Engagement rings, luxury watches, heirloom pieces—high-value jewelry often carries both financial and emotional value. In Canada, many homeowners are surprised to learn that standard home insurance provides very limited coverage for jewelry. That’s where jewelry scheduling becomes essential.

Why Standard Coverage Isn’t Enough

Most home policies:

• Cap jewelry theft limits (often $3,000–$5,000 total)
• Apply deductibles to losses
• Exclude accidental loss or mysterious disappearance

A single lost ring can exceed policy limits instantly.

What Is a Jewelry Schedule?

A jewelry schedule is a separate endorsement that:

• Lists each item individually
• Insures it for an agreed appraised value
• Often provides worldwide coverage
• Covers loss, theft, and accidental damage—often with no deductible

What You’ll Need

• A professional appraisal (updated every 3–5 years)
• Detailed descriptions and photos
• Receipts or proof of ownership when available

Common Covered Scenarios

• Lost diamond ring while travelling
• Stolen watch from a hotel room
• Accidental stone damage or clasp failure

Final Thought

If your jewelry is valuable enough to treasure, it’s valuable enough to schedule. Proper insurance ensures peace of mind—at home and anywhere life takes you. 🇨🇦

Brokers can contact Total Risk Managers to discuss a risk.

This article is general information for insurance brokers. It is not advice, and it is not a quote or an offer of coverage. Policy wording decides what is covered. Coverage is arranged through a licensed insurance broker.