Should I schedule my jewelry on my homeowners policy or get a standalone policy?

Standard homeowners policies cap jewelry theft coverage at $1,500 and provide no coverage for mysterious disappearance. A ring that slips off your finger and is never found is not covered under a standard policy. Scheduling jewelry on your homeowners adds agreed value coverage for specific pieces. Alternatively, a standalone Jewelers Mutual policy covers mysterious disappearance, has no deductible on most policies, and provides worldwide coverage. For pieces above $5,000, standalone is typically the better option.