Risk Tip: Personal Property Coverage - Laureate Insurance Partners Risk Tip: Personal Property Coverage - Laureate Insurance Partners

Giving Jewelry this Mother’s Day

As with most celebrations, jewelry is at the top of the list for gift giving. Thinking of giving your mom a piece of expensive jewelry this Mother’s Day? You
will want to make sure its properly covered under your insurance policy. Most homeowner’s insurance policies include personal property coverage which includes belongings such as clothing, furniture, appliances and many other items.  However, items such as artwork and jewelry sometimes come with coverage limitations.  Scheduled personal property coverage is an optional add-on to your policy that provides coverage for a greater number of risks and/or may increase the coverage limits on specific high-value belongings such as:

· Jewelry 

· Furs 

·Artwork and antiques 

·Stamp or coin collections 


Depending on the age of the item and/or the value, you will typically need to provide a recent receipt or a professional appraisal for the item(s) being scheduled. 

Therefore, if you have or recently received a gift of significant monetary value then it is recommended that you speak with your Personal Risk Advisor to ensure it is properly covered in the event of a loss.

For a personalized risk evaluation, please click here or call our office at 407.675.3880.

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