Homeowners policies carry special limits on certain categories (jewelry, furs, silverware, collectibles), and the limits are lower than most people assume. A theft claim on an engagement ring can exhaust the entire jewelry limit before it touches the watch collection.
A valuables schedule (or a separate valuable articles policy) fixes this: each piece is listed at an appraised value, covered for mysterious disappearance as well as theft, usually with no deductible. Fine art and wine collections can be covered the same way, including breakage and temperature failure for the cellar.
The housekeeping that matters: keep appraisals current. A schedule written in 2019 is paying 2019 prices for gold and stones that have moved a long way since.
Wondering how this applies to you? A coverage review takes one short call.
Keep reading