We often get questions from clients if they should schedule jewelry on their homeowners policy or not. There are two primary reasons to consider this type of extra coverage. There is a limitation for theft of jewelry on every homeowners policy. If a burglar breaks into your house and steals all of your jewelry then the policy is usually limited to a maximum of $2500. That's the total that it would pay and you have to get a police report and prove that it was a theft because the second reason for scheduling is that there is no coverage for disappearance on a homeowners policy. If you cannot prove it was a theft and the jewelry cannot be found then you have no coverage. These are the two primary reasons. If the jewelry was destroyed in a house fire or windstorm then it would be covered but you still have to prove that you had the jewelry so an inventory or photos are critical. How do you schedule a piece of jewelry? Most of the time we need a current appraisal. Should you bother to schedule jewelry? That depends on how much you're willing to lose. Think about it. Call us for more information.