How is scheduled personal property different from homeowners coverage?

Standard homeowners policies cover personal property up to a total limit, with sublimits on specific categories — typically $1,500–$2,500 for jewelry and $2,500 for firearms. Scheduled personal property (also called a floater or rider) lists each item individually at its full appraised value, covers mysterious disappearance and loss, and often has no deductible.

Is my engagement ring covered if I lose it?

Not under a standard homeowners policy — mysterious disappearance is excluded. A scheduled jewelry floater covers your ring for its full appraised value if it's lost, stolen, or accidentally damaged, anywhere in the world. Given the value and emotional significance of an engagement ring, scheduling it is strongly recommended.

Does scheduled coverage work anywhere in the world?

Yes. Scheduled personal property coverage is worldwide — your items are covered whether you're at home, traveling domestically, or abroad. This is one of the key advantages over homeowners coverage, which typically only covers property at or near your residence.

How do I get my items appraised for scheduling?

Jewelry should be appraised by a certified gemologist or jeweler, ideally with a written appraisal dated within the last 3–5 years. Art should be appraised by a qualified art appraiser. For firearms, collectibles, and musical instruments, documentation such as original receipts, manufacturer certificates, or dealer appraisals are typically acceptable.

How often should I update my scheduled items appraisals?

Every 3–5 years for most items, or sooner if values have changed significantly. Jewelry values fluctuate with gold and diamond markets. Art and collectibles can appreciate substantially. If your item is insured at an outdated value and you have a total loss, you may receive far less than the current replacement cost.

Valuable Items Insurance — Minnesota

Your homeowners policy has sublimits.
Your engagement ring does not care.

Standard homeowners insurance caps jewelry coverage at $1,000–$2,500 and art, collectibles, and firearms at similar low limits. Scheduled personal property coverage insures each item at its full appraised value — no sublimits, no depreciation, no surprises.

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Each item scheduled at full appraised value

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No deductible on most scheduled items

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Local agency — Chaska, MN since 2011

The sublimits in your homeowners policy were written for average households. Your items may not be average.

A standard homeowners policy includes a $1,000–$2,500 sublimit for jewelry — meaning that is the most it will pay for all jewelry combined, regardless of your actual coverage amount. A $15,000 engagement ring is insured for $1,500 at best.

$15,000 engagement ring — covered for $1,500 under homeowners sublimit
$8,000 watch collection — covered for $1,000
$25,000 art collection — covered for $2,500
$12,000 firearms collection — covered for $2,500
Mysterious disappearance — excluded entirely from homeowners

Scheduled personal property coverage — also called a floater or rider — insures each item individually at its full agreed value. Premiums are typically very affordable: often $10–$20 per year per $1,000 of coverage.

How it differs from homeowners

Coverage	Homeowners	Scheduled
Jewelry limit	$1,000–$2,500	Full appraised value
Deductible	Yes	Usually none
Mysterious disappearance	Excluded	Covered
Worldwide coverage	Limited	Yes

What We Schedule

Items commonly covered under scheduled personal property

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Jewelry

Engagement rings, wedding bands, fine jewelry, watches, and heirloom pieces. The most common scheduled item — and the one most underinsured under homeowners sublimits.

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Art and Collectibles

Paintings, sculptures, prints, antiques, and fine art. Covered at appraised value for theft, accidental damage, and mysterious disappearance.

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Firearms

Handguns, rifles, shotguns, and antique firearms. Standard homeowners caps firearm theft at $2,500. A scheduled policy covers each firearm at its full value.

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Musical Instruments

Guitars, violins, brass, and other instruments — especially valuable for performers who travel with their instruments.

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Sports Memorabilia and Cards

Signed memorabilia, graded cards, and collectibles. Values have increased dramatically — coverage needs to keep pace.

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Cameras and Electronics

Professional camera bodies, lenses, and high-value electronics not adequately covered under standard homeowners limits.

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Furs and Designer Items

High-value clothing, furs, and designer accessories.

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Coin and Stamp Collections

Numismatic collections and philatelic collections with documented value.

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Minnesota Valuable Items Insurance Checklist

Document your jewelry, art, firearms, and collectibles before your quote. Current appraisals support agreed value coverage and streamline claims.

