Keep Jewelry OFF Homeowners Policy

If jewelry is on HO

  • The impact of a jewelry claim is serious!
  • Jewelry loss counts as HO loss.
  • Jewelry losses hit CLUE and PILR reports.
  • Client loses homeowners' "claim free" rating.
  • HO policy is difficult to re-market after a loss.
  • "Mysterious disappearance" claims, in particular, are red flags.

Other disadvantages

  • HO policies have capacity limitations.
  • Many HO carriers will not cover higher-value jewelry.
  • HO policies will not list non-family members with "insurable interest."

NOTE:
70% OF PERSONAL PROPERTY
THEFT LOSSES ARE
JEWELRY


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