Determining jewelry value is crucial for insurance coverage.
Homeowners policies don't automatically cover jewelry; it needs scheduling or a separate policy.
Scheduled jewelry appraisal offers broader coverage and replacement cost without deductibles.
Insurance companies require appraised values, not purchase receipts. Regular appraisals are recommended to adjust coverage to market changes.
Proof of jewelry value may be required for claims; appraisals provide documentation. Consult a qualified appraiser before insuring your jewelry collection.