Nadler Insurance
Insurance EducationVideo

Coverage Explanation: Jewelry Insurance

By Zach Nadler·

Show Notes

Quick summary

Jewelry often has coverage limits under a standard homeowners or renters policy. This episode explains when it makes sense to schedule jewelry (add a specific endorsement or separate policy) and what details matter.

What you’ll learn

  • Why jewelry may have special limits on a base policy
  • What it means to schedule an item
  • How appraisals work and when you might need an updated one
  • Key differences to compare between coverage options

    • Key concepts (confirm from video)

  • Special limits: base policies may cap coverage for theft or loss of certain valuables
  • Scheduled personal property: listing an item with a value, sometimes with broader coverage
  • Deductible: scheduled coverage may have a different deductible (sometimes $0)

    • What to gather before requesting a quote

  • Recent appraisal or receipt
  • Photos
  • Any grading reports (for diamonds or gemstones)
  • Where and how the item is stored or worn

    • Questions to ask when comparing jewelry coverage

  • Is it covered for mysterious disappearance?
  • Is coverage replacement cost or agreed value?
  • What is the deductible?
  • Any exclusions for travel, wear and tear, or unattended items?
  • How are claims handled (repair vs replace, choice of jeweler)?

    • Common mistakes

  • Assuming the base policy covers jewelry for its full value
  • Waiting too long to update an appraisal after big market changes
  • Not confirming the claim settlement method

    • Video

  • Watch here: https://youtu.be/nuTXkS1oBW4?si=I8aJt8q1YXnZmSps

    • Notes