Download Free Checklist →

Coverage Details

How scheduled personal property coverage works

Agreed value

You and the insurer agree on the item's value when the policy is written — typically based on a current appraisal. If the item is lost or stolen, you receive that amount. No depreciation, no disputes.

No deductible

Most scheduled personal property policies have no deductible on individual scheduled items. You receive the full agreed value when a claim occurs.

Mysterious disappearance

You notice your ring is gone but do not know exactly when or how. Homeowners excludes this. Scheduled coverage includes it — one of the most common jewelry claims.

Worldwide coverage

Your items are covered wherever you are — traveling internationally, at a hotel, at a friend's home. Coverage follows the item, not just your house.

Appraisals

Why current appraisals matter

Scheduled coverage is only as good as the value it is based on. An appraisal from 15 years ago may significantly understate what your ring or artwork is worth today — meaning a claim payout that does not cover replacement.

💍 Jewelry

Appraise every 3–5 years. Diamond and gold prices fluctuate significantly. An engagement ring appraised in 2010 may be worth 40–60% more today.

🎨 Art and Collectibles

Art values can appreciate substantially. Sports cards and memorabilia values have increased dramatically in recent years. Appraisals should be current.

🎯 Firearms

Vintage and collectible firearm values have risen considerably. A current appraisal or documented market value ensures coverage matches what you would actually spend to replace the firearm.

Quick Rate Estimate

What does scheduled personal property coverage cost?

Typically $10–$20 per $1,000 of coverage annually. Estimate your range in four steps.

How It Works

Three steps to scheduled coverage

Inventory Your Items

List each item you want to schedule with its current appraised or documented value. Photos help. For jewelry and art, a formal appraisal from a qualified appraiser is ideal.

We Find the Right Policy

Scheduled personal property coverage can be added as a rider to your existing homeowners policy or written as a standalone floater. We find the best option for your situation.

Each Item Covered at Full Value

Every scheduled item is covered at its agreed value — no sublimits, no depreciation, and typically no deductible. If something happens, you replace it fully.

Frequently Asked Questions

What valuable item owners ask us most

Homeowners policies cover personal property with broad sublimits — typically $1,000–$2,500 for jewelry, $2,500 for firearms. Scheduled coverage insures each individual item at its full appraised value, with no deductible and broader coverage including mysterious disappearance.

For jewelry and fine art, a formal appraisal from a qualified appraiser is the best approach and supports agreed value coverage. For firearms, documented market value or a dealer quote is often sufficient. For newer items, a purchase receipt works well.

Under a scheduled policy, yes — mysterious disappearance is covered. Under a standard homeowners policy, no — mysterious disappearance is excluded, and the sublimit would apply even if it were covered.

Yes. Scheduled personal property follows the item worldwide — at home, traveling, at a hotel, or at a friend's house.

Every 3–5 years for jewelry, more frequently if you have reason to believe values have changed significantly. If your item has appreciated and you have not updated coverage, a claim payout may not cover full replacement.

Yes. You can add newly acquired items at any time. Just contact us with the item details and current value.

Scheduled coverage pays for repair up to the agreed value. If repair costs exceed the agreed value, you receive the agreed value to replace the item.

Get Your Quote

Your most valuable possessions deserve coverage that matches their value.

Scheduled coverage is more affordable than most people expect — and far better than discovering a sublimit after a loss.

Each item covered at full appraised value
No deductible on most scheduled items
Mysterious disappearance covered
Worldwide coverage
Can be added to existing homeowners policy

Start your free quote

Fill out the form and an agent will be in touch within one business day.

The most common situation I see is someone who has been carrying $15,000 worth of jewelry on a $1,500 sublimit for years without realizing it. The premium to schedule it properly is often less than $200 a year.

If you have valuable jewelry, art, or collectibles, it is worth a five-minute conversation to make sure your coverage actually matches what you own.

Featured Agent

Janel Morris

Personal Lines Agent

I work with a lot of Minnesota families on home and personal lines coverage, and jewelry is the most commonly underinsured item I see. People assume their homeowners policy covers their engagement ring at full value. It almost never does. I schedule each item properly so there are no surprises if something happens.

(952) 392-9508 Email Janel

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Your homeowners policy has sublimits.Your engagement ring does not care.