While your personal possessions are insured under your
homeowners policy, scheduling valuables such as jewelry can help
ensure they're protected if you lose them.
On a standard General Casualty homeowners or renters policy,
jewelry is covered for "named" perils such as fire, theft or
lightning. When scheduled separately on your policy, it receives
additional coverage against "all perils." So if you drop your
diamond ring down the kitchen sink or the dog eats your favorite
bracelet, it's insured.
Scheduling an accurately appraised item will also ensure you
have enough coverage to buy a replacement. With General Casualty it
costs about $30 a year to schedule a ring valued at $3,000.
Keep your agent updated on its value or if you sell or give away
any scheduled items, so they can update your coverage
appropriately. Also provide your agent a detailed description of
any scheduled items and store the appraisal and bill of sale in a