Jewelry & Valuables Insurance
in Tennessee
and Mississippi
Your engagement ring, heirloom pieces, fine art, and watch collection deserve more than the $1,500 sub-limit buried in your homeowners policy. We schedule your valuables for full replacement value — worldwide, with no deductible on most items.
What Jewelry & Valuables Insurance Actually Does
Scheduled personal property coverage — also called a floater or rider — is a policy or endorsement that lists your high-value items individually by description and appraised value. When you schedule an item, you are no longer subject to the blanket sub-limits of a standard homeowners policy. Instead, each piece is covered for its full agreed or appraised value, with no deductible on most policies.
A jewelry floater covers what standard policies typically ignore: mysterious disappearance (losing your ring down the drain or on a trip), accidental damage (a stone knocked loose, a bracelet clasp broken), theft anywhere in the world, and even flood and earthquake damage for the scheduled items themselves. It is one of the most affordable expansions of coverage relative to the value it protects.
Items that are commonly scheduled include engagement rings and wedding bands, heirloom jewelry, fine watches, fine art and sculptures, musical instruments, coin and stamp collections, and other collectibles. If the item has a replacement cost that exceeds what your homeowners policy would pay, it belongs on a schedule.
When You Need Jewelry & Valuables Coverage
Standard homeowners policies cap jewelry theft coverage at $1,500 to $2,500 — often far less than the value of a single ring.
Engagement & Wedding Ring Owners
A modest engagement ring can easily exceed $5,000 — well above the jewelry sub-limit on most homeowners policies. A scheduled floater covers loss, theft, mysterious disappearance, and accidental damage for the ring's full appraised value.
Heirloom & Estate Jewelry Holders
Family heirlooms often carry both emotional and monetary value that a standard policy cannot replace. A scheduled item policy ensures that if something happens to grandmother's pearls or a family brooch, you receive the full replacement value — or its agreed value if it is irreplaceable.
Fine Watch Collectors
Luxury watches from Rolex, Patek Philippe, Omega, and similar brands can range from a few thousand to six figures. These items warrant their own schedule, particularly if you wear them regularly and travel with them.
Art & Collectible Owners
Fine art, sculptures, rare coins, stamps, and collectible instruments are all candidates for scheduled coverage. If you have items that would be difficult or impossible to replace at the sub-limit level of your homeowners policy, scheduled coverage is the right solution.
Core Features of a Scheduled Personal Property Policy
Agreed or Appraised Value
Unlike actual cash value coverage, which subtracts depreciation, scheduled items are typically covered for their full agreed or appraised replacement value. No arguments about depreciation at claim time.
Worldwide Coverage
Scheduled items are covered anywhere in the world — at home, at a hotel, on a cruise ship, or at a destination wedding abroad. Your coverage does not stop at the state line or the airport.
No Deductible on Most Policies
Many scheduled jewelry floaters carry a zero-dollar deductible, meaning you receive the full claim payment without any out-of-pocket contribution. This is one of the most consumer-friendly features of this type of coverage.
Mysterious Disappearance
Standard homeowners policies do not cover items that are simply lost — they require evidence of theft. A scheduled floater covers mysterious disappearance, meaning if your ring goes missing and you cannot explain exactly how, the loss is still covered.
Flood & Earthquake Coverage
Scheduled items are covered even when the cause of loss is flood or earthquake — perils that are excluded from standard homeowners policies. This is a meaningful advantage for clients in flood-prone areas of Shelby or DeSoto County.
Accidental Damage
Broken clasps, chipped stones, bent settings, and cracked watch crystals resulting from accidental damage are typically covered. Coverage extends to the kind of everyday mishaps that homeowners policies ignore entirely.
What's Typically Excluded
Scheduled personal property coverage is broad, but there are limits worth understanding before you bind a policy.
- Intentional Damage — Damage caused intentionally by the policyholder is not covered under any insurance policy.
- Gradual Wear Without a Covered Loss Event — Normal wear, scratches accumulated over time, or gradual deterioration are not covered. A scheduled floater responds to sudden, accidental events — not routine aging of metal and stone settings.
- Items Not on the Schedule — Only items specifically listed on the policy by description and value are covered under scheduled personal property coverage. New acquisitions should be added promptly to ensure protection.
Jewelry & Valuables Insurance FAQ
Ready to Get Covered?
Let's build the right policy for your situation. Start online or talk to a real advisor who knows the Mid-South market.