up to their full, appraised value.
- Offers broader protection than standard homeowners policies.
- Ideal for items such as fine jewelry, collectibles or specialty equipment.
- Provides added confidence and peace of mind knowing your possessions are properly insured.
What is scheduled personal property coverage?
Scheduled personal property coverage lets you add extra coverage for certain higher value items on your homeowners policy. Each item is listed separately on your policy with its own coverage amount, instead of being included in the overall Coverage C limit on your homeowners policy.
When an item is scheduled:
- It has its own coverage limit. You’re not relying on shared limits that apply to all your belongings.
- Coverage is typically broader. Scheduled items are often protected against more types of losses than standard coverage.
- A deductible usually doesn’t apply. That means fewer out of pocket costs if something happens.
Standard vs. scheduled personal property coverage
Most homeowners policies include personal property coverage that protects your belongings. This works well for everyday items like furniture, clothing and electronics. But for higher value belongings, standard coverage can have limitations.
With standard coverage, you may encounter:
- Special category limits for losses by theft for certain items, such as jewelry, fine art or collectibles
- A deductible that reduces your claim payment
- Limited coverage for certain losses, such as accidental loss or misplacement
How coverage can differ in real life.
The example below assumes a $1,000 deductible under a standard homeowners policy.
| Scenario | Standard Homeowners Coverage | Scheduled Personal Property Coverage |
|---|---|---|
| Engagement ring stolen (value $8,000) | $1,500* | $8,000** |
*Theft of jewelry is subject to a category limit of $1,500 and applicable deductible.
**Standard deductible may not apply.
By insuring items individually, scheduled coverage typically provides broader protection and covers the full appraised value of the item – often without a deductible.
Which items can be scheduled?
Many types of higher value belongings may qualify for scheduled personal property coverage, including:
- Personal valuables like jewelry, watches, furs or silverware.
- Collectibles and specialty items such as fine art, coins or stamps.
- Hobby and recreational equipment like musical instruments, cameras or golf clubs.
Is scheduling coverage right for you?
If you’re unsure whether scheduling an item makes sense, this quick self check can help. Scheduled coverage may be worth considering if:
- The item is worth more than your policy’s special limit. Higher value jewelry and collectibles often exceed standard category limits.
- Replacing it out of pocket would be difficult. Extra protection can help avoid financial strain.
- You use or wear the item often. Items that travel with you tend to face more risk.
- Its value has increased over time. Coverage should reflect current worth, not original purchase price.
- You’d prefer not to pay a deductible. Scheduled items are typically covered without one.
How to schedule an item
Adding scheduled personal property coverage is simple, and most people can complete the process in just a few minutes.
- Gather documentation: You’ll need proof of value, such as an appraisal, receipt or certificate. This helps ensure your item is insured for the right amount.
- Add the item to your policy: Each item is listed individually with its documented value. That value becomes the scheduled limit for the piece.
- Keep your coverage up to date: Item values can change over time. Periodic appraisals help keep coverage aligned with current worth.
Need an updated appraisal? Amica customers can get a discounted online jewelry appraisal through Digipraise.1
FAQs about scheduled personal property
Scheduled personal property coverage works similarly to a personal articles floater and is often added as an endorsement to your homeowners policy.
Yes, scheduled items are generally covered worldwide.
Payment is based on repair, replacement or market value at the time of loss, up to the item’s scheduled amount.
Items are usually listed individually, though similar lower value items may sometimes be grouped together. An Amica representative can explain what applies to your situation.
No, scheduled items are covered separately and don’t affect your standard personal property limit.
Coverage exclusions vary by item and policy. An Amica representative can walk you through the details.
Related coverage insights
Does Homeowners Insurance Cover Jewelry?
What Is Personal Property Coverage?
What to Expect When Filing a Personal Property Claim
AMIC-01-063027
1 Digipraise may not be suitable for every item or situation. If you believe your item is valued at more than $50,000, we recommend having it inspected in person by a certified appraiser.