Before you need it
Before You Need It: The What-If House
Walk through a fictional house and find the questions worth asking a licensed agent.
Bedroom
The ring was in the box.
An open jewelry box on the dresser. One slot is empty. What the policy pays, if anything, usually depends on two things: how the ring left, and whether it was ever listed.
Select a detail in the scene to read what it raises.
One useful distinction
Stolen and lost are different words in policy wording. The special limit for jewelry is usually written for theft. A ring that is simply lost is often not covered at all under a base policy unless it was scheduled. Look for Special Limits of Liability on your declarations page, and for a scheduled personal property endorsement, or ask.
Questions for your licensed agent
- What are the special limits on my policy, and which of my things are over them?
- Would a ring that is lost rather than stolen be covered at all under my policy?
- What would it cost to schedule my jewelry, and what would I need to give you?
That explains the situation. What does your policy say?
A CoverageDecoder report takes your answers, and your policy if you upload it, and explains in plain English what it addresses, what it limits, what it leaves out, and what you pay first. Your questions for the agent come written, with an email ready to send.
Works for homeowners, renters, condo and townhouse owners, and first-time buyers. No policy yet? The report works from your answers alone.
Source for review: Insurance Information Institute on special limits and scheduling valuables https://www.iii.org/ (link opens in a new tab). Sources are for review and general education.
CoverageDecoder is educational only. It does not sell insurance and does not give advice about your specific policy. Your actual policy and a licensed agent control any decision.