{"id":1573,"date":"2011-10-24T17:40:18","date_gmt":"2011-10-24T21:40:18","guid":{"rendered":"http:\/\/www.noyeshallallen.com\/?p=1573"},"modified":"2017-11-09T08:52:17","modified_gmt":"2017-11-09T14:52:17","slug":"should-you-list-jewelry-on-your-homeowners-policy","status":"publish","type":"post","link":"https:\/\/www.noyeshallallen.com\/blog\/should-you-list-jewelry-on-your-homeowners-policy\/","title":{"rendered":"Should You List Jewelry on Your Homeowners Policy?"},"content":{"rendered":"<p>That was the most common question at Saturday&#8217;s <a title=\"Jewelry Inspection Event | Noyes Hall &amp; Allen Insurance South Portland Maine\" href=\"http:\/\/www.noyeshallallen.com\/jewelry-inspection-event\/\">Jewelry Checkup Event<\/a> that we hosted along with Days Jewelers.<\/p>\n<h3>Does Homeowners Insurance Cover Jewelry?<\/h3>\n<p>In short: yes, but&#8230;<\/p>\n<ul>\n<li><a title=\"Does Homeowners Insurance Cover Jewelry? | Noyes Hall &amp; Allen Insurance South Portland Maine\" href=\"http:\/\/www.noyeshallallen.com\/does-homeowners-insurance-cover-jewelry\/\">Theft of jewelry<\/a> is limited, usually to $1,500 or less.<\/li>\n<li>Your property deductible applies, usually at least $500, often more.<\/li>\n<li>Personal property is only covered for 16 &#8220;named perils&#8221; on the average homeowners policy. For example, &#8216;theft&#8221; is covered, but &#8220;losing&#8221; something is not. The 16 perils are fine for things like TVs and clothing, but not jewelry. Perils, like losing a gemstone aren&#8217;t covered.<\/li>\n<\/ul>\n<h3>5 Reasons to List Your Jewelry on Your Homeowners Policy<\/h3>\n<ul>\n<li><strong>The value is agreed to before a loss.<\/strong> Instead of having to prove the worth of your jewelry after it&#8217;s gone, you list each item with a detailed description and set a value on each piece. Items over $5,000 usually require a professional appraisal every 5 years.<\/li>\n<li><strong>Broader coverage.<\/strong> Theft is covered; so is loss of a gemstone &#8211; even loss of an earring that&#8217;s discovered after you return from a night on the town, or an <a title=\"The Case of the Lost Engagement Ring: Insurance Saves the Day!\" href=\"http:\/\/www.noyeshallallen.com\/case-of-the-lost-engagement-ring-insurance-saves-the-day\/\">engagement ring lost at the beach<\/a>.<\/li>\n<li><strong>No deductible applies.<\/strong>\u00a0You can <a title=\"Maine homeowners insurance discounts | Noyes Hall &amp; Allen | South Portland Maine Agent\" href=\"http:\/\/www.noyeshallallen.com\/personal-insurance-landing\/insurance-discount\/homeowners-discounts\/\">save money on homeowners insurance<\/a> by increasing deductibles without having to worry about paying for a lost earring or a missing gemstone.<\/li>\n<li><strong>Preservation of limits<\/strong> for your other property. Unless it&#8217;s listed, your jewelry falls under your &#8220;personal property&#8221; limit, which is a percentage of your home&#8217;s building insurance limit. If you have a lot of expensive jewelry, even if it&#8217;s damaged by a covered peril like fire, you may not have enough &#8220;personal property insurance&#8221; to replace both your jewelry and your other belongings. Listing your jewelry separately saves that other insurance for your belongings.<\/li>\n<li><strong>It&#8217;s affordable.<\/strong> Separately listing $5,000 of jewelry usually costs less than $40 a year.<\/li>\n<\/ul>\n<p>Insurance companies call listing items such as jewelry, furs or fine arts separately on your homeowners policy &#8220;scheduling&#8221;.<\/p>\n<h3>Does your policy declarations page say &#8220;Scheduled Personal Property&#8221;?<\/h3>\n<p>If not, you may want to call your <a title=\"Maine Insurance Agency near South Portland | Noyes Hall &amp; Allen \" href=\"http:\/\/www.noyeshallallen.com\">Maine insurance agency<\/a> to add it.<\/p>\n<p><strong>If you are a Noyes Hall &amp; Allen client, and want to add jewelry, you can <a href=\"http:\/\/www.noyeshallallen.com\/policy-services\/request-a-policy-change\/?preview_id=332&amp;preview_nonce=b07219e925&amp;preview=true\">request it here<\/a>, or call the office at 207-799-5541.<\/strong><\/p>\n<p>If you \u00a0are not yet a client, live in Southern Maine and have questions about homeowners, \u00a0<a title=\"Renters Insurance in Maine | Noyes Hall &amp; Allen Insurance South Portland\" href=\"http:\/\/www.noyeshallallen.com\/personal-insurance-landing\/renters-insurance\/\">insuring an engagement ring<\/a>, renters insurance or <a title=\"Maine Condo Insurance and condominium unit insurance | Noyes Hall &amp; Allen South Portland Maine\" href=\"http:\/\/www.noyeshallallen.com\/personal-insurance-landing\/condo-insurance\/\">condo insurance<\/a>, call Noyes Hall &amp; Allen agent at 207-799-5541. We&#8217;re happy to help.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>That was the most common question at Saturday&#8217;s Jewelry Checkup Event that we hosted along with Days Jewelers. Does Homeowners Insurance Cover Jewelry? In short: yes, but&#8230; Theft of jewelry is limited, usually to $1,500 or less. Your property deductible applies, usually at least $500, often more. Personal property is only covered for 16 &#8220;named [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12,13,14,15],"tags":[49],"class_list":["post-1573","post","type-post","status-publish","format-standard","hentry","category-condo-insurance","category-homeowners-insurance","category-personal-insurance","category-renters-insurance","tag-jewelry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/posts\/1573","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/comments?post=1573"}],"version-history":[{"count":1,"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/posts\/1573\/revisions"}],"predecessor-version":[{"id":4720,"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/posts\/1573\/revisions\/4720"}],"wp:attachment":[{"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/media?parent=1573"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/categories?post=1573"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.noyeshallallen.com\/blog\/wp-json\/wp\/v2\/tags?post=1573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}