Give the Gift of Insurance this Valentine’s Day – Why and How You Should Insure Your Fine Jewelry.

February 14, 2019

Valentine’s day is the celebration of romance and romantic love, and what is more romantic than seeing the smile on a loved one’s face when they open the box to a new beautiful necklace, ring, watch or other type of jewelry? If you or your loved one just received a new piece of jewelry for Valentine’s day, then it is time to think about getting that jewelry insured.

Your valuables are important to you – and insuring them is equally important to prevent serious loss in the event of damage or theft. Whether it’s a diamond ring, watch, necklace, or even a new silverware set, Shepherd Insurance can help you insure the things you value most. Checkout the helpful information below to learn more about how our Shepherd agents can help you protect your valuables.

Why Do I Need to Insure My Valuables?

It’s true that standard homeowners, condominium and renters insurance policies include a limited amount of coverage for jewelry and other valuable items. However, many policies limit the dollar amount of coverage for the theft or loss, due to a covered peril of such items. To properly insure the value of a portrait or an heirloom stamp collection, consider purchasing additional coverage through a policy endorsement or floater. These coverage options are both affordable and easy to arrange.

Coverage Options


Endorsements are additions to your homeowners, condominium or renters insurance policy, which change or add to the policy’s provisions. The items of value are “scheduled” on a list that includes a brief description and the item’s dollar value.

For all items, an appraisal or sales receipt is typically required. This will help ensure that, in the event of a covered loss, the amount of insurance is enough to cover the repair, replacement or cash payment of the item.

The endorsement can cover property otherwise excluded from a basic homeowners insurance policy, extend the number of perils insured against, or increase the amount paid for a covered loss. Items scheduled are typically not subject to the policy deductible.


A separate personal articles floater may be used to schedule your valuable property that’s subject to special limits under basic homeowners coverage.

If you have an existing endorsement or floater, it’s important to periodically review your policy’s coverage limits to minimize the likelihood of underinsurance arising from outdated appraisals and inadequate limits of insurance.

The Cost of Coverage

The cost of coverage varies upon the item, but typically the fee is nominal. Our personal lines team of professionals would be happy to provide you with more information about coverage and an estimate for the cost of scheduling an item.

Before a thief steals your antique coin collection or your diamond ring accidentally gets washed down the drain, call Shepherd Insurance at 317-846-5554 to learn more about the affordable ways we can help you protect the things you value most.